Retail Financial Archive
Loblaw: No Changes in Top Management
TORONTO — Loblaw Cos. here said last week it plans no changes in its top management, after a recent report indicated that the current team could be broken up. ...
Safeway Appoints New Board Members
PLEASANTON, Calif. — Safeway Inc. announced the appointment of Frank Herringer and Kenneth Oder to the company’s board of directors, expanding the board from nine to 11 members. ...
Competition Pressures Sales at Arden Group
LOS ANGELES — Arden Group, parent of the 18-unit Gelson's Markets chain here, on Friday said in a filing with the Securities and Exchange Commission that competitive pressures impacted the company’s sales in 2007, offset to some degree by inflation....
AG New England Forms C-Store Division
PEMBROKE, N.H. — Associated Grocers if New England here on Friday said it has formed a new division focused on distribution to convenience stores. ...
Ahold USA Finding Leverage With Vendors
AMSTERDAM — As Ahold here continues to reduce pricing and inventory levels at two of its U.S. chains, it is gaining an edge in dealing with vendors, Lawrence Benjamin, president and chief operating officer of the U.S. operations, said yesterday....
Village Tempers Outlook for Third-Quarter Sales
SPRINGFIELD, N.J. — Village Super Market here, which operates 25 ShopRite stores in New Jersey, this week said it expects same-store sales in the current quarter to be impacted by “cautious” behavior on the part of consumers....
Delhaize Takes $18.6M Charge for Sweetbay
BRUSSELS — Delhaize Group here said yesterday that it took an impairment charge of $18.6 million for the value of 25 Sweetbay stores, indicating those locations are not meeting financial projections....
Food Lion Launches New Vendor Program
SALISBURY, N.C. — Food Lion introduced last week what it described as the next evolution of vendor collaboration....
Congress Proposes Law Regulating Credit Card Fees
WASHINGTON — The House Judiciary Committee yesterday introduced legislation that calls for merchants, credit card companies and banks to negotiate transaction fees that would be set for three years at a time, according to Food Marketing Institute, which has been pushing for Congress to take action on the fees....
Food and Fresh Categories Lead Costco Sales
ISSAQUAH, Wash. — Sales in the food-sundries and fresh categories at Costco Wholesale Corp. here led all other product groups during the second quarter, which ended Feb. 17, Richard Galanti, executive vice president and chief financial officer, told analysts yesterday during a conference call to discuss the company's financial results....
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