Retail Financial Archive
Delhaize to Step Up New Store Growth
BRUSSELS — On the heels of posting its best U.S. annual comparable-store sales gains in a decade, Delhaize Group here will step up store growth in fiscal 2008, particularly in its Food Lion division, the retailer said Thursday. ...
Analyst Suggests Supervalu Spin Off Distribution
MINNEAPOLIS — Supervalu’s beleaguered stock regained some value Wednesday after a Bank of America analyst lifted a “sell” rating on the stock and suggested the retailer could raise investment capital by selling its distribution business. ...
Tesco ‘Very Encouraged’ by Fresh & Easy
CHESHUNT, England — Tesco here said this week that early customer response to its first Fresh & Easy stores in the U.S. “has been very encouraging.” ...
Crosby’s Markets Switches to AG New England
MANCHESTER, N.H. — Associated Grocers of New England here this week said it has been selected as the primary supplier by Crosby’s Markets, based in Salem, Mass., for all six of Crosby’s supermarkets in Massachusetts. ...
BJ’s Names Sen President, COO
NATICK, Mass. — BJ’s Wholesale Club here yesterday said it has named Laura Sen to be its new president and chief operating officer; the chain also announced it has restructured its merchandising operations....
Holiday Sales Rise Less Than Expected
WASHINGTON — The National Retail Federation yesterday said December retail sales (excluding automobiles, gasoline and restaurants) were up 1.7% over year-ago levels and that total holiday sales for 2007 were up 3%, lower than the association’s previous 4% projection....
Government Action Will Buoy Economy: NRF
NEW YORK — The economy will gradually pick up steam throughout 2008 and will not slip into a recession, thanks to stimuli from the government, the National Retail Federation predicted at a press conference here yesterday. ...
New Wal-Mart Format Takes on Tesco in Arizona
BENTONVILLE, Ark. — Wal-Mart Stores here may put a crimp in Tesco's volume growth, beginning in the Phoenix area, if it follows through with reported plans to open a scaled-down version of its Neighborhood Markets format there later this year, analysts told SN. ...
SN, Friends Dinner Present Awards
SCOTTSDALE, Ariz. — Supermarket News presented three industry awards here at the ninth annual Friends of the Industry Dinner during the FMI Midwinter Executive Conference. ...
FMI Awards Go to Lafley, Minyard, Infusino and Scher
SCOTTSDALE, Ariz. — Food Marketing Institute yesterday presented its William H. Albers Industry Relations Award to A.G. Lafley of Procter & Gamble Co.; its Herbert Hoover Award for community service to Tom Infusino of Wakefern Food Corp.; its Sidney R. Rabb Award for service to the community, consumers and the industry to Liz Minyard, formerly of Minyard Food Stores; and its Glenn P. Woodard J. Public Affairs Award to Barry Scher of Ahold USA. ...
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