Retail Financial Archive
Delhaize Completes Debt Refinancing
BRUSSELS — Delhaize Group here said Thursday that its Delhaize America subsidiary had completed the repurchase of $1.1 billion in notes with funds generated from new note placements also completed this week. ...
Food Drives Quarterly Comp Gains for Family Dollar
MATTHEWS, N.C. — Family Dollar stores that have received expanded square footage for food displays are turning stronger comparable results than the chain overall, officials of the discount chain here said last week. ...
Despite Sales Growth, Supermarkets Losing Market Share
ELMWOOD PARK, N.J. — Traditional supermarket operators showed strong sales growth in 2006, but they will still lose share to non-traditional operators over the next five years, according to a presentation yesterday by The Food Institute here and Barrington, Ill.-based Willard Bishop Consulting....
U.S. Foodservice Cancels Bond Offering in Buyout Deal
AMSTERDAM — Officials of Ahold said the company expects to complete its pending sale of U.S. Foodservice to private equity interests despite the unit pulling back a bond offering that would have helped finance the deal, reports said Wednesday....
Giant Eagle Expected to Bid on Bottled Water Plant: Report
PITTSBURGH — Retailer Giant Eagle here has made a $20 million bid to buy a bottled water and tea plant from bankrupt bottler LeNature’s, published reports said Wednesday....
Union, Giant Eagle OK 3-Year Deal
PITTSBURGH — Employees of Giant Eagle represented by United Food and Commercial Workers Local 23 have voted to approve a new three-year deal with the retailer here....
Bennett to Join IGA as VP, Procurement and Private Brands
CHICAGO — IGA here said yesterday that David S. Bennett has been named vice president, procurement and private brands, a new position, effective July 9....
Study: Consumer Confidence in Packaged Goods Slips
ARMONK, N.Y. — Product contaminations and recalls, coupled with confusion over marketing claims, have contributed to an erosion of consumer trust in consumer product manufacturers, according to an IBM survey....
Publix Ranks First in Customer Service Survey
FINDLAY, Ohio — Publix Super Markets, Kroger and Safeway ranked first through third in the supermarket category in RealPeopleRatings.com’s quarterly customer service survey, Corporate Research International here announced yesterday....
Senate Rejects ‘Card Check’ Legislation
WASHINGTON — The U.S. Senate yesterday rejected H.R. 800, known as the “Employee Free Choice Act,” which would have eliminated the need for secret ballots in voting on unionization of employees at a business....
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