Retail Financial Archive
Safeway Sees Momentum Building, Deflation Abating
PLEASANTON, Calif. Safeway here believes it is well positioned to benefit from an improvement in the economy, given its newly achieved price parity with other conventional chains, its distinct points of differentiation and the condition of its asset base, Steve Burd, chairman, president and chief executive officer, told an investors conference here Wednesday today....
Village Comps, Net Income Down in Q2
SPRINGFIELD, N.J. Village Super Market here on Wednesday said same-store sales were down 1.7% in the second quarter, reflecting smaller transaction sizes due to deflation and ongoing economic pressures on consumers....
Whole Foods to Sell Two Wild Oats Stores
WASHINGTON Whole Foods Market has found buyers for two of the former Wild Oats stores it must divest by order of the Federal Trade Commission, according to a filing by the FTC here. ...
Specialty Division Helps UNFI Boost Sales
PROVIDENCE, R.I. United Natural Foods here said Tuesday it will phase in at least $100 million in new sales this year from two new customers of its specialty division. ...
Wal-Mart to Pay $11.7M, Hire More Women in Settlement
INDIANAPOLIS Wal-Mart Stores will pay $11.7 million in back wages and damages, and has agreed to provide relief including jobs, as part of a settlement of a lawsuit with the Equal Employment Opportunity Commission, the agency announced here Tuesday. ...
C&S to Supply Ukrop's; Supervalu to Cut Jobs
CARLISLE, Pa. The 25 Ukrop's stores in greater Richmond, Va., recently acquired by Giant-Carlisle will be switching suppliers, the company said Tuesday. ...
Last of Boys Markets Founders Dies at 95
PALM SPRINGS, Calif. Services are scheduled here Wednesday for Al Goldstein, the last survivor of the six brothers who founded Boys Markets in 1924. ...
Twin Cities Workers Approve Labor Pact
PLYMOUTH, Minn. Workers at about 20 Cub Foods, Lund Food Holdings and Fresh Seasons Market stores in the Minneapolis area approved a new, three-year contract Sunday that holds wages at current levels, maintains health care funding and reduces pension contributions, according to local reports....
Publix Posts Q4 Earnings Gain; Cap-Ex to Drop
LAKELAND, Fla. Publix Super Markets saw net earnings increase by 14.1% in the fourth quarter despite a comparable-store sales decline of 2.5%, the company reported Monday. ...
Talks to Continue for Stop & Shop, Unions
QUINCY, Mass. Contract talks between Stop & Shop and five unions representing its workers in New England are scheduled to continue this week, the retailer here said....
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