Retail Financial Archive

Ohio Grocers to Honor Lofino 

COLUMBUS, Ohio — The Ohio Grocers Association here said it has named Mike Lofino, owner of Lofino Food Stores, Beavercreek, as its latest inductee into the Ohio Grocers Hall of Fame....

Couche-Tard Slams Casey’s ‘Outrageous’ Debt Placement 

MONTREAL — Alimentation Couche-Tard here returned volley from takeover target Casey’s General Stores on Thursday, calling the latter’s private debt placement “outrageous” and pretext for a “coercive financing arrangement” that would impede takeovers....

Safeway Launches Program to Raise School Funds 

PLEASANTON, Calif. — Safeway here said Wednesday it is launching its sixth annual "10% Goes Back to Schools" program — an in-store initiative in which more than 150 food manufacturers help support schools and students throughout the U.S....

Easter, Economy Hit Gelson’s Sales 

LOS ANGELES — Arden Group here, parent of the 18-unit Gelson's chain, said second-quarter sales were negatively impacted by the earlier Easter and Passover holidays this year, as well as economic conditions and competition....

Wal-Mart Donates to Green Building Project 

BENTONVILLE, Ark. — The Walmart Foundation here said it will donate $2.6 million to YouthBuild USA, a Boston-based program that supports education and job training for low-income youth while giving them the opportunity to earn a high-school diploma or General Educational Development (GED) equivalent....

Stater Q3 Income, Sales Drop 

SAN BERNARDINO, Calif. — Stater Bros. Holdings here said Tuesday it is continuing to sacrifice gross profit in the short term to retain customer loyalty in the long term....

Casey's Completes Financing for Recap Plan 

ANKENY, Iowa — Casey's General Stores has completed a private debt placement designed to finance a $500 million recapitalization that it hopes will turn away a hostile takeover....

Bashas' Expects Chapter 11 Ruling 'Within a Week' 

CHANDLER, Ariz. — Bashas' here said Monday it anticipates a decision on its reorganization plan "within a week or so" following closing arguments earlier in the day in U.S. Bankruptcy Court in Phoenix....

Bi-Lo on the Block: Source 

GREENVILLE, S.C. — Bi-Lo, the supermarket chain that recently emerged from Chapter 11 bankruptcy protection, is again up for sale and has drawn interest from competitors Kroger and Publix, a source with knowledge of the situation told SN Tuesday. ...

Publix Testing Curbside Service 

LAKELAND, Fla. — Publix Super Markets has launched a test of curbside pick-up service at a store in Atlanta and plans to expand it to an additional store in Tampa, Fla., shortly....

UFCW Leader Petronella Dies 

NEW CANAAN, Conn. — Services are scheduled here Wednesday for Brian Petronella, the longtime president of United Food and Commercial Workers Local 371, who died Friday at age 54, the Westport, Conn.-based union said....

Whole Foods Refills Its New-Store Pipeline 

AUSTIN, Texas — Whole Foods Market here is ratcheting up the number of new-store openings as it re-accelerates an aggressive growth program. After a period...

Mixing Meals & Medicine 

Honey, I'll stop at Walgreens on the way home and pick up dinner. That might not be a commonly heard statement today, but it could become more prevalent...

Vons Credit Union Acquires Another 

EL MONTE, Calif. — The Vons Employees Federal Credit Union here — an independent entity from Vons Grocery Co., the Southern California division of Pleasanton, Calif.-based Safeway — said it has acquired another independent federal credit union that liquidated its assets....

Meijer Opens Replacement for Original Store 

GRAND RAPIDS, Mich. — Meijer has opened a replacement for its oldest store here....

Raley's Plans Discount Conversion 

ELK GROVE, Calif. — Raley's Supermarkets is planning to convert a store here to its Food Source warehouse banner, according to reports, as a wave of new competition prepares to enter the chain's core Sacramento market....

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