Retail Financial Archive
Kroger Buys Stake in Clinic Chain
CINCINNATI — Kroger Co. here yesterday said it has made a “significant investment” in The Little Clinic LLC “aimed at bringing walk-in medical clinics and consumer health solutions to stores across the country.”...
Gas Price Hikes Add 2% Boost to Costco Comps
ISSAQUAH, Wash. — Costco Wholesale Corp. here said yesterday that inflation in gasoline prices helped increase comparable-store sales in the U.S. by 6% during the third quarter ended May 11 — a figure that would have been up only 4% without the boost provided by fuel....
Bodega Latina Switches to Unified
COMMERCE, Calif. — Bodega Latina here will switch suppliers on June 23, moving to Unified Grocers, Los Angeles, from the California division of C&S Wholesale Grocers, Brattleboro, Vt....
Survey: CPG Companies Project Positive Revenue Growth
NEW YORK — Despite the weak economy, consumer products companies are projecting a 5.7% growth rate for the upcoming 12 months, according to PricewaterhouseCoopers’ Consumer Products Barometer, a quarterly survey of top executives in 58 large consumer products businesses....
Adams Named EVP, Operations at Tesco USA
EL SEGUNDO, Calif. — Tesco's Fresh & Easy Neighborhood Market here said yesterday that Jeff Adams has officially joined the U.S.-based management team as executive vice president of operations, a title he shares with Bryan Pugh. ...
Consumers Spending More on Groceries This Year: Survey
SEATTLE — Sixty percent of respondents to a recent online survey conducted by Allrecipes here reported they were spending more on groceries than one year ago. ...
Central Grocers, Certified Midwest to Merge
FRANKLIN PARK, Ill. — The boards of Chicago area cooperatives Central Grocers and Certified Grocers Midwest have agreed to merge the companies, officials said yesterday. ...
Dollar Tree Q1 Earnings Up on Margin Improvements
CHESAPEAKE, Va. — Cash-strapped consumers attracted by $1 merchandise helped Dollar Tree here post a quarterly net income improvement of 14.4%, the discounter said Wednesday. ...
CEO Broader Leaves Sweetbay
TAMPA, Fla. — Shelley Broader is leaving the Sweetbay Supermarket chain here effective June 15 to accept a position "in retailing outside of the supermarket industry," the Delhaize-owned chain said yesterday. ...
Bodega Latina to Buy 7 Gigante Stores
COMMERCE, Calif. — Bodega Latina Corp. here, operators of nine El Super supermarkets, said yesterday it has signed a definitive agreement to purchase the seven Southern California stores operated by Gigante USA....
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