Supermarket News
Congress Proposes Law Regulating Credit Card Fees
WASHINGTON — The House Judiciary Committee yesterday introduced legislation that calls for merchants, credit card companies and banks to negotiate transaction fees that would be set for three years at a time, according to Food Marketing Institute, which has been pushing for Congress to take action on the fees....
BJ’s Posts Jump in 4th-Quarter Profits
NATICK, Mass. — BJ’s Wholesale Club here yesterday reported a sharp rise in fourth-quarter net income, citing strong sales of high-margin items such as perishables....
Food and Fresh Categories Lead Costco Sales
ISSAQUAH, Wash. — Sales in the food-sundries and fresh categories at Costco Wholesale Corp. here led all other product groups during the second quarter, which ended Feb. 17, Richard Galanti, executive vice president and chief financial officer, told analysts yesterday during a conference call to discuss the company's financial results....
A&P: ‘No Change’ in Consumer Behavior
TORONTO — Speaking at the CIBC World Markets Retail Conference here yesterday, Christian Haub, executive chairman of A&P, Montvale, N.J., said he has not seen any indication that consumers are changing their shopping behavior based on the economy. ...
Project Destiny Releases Initial Results
WASHINGTON — Moving from the concept of dispensing medication to that of a “primary care pharmacist,” one that focuses on managing medications and positively impacting health outcomes, was among the main goals identified by the initial report of “Project Destiny,” a joint initiative of the American Pharmacists Association (APhA), the National Association of Chain Drug Stores (NACDS) and the National Community Pharmacists Association (NCPA), released yesterday....
C&K Market to Use Web-Based Sales Reporting System
BROOKINGS, Ore. — C&K Market here has selected StoreNext Retail Technologies’ Connected Services suite of Web-based applications to handle sales reporting for the regional chain....
Nielsen: Supermarket Shoppers Reaching for Celebrity Wine
SCHAUMBURG, Ill. — Supermarket sales of alcoholic beverages that are branded with the name of a celebrity or directly associated with a famous person are gaining momentum, according to the Nielsen Co....
Oldways Launches Mediterranean Foods Alliance
BOSTON — Oldways, a nonprofit food issues think tank based here, announced its Mediterranean Foods Alliance yesterday....
Supervalu Sees 'Orderly Pass-Through' of Inflation
NEW YORK — Although it is too early to say exactly how consumers will react to ongoing price increases in the grocery sector, Jeff Noddle, chairman and chief executive officer of Minneapolis-based Supervalu, said he expects food retailers to pass their cost increases on to consumers. ...
Publix Stock Drops Another Dime
LAKELAND, Fla. — Publix Super Markets here this week said the value of its stock, which is not publicly traded but is owned by current and former employees, was appraised at $20.70 per share, down from $20.80 in the preceding quarterly evaluation and from $20.90 in the quarter before that. ...
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