Retail Financial Archive
Bloom Adds Guiding Stars; Food Lion Next
SALISBURY, N.C. — Food Lion's Bloom banner has rolled out the Guiding Stars nutritional rating system to all 61 locations and is planning a series of promotions as the Food Lion banner completes the rollout of the program to its 1,200-store network next month, a spokeswoman for Bloom told SN yesterday. ...
Moody's Downgrades Smart & Final Ratings
NEW YORK — Moody's Investors Service here said yesterday it is downgrading its ratings for Smart & Final Holdings Corp., a Los Angeles-based warehouse-store operator, and leaving the ratings under review for possible further downgrade. ...
Penn Traffic Posts $12.4 Million Loss as Sales Dip
SYRACUSE, N.Y. – Penn Traffic here yesterday reported a loss of $12.4 million for the first fiscal quarter that ended May 3, down from a loss of $7.4 million in the year-ago quarter. ...
Supervalu to Eliminate 135 Jobs in Outsourcing
MINNEAPOLIS — Supervalu here said yesterday it has decided to partner with a third-party provider to perform certain services within its finance function — a decision that will reportedly result in eliminating 135 positions from the company's finance and accounting team....
Ethics Guidelines, Correspondence Seized From Shoppers
LANHAM, Md. — Correspondence regarding the transfer of a liquor license from one store to another, as well as correspondence regarding intersection improvements at the site of another store, were among items seized by federal investigators at Shoppers Food & Pharmacy’s headquarters here as part of an investigation into Sen. Ulysses Currie, a Maryland state legislator who also served as a consultant for Shoppers, according to an evidence recovery log released this week by federal authorities. ...
Hannaford Suits Assigned to Maine Federal Court
PORTLAND, Maine — More than 20 lawsuits stemming from Hannaford’s credit card security breach have been consolidated and assigned to U.S. Federal Court here, court filings show. ...
Executives Buy Out No Frills Chain
OMAHA, Neb. — No Frills Supermarkets here has reached an agreement to sell the company to a group of seven of the chain’s executives, the company said yesterday. ...
IGA to Introduce MyPyramid Promotion Next Year
CHICAGO — IGA here said it plans to introduce a Hometown Healthy Challenge next year — a new national promotion tied to the MyPyramid Corporate Challenge sponsored by the U.S. Department of Agriculture. ...
A&P Sues Union for ‘Libelous and Defamatory’ Handbill
MONTVALE, N.J. — A&P here has filed suit against the union representing butchers at its Pathmark, Waldbaum’s and Food Emporium stores for distributing what the retailer called a “libelous and defamatory” handbill that interfered with business and called the quality of its meat products into question. ...
Albertsons to Retain 44 Florida Stores After Sale to Publix
BOISE, Idaho — Albertsons LLC here said it will retain 44 stores in Florida following the sale of 49 locations to Publix Super Markets, Lakeland Fla. ...
Fresh Market Planning Boston-Area Debut
GREENSBORO, N.C. — Specialty grocery chain The Fresh Market here will make its debut in New England next year as part of a new waterfront shopping district under construction in Hingham, Mass. ...
Publix to Acquire 49 Albertsons in Florida
LAKELAND, Fla. — Publix Super Markets here said today it has agreed to buy 49 Albertsons stores in Florida from Albertsons LLC, Boise, Idaho. ...
Ahold Changes Ad Tactics on VIP
AMSTERDAM — Ahold here said Friday it has changed the advertising approach in its Stop & Shop/Giant-Landover segment to compare-and-save rather than simply contrasting new, lowered prices with older, higher ones. ...
Wal-Mart Touts International Potential
BENTONVILLE, Ark. — In a raucous shareholders meeting here hosted by Queen Latifah and featuring a big-name roster of musical performers, Wal-Mart Stores on Friday touted its international growth potential and said it was “exploring” development possibilities in Russia....
Broader Joins Michaels Craft Chain
IRVING, Texas — Shelley Broader, the longtime Delhaize executive who recently announced plans to leave as chief executive officer of Sweetbay Supermarkets, is joining Michaels Stores here as president and chief operating officer effective June 23, the craft retailer said Friday....
Wal-Mart Sees Sales Bump From Tax Checks
BENTONVILLE, Ark. — Wal-Mart Stores here yesterday said it believes it is seeing a sales boost from the economic stimulus checks that taxpayers recently began receiving. ...
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