Retail Financial Archive
United Natural Projects Gains in 2009
DAYVILLE, Conn. — United Natural Foods here yesterday said it expects profit growth to return during the 2009 fiscal year, which began last month, after the natural foods distributor posted a decline in net income for the fourth quarter of fiscal 2008....
Wal-Mart Establishes Asia HQ in Hong Kong
HONG KONG — Wal-Mart Stores, Bentonville, Ark., said yesterday it has established a new regional headquarters for Asia here to oversee its operations in China, India and Japan and to identify new business opportunities throughout Asia....
Shifts in Shopping Patterns Could Be Permanent: Study
COLUMBUS, Ohio — Decisions by shoppers to spend less and shift to lower-priced retailers to cope with rising food and gas prices "are capable of shaking the retail landscape and creating seismic shifts," TNS Retail Forward, a consulting and market research firm here, said yesterday. ...
Court Says Gristedes Owes Overtime: Report
NEW YORK — A U.S. District judge here ruled that Gristedes violated federal and state labor laws by failing to pay overtime wages to around 400 workers, reports said. ...
AG Set to Resume Operations After Gustav
BATON ROUGE, La. — Associated Grocers here was scheduled to resume delivery operations last night following two days during which it was shut down due to Hurricane Gustav. ...
Prison for Tax-Cheating Food Retailer
WASHINGTON — The owner of two grocery stores here and in Bethesda, Md., was sentenced to 12 months and one day in prison last week for failure to collect and pay payroll taxes, according to a statement by the Department of Justice. ...
UFCW Files Complaint Against Primary Fresh & Easy Supplier
WASHINGTON — The United Food and Commercial Workers Union here said it has filed a complaint with the National Labor Relations Board against 2 Sisters Food Group, the primary supplier of prepared foods for Tesco-owned Fresh & Easy Neighborhood Market, over the alleged firing of six workers. ...
A&P Loses 2, Wins 1 for ‘Emporium’ Web Addresses
MONTVALE, N.J. — A&P here went 1-for-3 in battles over website domain names for its Food Emporium banner, winning a judgment against the registrant of foodemporium.org, but losing similar arguments against the registrants of foodemporium.com and foodemporium.net, according to the National Arbitration Forum....
PWC: Consumer Products Companies Lower Revenue Projections
NEW YORK — Consumer products company executives lowered their own companies’ revenue growth targets for the upcoming 12 months to 3.2% in the second quarter, from 5.7% in the prior quarter, according to PricewaterhouseCoopers’ Consumer Products Barometer....
Pricing Pressures Squeeze Ahold Profits
AMSTERDAM — Ahold here said yesterday that a reluctance to pass along cost increases to customers contributed to a decline in profitability at the company, which operates the Stop & Shop, Giant of Landover and Giant of Carlisle chains in the U.S....
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