NEW YORK — Supermarket stocks plunged along with the rest of the market yesterday after an analyst issued a report downgrading Kroger and Safeway and speculating that a difficult price war among food retailers was likely to damage profitability this year. Deborah Weinswig of Citigroup Global Markets here said aggressive pricing by regional operators, and a possible new price initiative by Wal-Mart Stores — fueled by expanded private-label offerings — could force a “modern day price war.” ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.

Click here to read the FAQ page if you have any questions (opens in a new window)

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.