Supermarket News

Nash Finch Doubles Profits in Q1 

MINNEAPOLIS — Buying ahead of rapid food-cost inflation and taking advantage of an early Easter holiday, Nash Finch boosted inventories and profits during the first quarter, which ended March 22. ...

Supervalu Announces Stimulus Check Bonus Program 

MINNEAPOLIS — Supervalu here on Thursday announced a program to provide added value to gift cards purchased with tax-refund or government-issued economic stimulus checks. ...

Safeway Sees Corporate Brands Outpace National Brands 

PLEASANTON, Calif. — Safeway here said yesterday that growth in corporate-brand sales is outpacing growth in national brands by a factor of 4 to 1 storewide and 6 to 1 in the center of the store — "the strongest evidence that consumers are trading down and looking for value," according to Steve Burd, chairman, president and chief executive officer. ...

Store Inefficiencies Cost Industry 1% of Sales, Sharegroup Says 

PITTSBURGH — A year-old sharegroup that includes two major food retail chains and five large CPG companies has identified gaps in implementation of merchandise plans and promotions at the store level that it says costs food, drug and mass channels approximately 1% of annual gross product sales, or an estimated $10 billion to $15 billion dollars. ...

Stop & Shop to Open Maine In-Store Bank Branches 

QUINCY, Mass. — The Stop & Shop Supermarket Co. here, part of Ahold USA, said yesterday it has made an agreement with People’s United Bank, Bridgeport, Conn., for in-store bank branches in its stores in Maine....

Wal-Mart Shareholders Seek Human Rights, Social Impact Reviews 

BENTONVILLE, Ark. — Shareholders of Wal-Mart Stores here have proposed that the company establish a human rights committee....

Weis Sets $80 Million Cap-Ex Program 

SUNBURY, Pa. — Weis Markets plans to spend around $80 million in capital over the next 12 months, with three-quarters of the total going toward its store base, officials said Wednesday at the retailer’s annual meeting here....

FMI Teams With Europeans to Improve Food Safety 

ARLINGTON, Va. — The Food Marketing Institute here, the German Retail Federation and the French Wholesale and Retail Federation yesterday announced a partnership to develop harmonization between the European International Food Standards (IFS) and the United States-based Safe Quality Food (SQF) program to strengthen food safety and quality certification standards....

Sam’s Club Limits Rice Purchases 

BENTONVILLE, Ark. — Sam’s Club here is rationing rice at all locations where quantity restrictions are allowed by law because of “recent supply and demand trends,” according to reports....

Rishton: Ahold ‘Vigilant’ on Prices in Fiscal ’08 

AMSTERDAM — Ahold will remain “vigilant about the changing economic environment and rising food prices,” in fiscal 2008, John Rishton, chief executive officer of Ahold, told shareholders at the retailer’s annual meeting Wednesday....

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