Retail Financial Archive
WAFC Marks 50 Years of Education Partnership
PALM DESERT, Calif. — The Western Association of Food Chains has been sponsoring the Food Industry Marketing program at the University of Southern California for 50 years — a milestone marked yesterday at the association’s annual convention here. ...
Penn Traffic Gets Extensions on Credit Agreements
SYRACUSE, N.Y. — Penn Traffic Co. here said it has secured extensions to its existing credit agreements, which were set to expire April 13. ...
Giant Stores Close for Union Vote
LANDOVER, Md. — Giant Food Stores here will close most of its stores from 10:30 a.m. to 2:30 p.m. today to allow employees who are members of United Food and Commercial Workers Locals 400 and 27 to vote on a new contract agreement that was reached over the weekend, a Giant spokesman told SN yesterday. ...
Analysts See Need for Tailored Offering at Tesco
EL SEGUNDO, Calif. — Ahead of Saturday’s announcement by Tesco that it would stop opening Fresh & Easy stores in the U.S. for the next three months to evaluate the business, analysts and observers had told SN they expect the company to make several changes at the 59-store chain, including tailoring the offering to better individual neighborhoods. ...
Tesco Eying Sites in Russia: Report
CHESHUNT, England — Tesco here is scouting for potential supermarket sites in Russia, according to a report on Friday....
GMDC’s Doug Blough Dead at 58
COLORADO SPRINGS — Doug Blough, the longtime director of communications for the Global Market Development Council here, has lost his fight with pancreatic cancer at the age of 58....
Dollar General CEO Sets New Path for Growth
GOODLETTSVILLE, Tenn. — Dollar General here intends to slow new store growth and focus on improving its existing fleet through development of private label, more sophisticated pricing and merchandising strategies, and efforts toward a stronger brand image and a consistent store experience, its new chief executive officer said....
Affiliated Foods Midwest to Open Wisconsin DC
NORFOLK, Neb. — Affiliated Foods Midwest here is planning to expand into a 700,000-square-foot distribution center to be built in Kenosha, Wis....
Tops Receives Grant to Help Fund Expansion
WILLIAMSVILLE, N.Y. — Tops Markets will receive a $1.2 million New York state grant to assist its transition from a shared services agreement with Ahold to local accounting, purchasing and information services, the company and state officials said yesterday....
7-Eleven Plans New Fresh Offerings
DALLAS — 7-Eleven here said it plans to introduce a variety of new fresh items through the spring and summer at its stores nationwide, including energy drinks and candy-flavored Slurpees; iced coffees in mocha and French vanilla flavors; a new hot chocolate and reformulated hot coffee blends; focaccia sandwiches; a three-cheese bite (sausage with three cheeses); chicken fajitas; gourmet sandwiches and wraps; a new variety of Jazz apples from New Zealand; and various baked goods, including chocolate coconut macaroons, M&M brownies and rich chocolate donuts....
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