Ahold on Thursday said it U.S. sales, operating income and margins decreased during the fiscal second quarter, reflecting a decision to absorb some of its commodity price increases while making price investments as part of its ongoing Reshaping Retail program.
The board of directors of Demoulas Super Markets was reportedly meeting Monday, the day after negotiations with the governors of Massachusetts and New Hampshire triggered “real progress” in talks to facilitate a sale of the troubled chain.
A judge has granted preliminary approval to a $9 million settlement of a class action lawsuit filed against certain former executives of A&P by pension funds alleging that the retailer failed to adequately disclose its financial condition prior to its bankruptcy.
Independent directors of Demoulas Super Markets on Wednesday said they have still received no response to their offer last week to put ousted Market Basket president Arthur T. Demoulas and protesting associates back to work, saying the nearly month-long job action was “a no-win situation.”
Demoulas Super Market’s co-CEOs on Tuesday said they have sent letters to some 200 headquarters and warehouse employees informing them they will lose their jobs if they don’t return to work by this Friday.
Saying “there is no reason not to meet in the middle,” the three independent directors of directors of Demoulas Super Markets said Friday that they have made an offer to ousted president Arthur T. Demoulas and his staff to return to work at the beleaguered chain while Demoulas continues his pursuit of acquiring the company. Arthur T. however was not buying.
Fairway Group Holdings said Thursday that same-store sales declined by 1.7% in the fiscal first quarter due in part to sales cannibalization from new Fairway stores and the impact of a recent competitive opening.
Hannaford Bros. Supermarkets on Thursday declined comment on a Boston Globe report indicating it had offered to buy all or part of the troubled Demoulas Market Basket chain, while debate over the fate of workers flared again as protests and a consumer boycott approached their third week.