Retail Financial Archive

Brookshire to Develop ‘Fresh’ Format Store 

TYLER, Texas — Brookshire Grocery Co. said last week that it would develop a new concept store — to be known as Fresh by Brookshire’s — near its headquarters here. ...

Retail Food Prices Up 4% in Q3, Farm Bureau Reports 

WASHINGTON — Retail food prices at the supermarket increased by about 4% during the third quarter and 10.5% from the third quarter a year ago, according to the American Farm Bureau Federation's Marketbasket Survey. ...

Village Boosts Sales, Profits in 4Q 

SPRINGFIELD, N.J. — Improved sales and lower expenses helped drive profits up by 9% to $6.9 million during the fourth quarter for Village Super Market here, the retailer said Thursday....

Loblaw Workers in Prairies Threaten Strikes 

TORONTO — United Food and Commercial Workers local unions in Manitoba, Saskatchewan and Alberta have threatened to strike as early as Saturday unless progress is made in their respective negotiations with Loblaw, UFCW Canada said Thursday....

Big Y Appoints White New CFO 

SPRINGFIELD, Mass. — The board of directors of Big Y Foods here has named industry veteran William D. White as the company’s new chief financial officer. White succeeds Herbert D. Dotterer, who retired in July. ...

Heinen’s, Giant Eagle Workers Reach Agreement: Report 

CLEVELAND — Union workers at Heinen’s and Giant Eagle stores here have reportedly reached an agreement on a new contract. ...

Industry Leaders Step Up ‘Bailout’ Support 

WASHINGTON — Warning that the Wall Street financial crisis threatens bloodshed on Main Street, leaders in the food and consumer products industry have urged Congress to support a so-called “financial bailout” plan. ...

Smart & Final Expanding Store Size to Attract Consumers 

LOS ANGELES — Smart & Final here plans to open three more expanded stores, called Smart & Final Extra, this year and additional locations next year, Randall Oliver, a company spokesman, told SN. ...

Wal-Mart Announces New Benefits Programs 

BENTONVILLE, Ark. — A slate of new health and wellness programs — including a program focusing on healthy pregnancy and infant care — highlight what Wal-Mart Stores officials on Tuesday called a “new level” of employee benefits for 2009. ...

Penn Traffic Settles With SEC 

SYRACUSE, N.Y. — Penn Traffic Co. here said yesterday it has reached a settlement with the Securities and Exchange Commission over accounting practices relating to promotional allowances by the chain from fiscal 2001 though fiscal 2003 and by its Penny Curtiss bakery subsidiary from fiscal 2000 through the first quarter of fiscal 2003. ...

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Tesco

Tesco: F&E Results ‘Encouraging’

The first reported financial results of the fledgling Fresh & Easy chain revealed heavy losses and modest but improving sales, officials of parent company Tesco here said last week.

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Let's say Wal-Mart Stores wants to sell more carbonated soft drinks.

 

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Fresh Insights

The produce industry is once again gearing up for the Produce Marketing Association's annual Fresh Summit International Convention & Exposition, which will be held this year Oct. 24-27

 

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As the fastest-growing demographic group in the United States, Hispanic shoppers have had the attention of food retailers for years now.

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Driven by the need to cut energy costs, as well as by a desire to improve the environment, many food retailers have embraced a wide assortment of “green” strategies in recent years.