Retail Financial Archive
Family Dollar Promotes Modla
MATTHEWS, N.C. — Family Dollar Stores here said it has promoted Jacob Modla to vice president and deputy general counsel. ...
Nash Finch Opens New Format
MINNEAPOLIS — Nash Finch Co. yesterday held grand opening ceremonies for its Family Fresh Market store in Hudson, Wis., which the company here has called its new everyday value format. ...
Winn-Dixie Sees Little Impact from Albertsons Sale
JACKSONVILLE, Fla. — Winn-Dixie Stores here said yesterday it does not expect Publix Super Markets’ acquisition of 49 Albertsons in Florida to have a major impact on its business. ...
Mackey Cites Regrets Around Wild Oats Deal
AUSTIN, Texas — John Mackey, founder, chairman and chief executive officer of Whole Foods Market here, said he has some regrets about last year’s Wild Oats acquisition, a merger of the two largest so-called “super-natural” retailers that triggered an antitrust investigation and an inquiry by the Securities and Exchange Commission. ...
Penn Traffic, Union Reach Tentative Agreement
SYRACUSE, N.Y. — Penn Traffic has reached a tentative contract agreement with United Food and Commercial Workers Local One, the union representing roughly two-thirds of its workforce, the retailer here said. ...
Kroger, Indianapolis Workers Agree to New Pact
CINCINNATI — Kroger Co. here said Wednesday that it had reached a tentative contract agreement with more than 4,200 union workers at 60 stores in Indianapolis and surrounding areas. ...
Bloom Adds Guiding Stars; Food Lion Next
SALISBURY, N.C. — Food Lion's Bloom banner has rolled out the Guiding Stars nutritional rating system to all 61 locations and is planning a series of promotions as the Food Lion banner completes the rollout of the program to its 1,200-store network next month, a spokeswoman for Bloom told SN yesterday. ...
Moody's Downgrades Smart & Final Ratings
NEW YORK — Moody's Investors Service here said yesterday it is downgrading its ratings for Smart & Final Holdings Corp., a Los Angeles-based warehouse-store operator, and leaving the ratings under review for possible further downgrade. ...
Penn Traffic Posts $12.4 Million Loss as Sales Dip
SYRACUSE, N.Y. – Penn Traffic here yesterday reported a loss of $12.4 million for the first fiscal quarter that ended May 3, down from a loss of $7.4 million in the year-ago quarter. ...
Supervalu to Eliminate 135 Jobs in Outsourcing
MINNEAPOLIS — Supervalu here said yesterday it has decided to partner with a third-party provider to perform certain services within its finance function — a decision that will reportedly result in eliminating 135 positions from the company's finance and accounting team....
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