Sprouts Seeks Fuel for Growth in IPO
PHOENIX — Sprouts Farmers Markets is touting rapid sales growth and the potential to add more than 1,000 new stores in a prospectus detailing plans for an initial public offering of stock.
Efficiencies Seen in C&S Takeover of Winn-Dixie Distribution
JACKSONVILLE, Fla. — Winn-Dixie could see some new efficiencies in its distribution network after the chain said last week it would outsource its warehouse, transportation and procurement services to C&S Wholesale Grocers, observers told SN.
Weather, Tax Woes Sink Wal-Mart Comps
BENTONVILLE, Ark. — Wal-Mart Stores said Thursday that smaller and slower-arriving tax returns and unseasonable weather contributed to sales that were below the retailer’s modest ambitions in the fiscal first quarter.
Kroger Defends Double Coupon Elimination
NEW YORK — Kroger’s chief financial officer on Tuesday defended the chain’s recent discontinuation of double coupons in several markets, saying the practice was “a very expensive reward proposition that a very small number of [our] customers actually engage in.”
Food Lion Completes Revamp at 178 Stores
SALISBURY, N.C. — Food Lion on Wednesday said that it has completed a revamp of 178 of its stores in Delaware, Maryland, Pennsylvania, Virginia and West Virginia.
C&S to Take Over Winn-Dixie Distribution
JACKSONVILLE, Fla. — Bi-Lo Holding, parent company of Bi-Lo and Winn-Dixie grocery stores, said Tuesday that it has reached a long-term agreement under which Keene, N.H.-based C&S Wholesale Grocers will provide warehouse, transportation and most procurement services for all 480 Winn-Dixie stores and continue providing services to all 206 Bi-Lo stores.
Duncan: Perishable Conditions Shocking
NEW YORK — Supervalu’s new CEO last week said he was “shocked” at the poor conditions of perishable departments among the retailer’s corporate stores and wholesale customers, and that improving them would be a cornerstone of his plan to reverse the company’s fortunes.
Easter Shift Boosts Ingles in Q2
ASHEVILLE, N.C. — Ingles Markets here on Monday said sales and net earnings improved in the second quarter, helped along by a property sale and by the timing of the Easter holiday.
Judge in A&P Lawsuit Dismisses Some Claims
NEWARK, N.J. — A judge in a shareholder class-action suit against A&P this week dismissed claims against several defendants including the chain’s current owner, Yucaipa Cos., and Sam Martin, A&P’s current chief executive officer.
Labor Board Orders New Union Election at N.Y. Target
WASHINGTON — The National Labor Relations Board has ordered a new election to be held for union representation among employees at a Target store in Valley Stream, N.Y. and further ordered Target to amend employee handbooks and rescind certain policies the board deemed to be in violation of federal labor law.
Q1 Sales, Earnings Rise at Loblaw
TORONTO — Loblaw here on Wednesday said net earnings improved 40.2% in the first quarter as customers responded to improvements in assortment and service.
Kroger Pension Takeover a Hit With Union: Schlotman
NEW YORK — In the year since announcing a surprise move to consolidate and take over management of four ailing pension funds, Kroger has seen the condition of those accounts improve slightly and heard from more unions interested in making a similar deal, Kroger’s chief financial officer said in an investment conference here Tuesday.
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