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.
Merchandising: Execution Is Key at Wegmans
Few stores can afford to be as spectacular as Wegmans. But the Rochester, N.Y.-based retailer, whose stores draw praise for their innovative merchandising, nevertheless can provide an education for peers with smaller stores and more modest ambitions.
Hy-Vee Readies New Wisconsin Store
WEST DES MOINES, Iowa — Hy-Vee here is in the final stages of readying a new store in Madison, Wis., which will become the second Hy-Vee is Wisconsin when it opens next month.
Metro Q2 Sales Down
MONTREAL — The sale of its stake in the Alimentation Couche-Tard convenience chain helped boost profits during the second quarter for Metro Inc., but the top line was under pressure from competitive openings, a calendar shift and disruption from the implementation of a new warehouse-management system.
Nash Finch Q1 Sales Up, Earnings Down
MINNEAPOLIS — Nash Finch Co. here on Thursday said lower gross margins in its military distribution segment and higher operating expenses led to a 62.2% decrease in net earnings in the fiscal first quarter.
Duncan Highlights Positives in Supervalu Q4
MINNEAPOLIS — In his first quarterly address since taking the reins at a slimmed-down Supervalu, Sam Duncan said the company would focus on decentralizing its retail banners, a new commitment to pricing at Save-A-Lot and recharging its wholesale business.
Delhaize Comps, Profits Rise in Q1
BRUSSELS — Comparable-store sales and profits improved during the fiscal first quarter for Delhaize Group, the retailer said in preliminary financial results released Monday.
ShopRite to Open in Former Del. Pathmark
KEASBEY, N.J. — ShopRite will open a new store later this year at the site of a former Pathmark in Glasgow, Del., a spokeswoman for Wakefern Food Corp. told SN this week.
Fairway Stock Soars in Opening
NEW YORK — Stock in Fairway Group Holdings soared by 30% early Wednesday in its first day of trading on the Nasdaq stock market.
Q&A With Randall Onstead
Randall Onstead, president and chief executive officer of Bi-Lo Holdings, in an interview with SN’s Jon Springer addresses the integration of Bi-Lo and Winn-Dixie and his strategy for the combined company.