Retail Financial Archive
Fresh & Easy Sets Dec. 2 Fresno Debut
EL SEGUNDO, Calif. — Fresh & Easy Neighborhood Market here, a division of United Kingdom-based Tesco, said it plans to open its northernmost California store in Fresno on Dec. 2, with three more Fresno locations scheduled to open on Jan. 13....
Mi Pueblo Set to Open in Palo Alto
SAN JOSE, Calif. — Mi Pueblo Food Center here said it plans to open the first and only full-service supermarket in East Palo Alto on Saturday – the first supermarket to open in the densely populated, low-income community in 23 years, according to Perla Rodriguez, a spokeswoman for the 13-store chain. ...
Unified Borrows $25 Million for Refinance
LOS ANGELES — Unified Grocers here said yesterday it has closed a transaction to borrow an additional $25 million from John Hancock Life Insurance Co., Boston. ...
Arden Sees Comps Fall 9.1% in Q3
LOS ANGELES — Arden Group, parent company of Gelson's Markets, Encino, Calif., said it is implementing new marketing programs to retain and attract customers in the face of increased competition that generally reduced its financial results for the third quarter. ...
Improved Productivity Boosts Wal-Mart Results
BENTONVILLE, Ark. — Wal-Mart Stores here said yesterday increased productivity and improved inventory management resulted in a better customer experience and contributed to improved financial results for the third quarter, which ended Oct. 31. ...
Roundy’s Settlement Boosts Nash Finch’s Q3
MINNEAPOLIS — Stock in Nash Finch here gained 7.2% Thursday after the company posted a 185.3% increase in quarterly earnings, boosted by the aftereffects of a court settlement with Roundy’s....
Investor Pleads Guilty in Albertsons Trade Fraud
NEW YORK — A banker who executed trades against confidential information that Albertsons would be sold pleaded guilty to charges of conspiracy and securities fraud, federal investigators here said....
Berkshire Completes Investment in Grocery Outlet
BERKELEY, Calif. — Grocery Outlet here told SN this week that Berkshire Partners, Boston, has carried through on plans to make an equity investment in the extreme-value discount chain, as reported last month. ...
Topco Names Popoola VP, Quality Assurance
SKOKIE, Ill. — Private label buying cooperative Topco Associates said Howard O. Popoola has joined the company as vice president, quality assurance. ...
10 Save-Mart Employees Win $10,000 Each
MODESTO, Calif. — Save Mart Supermarkets here said it will reward 10 employees with cash prizes of $10,0000 each for delivering excellent customer service and fostering a friendly shopping experience for customers....
Stew Leonard’s Celebrates 40th Anniversary
NORWALK, Conn. – Stew Leonard Sr., the milkman who turned a small dairy store into a chain of unique supermarkets bearing his name, celebrated the 40th anniversary of its founding at its flagship store here Tuesday. ...
Winn-Dixie Shareholders Seek Buyback or Sale
JACKSONVILLE, Fla. — A group of Winn-Dixie shareholders has asked the company to buy back shares of its stock to increase the share price, or else look for an investor to buy the company outright. ...
Wal-Mart Restructures Asda Ownership
LONDON — Wal-Mart has shifted the ownership of its Asda division here to be under the purview of a different subsidiary, according to reports yesterday....
SuperTarget ‘P-Fresh’ Arrives in Texas
MINNEAPOLIS — Target Corp. here has begun rolling out its “p-fresh” grocery model in Texas, according to local reports. ...
Operation Wellness: Health Advocates
Food retailers are on the front lines of the battle to improve health and wellness. In Operation Wellness, SN profiles eight industry leaders in health care, and explores other topics, such as diabetes, seafood and heart health. ...
Sedano’s Expands to Orlando With Albertsons Purchase
MIAMI — Sedano’s Supermarkets here said Friday that it would expand to the Orlando market for the first time with the purchase of three Albertsons stores there. ...
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David Orgel: 
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