Retail Financial Archive
Fegan Moves From Ahold to Winn-Dixie
QUINCY, Mass. John Fegan, the well-known senior vice president of pharmacy at Ahold USA here, will leave the company next week to become vice president of pharmacy at Winn-Dixie Stores, Jacksonville, Fla....
G-WIN Forges Hundreds of Ideas for Innovation
MINNEAPOLIS A year after General Mills began seeking partnerships with entrepreneurs, inventors, universities and other food companies as part of its Worldwide Innovation Network, the company is announcing that G-WIN has generated hundreds of concepts for patented technologies and potential products....
Three Groups Hope to Join to Improve Industry Standards
DUSSELDORF, Germany Members of the executive board of the Global Commerce Initiative voted here late last week on whether to join two other organizations in creating a new trade entity designed to set global priorities and standards to help the industry operate more efficiently. ...
Wistreich Buys Trucking Business
WESTMINSTER, Vt. Carl Wistreich, a former executive with C&S Wholesale Grocers, Brattleboro, Vt., has purchased L&B Truck Services, a full-service truck repair shop and parts supplier with locations here and in Westfield, Mass....
Wal-Mart Website Seeks Marketside Employees
BENTONVILLE, Ark. Wal-Mart Stores here has launched a new website WorkforMarketside.com to recruit employees for the new small-format stores it plans to open later this year in the Phoenix area....
FMI Applauds House Interchange Hearing
ARLINGTON, Va. The House Judiciary Committee Task Force on Competition Policy and Antitrust Laws on Thursday held a hearing on a proposed legislation that would allow retailers and the market to have a say in fees charged by credit card companies, according to the Food Marketing Institute here. ...
Safeway Debuts New Small Format
LONG BEACH, Calif. Safeway has opened the first location of The Market, a small-format store the retailer intends to use as an option to renovate older stores and potentially expand into new locations. ...
Wal-Mart Donating Money, Supplies to China
BENTONVILLE, Ark. Wal-Mart Stores here said yesterday it is providing approximately $430,000 in disaster relief and reconstruction for parts of central China affected by Mondays earthquake....
Comp, Margin Gains Grow Spartan Earnings
GRAND RAPIDS, Mich. Combining comparable-store sales gains of 5.2% with improved gross margins in its distribution business, Spartan Stores here grew net earnings in its fiscal fourth quarter, ended March 29, by 11.6% to $8.1 million....
White House Says Global Food Prices to Remain High
WASHINGTON A White House official yesterday told Reuters that high global food prices will likely be a persistent problem for the next two to three years, as the world replenishes depleted stores of grains and soybeans....
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