Retail Financial Archive
Obituary: Scott Preece
PORTLAND, Ore. — Funeral services are scheduled here today for Scott Preece, vice chairman of WinCo Foods, Boise, Idaho, who died last week following a...
Newswatch
WHITE PLAINS, N.Y. — A&P has filed suit against Stop & Shop in U.S. District Court here, accusing its rival of making misleading statements in comparative price advertisements....
BJ's Cites Strong Price Competition in Q2
NATICK, Mass. — Wal-Mart Stores' ballyhooed rollbacks may not have gotten the response from consumers that the company wanted, but they sure captured the...
Executive Changes
MONTVALE, N.J. — A&P here last week said it had named Paul Herz executive vice president, operations. He succeeds Mark Kramer,...
'Cautious Consumer' Sinks Unified's Q3 Sales
LOS ANGELES — Unified Grocers here said Friday that net earnings and sales fell for the third quarter and 39 weeks that ended July 3, which the company attributed to ongoing weakness in consumer spending....
NRF Applauds LAPD for Nabbing ORC Ring
WASHINGTON – The National Retail Federation applauds the Los Angeles Police Department for their efforts in successfully bringing down a notorious Los Angeles-based organized retail crime ring, also known as the Hernandez Operation....
Two Minnesota Locals to Merge
SOUTH ST. PAUL, Minn. — Two Minnesota-based sister locals of the United Food and Commercial Workers have voted to approve a merger. ...
Ex-Wegmans Worker Pleads Guilty to Fraud
ROCHESTER, N.Y. — A former Wegmans Food Markets supervisor has pleaded guilty to charges of stealing nearly $21,000 from the retailer by fraudulently activating gift cards....
Restaurateur Debuts Retail Banner in Chicago Food Desert
CHICAGO — Quentin Love, creator of the Quench chain of restaurants, is planning a grand opening Aug. 26 of a new retail store called Fresh Family Foods in an underserved part of this city....
Pathmark Dominates A&P Store-Closure List
MONTVALE, N.J. — Following is a list of stores operated by A&P set to close in October....
Couche-Tard Nominates Board Slate for Casey’s
MONTREAL — Alimentation Couche-Tard on Thursday said it has mailed proxy materials to shareholders of its takeover target Casey’s General Stores, pushing for acceptance of its offer to acquire the convenience store chain and to elect a slate of eight board members at Casey’s annual meeting in September....
Shoppers Food & Pharmacy to Move HQ
LANHAM, Md. — Shoppers Food & Pharmacy said it would be moving its corporate headquarters to Bowie, Md., in October, approximately 10 miles east of its facilities here. ...
Dollar Tree Sees Potential for 7,000 Locations
CHESAPEAKE, Va. — Dollar Tree here, which operates 3,925 stores, sees the potential to expand its base to up to 7,000 locations, Bob Sasser, president and chief executive officer, told analysts Thursday in a conference call discussing second-quarter results....
Independents’ Profits Squeezed
ARLINGTON, Va. — Independent retailers saw overall pre-tax profits decline 20 basis points over the past year due to reduced gross margins, according to the 2010 Independent Grocers Survey, a joint study by the National Grocers Association here and FMS Solutions, Baltimore....
Fresh & Easy Plans Northern California Entry in 2011
EL SEGUNDO, Calif. — Fresh & Easy Neighborhood Market here said Wednesday it plans to enter Northern California early next year with eight stores — the chain's first units north of Fresno....
Price Competition Sinks BJ's Profits
NATICK, Mass. — Citing "an intense level of price competition" from discounters and supermarkets, BJ's Wholesale Club here invested more heavily than expected in its own prices during the second quarter, causing margins and earnings to fall below expectations....
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David Orgel: 
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