Retail Financial Archive
‘Business as Usual’ at Balducci’s Despite Bear Woes
NEW YORK — The sudden collapse of Bear Stearns should have no immediate effect on retailer Balducci’s, which is owned by a private equity fund affiliated with the beleaguered investment bank. ...
Reward Increased in Redner Murder Case
SPRING TOWNSHIP, Pa. — Donors this week have more than doubled the reward, to $45,000, for information leading to an arrest in the murder of Redner’s Markets executive Gary Redner, reports said Thursday. ...
Super Bi-Lo Debuts in Charlotte Market
GREENVILLE, S.C. — Bi-Lo Holdings opened its first Super Bi-Lo store in North Carolina Wednesday. ...
Central Grocers Co-op Eyeing Move
FRANKLIN PARK, Ill. — Central Grocers, a cooperative wholesaler based here, is looking to move to a larger site by next year, its chief executive officer told SN yesterday....
Cost-U-Less Helps Boost North West Co. Results
WINNIPEG, Manitoba — The North West Co. here said yesterday the acquisition of Cost-U-Less in December, combined with strong sales growth in northern Canada, helped boost sales for the fourth quarter ended Jan. 31 by 21.1% to $313.4 million (U.S.), including a 19.4% jump in overall food sales....
Hannaford Defends Timing of Data Breach Disclosure
SCARBOROUGH, Maine — Some observers believe Hannaford Bros. here waited too long to inform consumers of the security breach that exposed 4.2 million credit and debit cards to fraudulent misuse and led to about 1,800 cases of fraud so far. ...
Wal-Mart Opens Largest Store
ALBANY, N.Y. — Wal-Mart Stores has opened its largest U.S. supercenter here by combining it with a closed Sam’s Club location, according to reports....
Grocery Store Opens in Downtown Pittsburgh
PITTSBURGH — The opening of the Rosebud Fine Food Market and Deli here yesterday marked the return of grocery retailing to the downtown area of the city know as the “golden triangle” after several years without a food store, reports said. ...
Wal-Mart Gets OK to Buy Rest of Seiyu
TOKYO — Seiyu, the Japanese retailer, yesterday said its shareholders approved the previously announced acquisition of the remaining shares of the company by Wal-Mart Stores, Bentonville, Ark....
Fresh & Easy to Accept American Express
EL SEGUNDO, Calif. — Fresh & Easy Neighborhood Market here, the U.S.-based operation of U.K.-based Tesco, said yesterday it will now accept American Express cards at all 59 stores in response to customers’ requests....
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