Roundy’s Q1 Comps Get Sacked
MILWAUKEE — Citing heightened price competition and difficult comparisons — including sales aided by the Green Bay Packers’ march to the 2011 Super Bowl — Roundy’s Supermarkets said comparable-store sales fell by 2.1% in the fiscal first quarter.
Spartan Expands Valu Land
GRAND RAPIDS, Mich. — Spartan Stores’ new Valu Land discount concept will expand by three to five new stores this fiscal year, and officials see the potential for the store as an organic growth vehicle outside of Michigan.
Food Emporium Showcases ‘Neighborhood’ Renovation
NEW YORK — The Food Emporium on Friday celebrated the completion of an 18-week renovation at its 63rd Street store in Manhattan, saying the changes represent a transition to a neighborhood focus parent company A&P intends to introduce at stores throughout the chain.
Spartan Eyes Valu Land Expansion
GRAND RAPIDS, Mich. — Spartan Stores’ new Valu Land discount concept will add three to five new stores this fiscal year, and officials see the potential for the banner as an organic growth vehicle outside of Michigan.
Kroger Looks at Larger C-Stores
NEW YORK — Kroger is experimenting with building larger convenience stores with more fresh food offerings to better compete against smaller grocery formats.
Roundy’s Q1 Comps Not ‘Super’
MILWAUKEE — Roundy’s Supermarkets on Thursday said same-store sales decreased during the fiscal first quarter, in part because the year-ago period included higher sales accompanying the Green Bay Packers’ trip to the Super Bowl.
Supervalu to Close Ohio DC
EDEN PRAIRIE, Minn. — Supervalu on Thursday said it would close its distribution center in Xenia, Ohio, and consolidate the business with a larger facility in Fort Wayne, Ind.
CEO Martin Starring in New A&P Campaign
MONTVALE, N.J. — Sam Martin, chief executive officer of A&P here, is appearing in a new television advertising campaign touting improvements at the retailer’s various store banners.
Analysts Question Loblaw Executives
BRAMPTON, Ontario — Officials of Loblaw Cos. last week insisted they were making progress but analysts reviewing lackluster quarterly financial results questioned whether they could produce some proof.
Sales, Profits Soar in Whole Foods Q2
AUSTIN, Texas — “Wow!” That was the reaction of one analyst, Scott Mushkin of Jefferies, upon reviewing second-quarter figures from Whole Foods Market last week.
Nash Finch Launches Private-Label Program
MINNEAPOLIS — Nash Finch intends to boost its customers’ price-competitiveness behind a program to stock the distributor’s private-label items — and remove their competitors.
Investments Sink Delhaize Q1 Earnings
BRUSSELS — Price investments at the Food Lion and Hannaford banners are positioning the stores for long-term success but are coming at a cost to earnings, officials of parent company Delhaize Group here said Thursday.
Sales, Profits Soar in Whole Foods Q2
AUSTIN, Texas — Whole Foods Market late Wednesday said earnings during the fiscal second quarter soared by 31% on a 9.5% increase in comparable store sales.
Price Investments, Soft Sales Hit Loblaw Q1
BRAMPTON, Ontario — Loblaw Cos. here on Wednesday said net income in the fiscal first quarter was down by 22.2% as a result of soft sales, higher transportation costs and a $10 million investment in lower prices.
