NEW YORK — Supermarket stocks fell yesterday along with the broader market, which absorbed news of financial turmoil for investment banks Lehman Bros. and Merrill Lynch and troubles at insurance giant AIG. Especially hard hit was A&P, which in another massive sell-off saw its stock fall by more than 20% to close at $8.82, a new 52-week low. Other food retail stocks falling Monday included Arden Group (down 9.2%); Winn-Dixie (down 4.61%); Kroger (down 4.12%); and Supervalu (down 3.96%). ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.