Retail Financial Archive
Tops Names Darrington New CFO
WILLIAMSVILLE, N.Y. — Tops Markets here has named former Pathmark executive Kevin Darrington as its senior vice president and chief financial officer. Darrington most recently served as a senior vice president and chief accounting officer for Pathmark Stores. ...
Delhaize Closes Greek Deal, Announces Romanian Buy
BRUSSELS — Delhaize Group said Tuesday that it had closed on the $108.5 million purchase of Plus Hallas, a chain of grocery stores in Greece. ...
Analyst Says Tesco Reneges on Fresh & Easy Results
LONDON — A British equity analyst is taking Tesco to task for apparently reneging on a promise to break out separate results for its U.S.-based Fresh & Easy business when it reports its annual financial results on April 15. ...
Henderson Named USA Retailer of Year by IGA
CHICAGO — IGA here said Tim Henderson, owner of Henderson's IGA in Valentine, Neb., has been named 2008 USA retailer of the year. ...
Sustainability, Green Store Design Gain Favor
ARLINGTON, Va. - Reducing energy costs, sustainability and green store design are high priorities for supermarket operators, according to Food Marketing Institute Facts About Store Development 2007 survey, highlights of which were announced yesterday....
Mid-Atlantic Workers Approve Pact
BALTIMORE -- Workers at Safeway and Giant Food stores in this region voted to approve a new contract yesterday with two locals of the United Food and Commercial Workers, according to reports. ...
Duane Reade Names Lederer Chairman, CEO
NEW YORK — John Lederer, the former president of Canadian grocery giant Loblaw Cos., was has been named chairman and chief executive officer of drug chain Duane Reade Holdings here. ...
Analysts See Need for Tailored Offering at Tesco
EL SEGUNDO, Calif. — Ahead of Saturday’s announcement by Tesco that it would stop opening Fresh & Easy stores in the U.S. for the next three months to evaluate the business, analysts and observers had told SN they expect the company to make several changes at the 59-store chain, including tailoring the offering to better individual neighborhoods. ...
Noddle Calls for Collaboration on Industry Recruitment
PALM DESERT, Calif. — With 50% of corporate leadership aged 50 or above at Supervalu, Jeff Noddle, chairman and chief executive officer, said the Minneapolis-based company is striving to educate itself about the needs of its future leaders and prepare itself to meet their needs. ...
WAFC Marks 50 Years of Education Partnership
PALM DESERT, Calif. — The Western Association of Food Chains has been sponsoring the Food Industry Marketing program at the University of Southern California for 50 years — a milestone marked yesterday at the association’s annual convention here. ...
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