Retail Financial Archive
Delhaize Confirms 2008 Outlook
BRUSSELS — Delhaize Group here, parent of the Food Lion, Hannaford Bros. and Sweetbay chains in the U.S., at its annual shareholders’ meeting yesterday confirmed its financial outlook for the year, in which profit gains are weighted toward the second half. ...
Mackey Issues Apology
AUSTIN, Texas — John Mackey, chairman and chief executive of Whole Foods Market here, this week issued an online apology in his blog on the company's website for the trouble he caused though his pseudonymous postings on the Yahoo stock message board. ...
Bush Vetoes Farm Bill, Override Expected
WASHINGTON — President Bush yesterday vetoed the 2007 Farm Bill, describing it as bloated with federal subsidies for wealthy commodity crop growers....
BJ’s Posts Strong Quarter, Raises Guidance for Year
NATICK, Mass. — Stock in BJ’s Wholesale Club was down Wednesday after the club retailer here reported robust first-quarter sales and earnings but a modest forecast for the balance of the year....
Local Food Bank Benefits From FMI Exhibitors
LAS VEGAS — The Las Vegas Three Square Food Bank received 118,000 pounds of food donated by exhibitors at the Food Marketing Institute and United Fresh Market shows held here earlier this month, according to America’s Second Harvest, the network of food banks based in Chicago....
A&P Heir Dead at 97: Reports
LYFORD CAY, Bahamas — Huntington Hartford II, the A&P heir noted for extravagantly spending a fortune on money-losing ventures and costly divorces, died at his home here at age 97, reports said Tuesday. ...
Unified Launches Natural Directions Line
LOS ANGELES — Unified Grocers here said yesterday its new natural and organics product line — Natural Directions — "has been selling like hotcakes" since its initial introduction three weeks ago....
United Natural Sees Shares Climb on Profit Gains
DAYVILLE, Conn. — United Natural Foods here yesterday saw its stock price rise nearly 12% after it showed some earnings improvement and reaffirmed its guidance for the year. ...
Aldi Plans Texas Warehouse
DENTON, Texas — Limited-assortment retailer Aldi plans to open its first Texas warehouse here within the next 18-24 months, a spokeswoman for the chain told SN yesterday....
Bashas’ to Halt Home Deliveries
CHANDLER, Ariz. — Bashas’ here said it will cease home delivery of groceries after May 31 as “part of our plan to streamline our operations due to the current economic turndown.”...
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