Supermarket News

Greg Gattuso

Articles by Greg Gattuso

AHOLD REPORTS STRONG YEAR, OUTLINES STRATEGY

ZAANDAM, Netherlands -- Executives from Ahold here reported a strong 1997, and outlined a two-pronged growth strategy for the new fiscal year.Fiscal 1997

FMI 1998 ANNUAL CONVENTION

CHICAGO -- Although the millennium is still 19 months away, major retailers have only about seven months to become "year-2000 compliant," said one supermarket

FMI 1998 ANNUAL CONVENTION

CHICAGO -- Food-stamp reform -- coupled with the strong economy -- has taken nearly $400 million worth of food stamps out of the system each month, according

FMI 1998 ANNUAL CONVENTION

CHICAGO -- The food industry continued its 20-year history of supporting the antihunger charity Second Harvest with a donation of 14 truckloads of grocery

FMI 1998 ANNUAL CONVENTION

CHICAGO -- The Food Marketing Institute last week presented John Greeniaus, retired chairman and chief executive officer of Nabisco, with its William

ANALYSTS EXPECT MORE INDUSTRY CONSOLIDATION

NEW YORK -- Financial analysts fully expect the supermarket industry to continue on its course toward greater consolidation in the second half of 1998.In

SCHULTZ REPORTS RECORD NET EARNINGS FOR '97

SHEBOYGAN, Wis. -- Schultz Sav-O Stores, a wholesaler here that supplies 18 corporate and 68 franchised Piggly Wiggly supermarkets, reported record net

BIG RETURNS

The nation's largest supermarket chains continued to reap the rewards of their investments in technology, acquisitions, capital expenditures and internal

WEIS PLANS $127 MILLION INVESTMENT IN STORE BASE

SUNBURY, Pa. -- Weis Markets here announced it will invest $127 million in its store base over the next 18 months, bolstering its presence in Pennsylvania

GRAND UNION SETS CAPITAL REALIGNMENT, CHAPTER 11

WAYNE, N.J. -- Grand Union Co. here said last week it intends to make a prepackaged Chapter 11 filing as part of a capital-restructuring agreement reached

JUDGE OKS CHANGES IN SUITS VS. ALBERTSON'S

BOISE, Idaho -- A federal judge here has ruled that three class-action lawsuits against Albertson's could be amended to include more named plaintiffs,

PENN TRAFIC SALES OFF; MEAT PLAN CITED

SYRACUSE, N.Y. -- Penn Traffic Co. here said setbacks in its marketing program resulted in decreased sales for the fourth quarter and fiscal year ended

AMERICAN STORES SHUFFLES TOP EXECUTIVE

SALT LAKE CITY -- American Stores Co. last week unveiled a series of high-level executive changes at the company's annual meeting here.American Stores

TWIN COUNTY IS EXPLORING MERGER, SALE, PARTNERSGIP

EDISON, N.J. -- Twin County Grocers here has retained Wasserstein Perella & Co., Chicago, as financial adviser to "explore strategic alternatives," which

ALBERTSON'S IS SEEN STAYING ON COURSE

BOISE, Idaho -- Albertson's proposal last week to purchase Smitty's Super Markets, a 10-store operator based in Springfield, Mo., has reaffirmed the chain's