Retail Financial Archive

Roundy’s Boosts Rebate-Check Incentive

Apr 29, 2008

MILWAUKEE — Roundy’s Supermarkets here has joined the growing chorus of supermarket retailers appealing to consumers to cash their economic-stimulus checks at its stores, but it is seeking to go one step further by tossing in some free product. ...

Safeway’s Burd Wins AHA Award

Apr 29, 2008

ALAMEDA, Calif. — The American Heart Association presented its Corporate Heart of Gold Award to Steve Burd, chairman, president and chief executive officer of Safeway, at a gala here on Saturday. ...

‘Perfect Retail Storm’ Sinks Weis’ Q1

Apr 29, 2008

SUNBURY, Pa. — Wholesale food price inflation and consumers made cautious by the economy combined to reduce profits at Weis Markets during the first quarter that ended March 29, the retailer here said. ...

Bi-Lo to Open Limited-Frills Format

Apr 29, 2008, By ELLIOT ZWIEBACH

MAULDIN, S.C. — Bi-Lo Supermarkets here said yesterday it plans to introduce a new limited-frills format next week — called Food$mart — at a converted store in Lenoir, N.C. The company said it is also looking at other locations for future conversions but has not made any final plans. ...

SEC Clears Mackey in Message-Board Scandal

Apr 29, 2008

AUSTIN, Texas — Whole Foods Market here said Friday that the Securities and Exchange Commission has concluded its investigation into the message-board postings of the company’s chairman and chief executive officer, John Mackey, and has not recommended any enforcement action against him or Whole Foods. ...

Supermarkets Could Pick Up $2 Billion From Stimulus Spending: Report

Apr 28, 2008, By ELLIOT ZWIEBACH

NEW YORK — Goldman Sachs here estimated that supermarkets could pick up 7% of the stimulus checks the government will issue next month, or close to $2 billion during the second and third quarters....

Stater Donates $50,000 to Teen Shelter

Apr 28, 2008, By ELLIOT ZWIEBACH

SAN BERNARDINO, Calif. — Stater Bros. Charities — the newly established philanthropic arm of Stater Bros. Markets here — made its first donation last week: a $50,000 check to SafeHouse of the Desert, a local chapter of Operation SafeHouse, which offers emergency youth shelter for homeless children aged 11 to 18. ...