Unions representing A&P employees said they made some progress convincing buyers of the bankrupt retailer’s stores to keep them employed, with some buyers agreeing to hire a minimum of 25% of their store’s workforce from the pool of displaced workers.
The Fresh Market on Tuesday said the company and its board of directors would conduct a strategic and financial review of the business with an eye on “value-enhancing initiatives” including a recapitalization or a sale.
Portland, Ore.-based natural food retailer New Seasons Market has announced plans to open two new stores in Northern California, in Emeryville and El Camino Real. The retailer said it would open a 35,000-square-foot store at the Emeryville Public Market in late 2017. “The Emeryville Public Market is an ideal spot for a New Seasons,” Jerry Chevassus, head of store development for New Seasons, said in a release.
Around two-thirds of U.S. Walmart stores have met Greg Foran’s challenge to increase their “clean, fast and friendly” ratings to internal standards by his Oct. 1 deadline — a figure that improved dramatically from when Walmart’s U.S. CEO issued the challenge in February.
Officials of Wal-Mart Stores on Wednesday acknowledged that earnings would continue to be under pressure — particularly in the next fiscal year — as a result on ongoing investments in employees and e-commerce.
Wal-Mart Stores on Friday said it was promoting Steve Bratspies to the role of U.S. chief merchandising officer, an office vacant at the retailer since the departure of Duncan Mac Naughton almost a year ago.