Retail Financial Archive
Mervyn’s, Bennigan’s Declare Bankruptcy
HAYWARD, Calif. — In more signs of a troubling economy for retailers, the respective parents of the Mervyn’s department store chain and Bennigan’s and Steak & Ale restaurants separately filed for bankruptcy protection Tuesday. ...
Fresh & Easy to Use Local Design Elements
FRESNO, Calif. — Tesco’s Fresh & Easy chain is planning to incorporate local and community elements into its design for the first time at a store it plans to open here later this year, according to reports. ...
Fresh Seasons Plans Second Location
VICTORIA, Minn. — Single-store independent operator Fresh Seasons is planning to open its second location here, owner Dale Riley told SN yesterday. ...
Loblaw ‘Catching Up’ on Five-Year Plan
TORONTO — Loblaw Cos. here said Friday that the five-point plan it is implementing has it on track to catch up within six to nine months with the five-year plan it laid out in 2005, but on which it has fallen behind....
Stop & Shop Said to Eye Closing Dunkin’ Donuts
QUINCY, Mass. — Stop & Shop here may be closing some or all of the 132 Dunkin’ Donuts locations in its stores and replacing them with Starbucks, according to local reports last week....
Stop & Shop Expands ‘Affordable Food Summits’
QUINCY, Mass. — Stop & Shop and Giant-Landover are planning to expand their “Affordable Food Summits,” where local politicians and economists visit stores to describe how consumers can best save money on groceries. ...
Records Reveal Ties Between Currie, Shoppers: Report
LANHAM, Md. — Phone and surveillance records released in the probe of Maryland state Sen. Ulysses S. Currie detail 320 phone calls from the senator’s home and cell phones to officials with Shoppers Food Warehouse here and its parent Supervalu, reports said. ...
McCain Makes Campaign Stop at Weis
BETHLEHEM, Pa. — Sen. John McCain’s “Straight Talk Express” made a stop at a Weis Markets-owned King’s grocery store here Wednesday where he addressed food cost inflation. ...
Minyard Agrees to Sell 37 of 58 Stores to Grocers Supply
COPPELL, Texas — Minyard Food Stores here said yesterday it has reached an agreement to sell 37 stores — including 23 Carnival Markets, five Minyard-banner stores and nine Sack 'n Save warehouse stores, plus five fuel centers — to Grocers Supply Co., Houston, for an undisclosed amount. ...
Inflation Squeezes Costco’s Earnings
ISSAQUAH, Wash. — Costco Wholesale Corp. here yesterday saw its stock plummet more than 12% after it issued a warning that its net income for the current quarter will fall short of expectations, in part due to its effort to keep prices down amid rising product costs....
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