Retail Financial Archive
Supermarkets Could Pick Up $2 Billion From Stimulus Spending: Report
NEW YORK — Goldman Sachs here estimated that supermarkets could pick up 7% of the stimulus checks the government will issue next month, or close to $2 billion during the second and third quarters....
Stater Donates $50,000 to Teen Shelter
SAN BERNARDINO, Calif. — Stater Bros. Charities — the newly established philanthropic arm of Stater Bros. Markets here — made its first donation last week: a $50,000 check to SafeHouse of the Desert, a local chapter of Operation SafeHouse, which offers emergency youth shelter for homeless children aged 11 to 18. ...
Buehler Foods Agrees to Sell Stores to Houchens
JASPER, Ind. — Buehler Foods here told SN on Friday that its stores will continue to operate under the Buehler Buy-Low name following their sale to Houchens Industries, Bowling Green, Ky....
Safeway Sees Corporate Brands Outpace National Brands
PLEASANTON, Calif. — Safeway here said yesterday that growth in corporate-brand sales is outpacing growth in national brands by a factor of 4 to 1 storewide and 6 to 1 in the center of the store — "the strongest evidence that consumers are trading down and looking for value," according to Steve Burd, chairman, president and chief executive officer. ...
Nash Finch Doubles Profits in Q1
MINNEAPOLIS — Buying ahead of rapid food-cost inflation and taking advantage of an early Easter holiday, Nash Finch boosted inventories and profits during the first quarter, which ended March 22. ...
Supervalu Announces Stimulus Check Bonus Program
MINNEAPOLIS — Supervalu here on Thursday announced a program to provide added value to gift cards purchased with tax-refund or government-issued economic stimulus checks. ...
Weis Sets $80 Million Cap-Ex Program
SUNBURY, Pa. — Weis Markets plans to spend around $80 million in capital over the next 12 months, with three-quarters of the total going toward its store base, officials said Wednesday at the retailer’s annual meeting here....
FMI Teams With Europeans to Improve Food Safety
ARLINGTON, Va. — The Food Marketing Institute here, the German Retail Federation and the French Wholesale and Retail Federation yesterday announced a partnership to develop harmonization between the European International Food Standards (IFS) and the United States-based Safe Quality Food (SQF) program to strengthen food safety and quality certification standards....
Sam’s Club Limits Rice Purchases
BENTONVILLE, Ark. — Sam’s Club here is rationing rice at all locations where quantity restrictions are allowed by law because of “recent supply and demand trends,” according to reports....
Rishton: Ahold ‘Vigilant’ on Prices in Fiscal ’08
AMSTERDAM — Ahold will remain “vigilant about the changing economic environment and rising food prices,” in fiscal 2008, John Rishton, chief executive officer of Ahold, told shareholders at the retailer’s annual meeting Wednesday....
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