Retail Financial Archive

‘Business as Usual’ at Balducci’s Despite Bear Woes

Mar 21, 2008

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

Mar 21, 2008

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

Mar 21, 2008

GREENVILLE, S.C. — Bi-Lo Holdings opened its first Super Bi-Lo store in North Carolina Wednesday. ...

Hannaford Defends Timing of Data Breach Disclosure

Mar 20, 2008, By MICHAEL GARRY

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

Mar 20, 2008

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....

Central Grocers Co-op Eyeing Move

Mar 20, 2008

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

Mar 20, 2008, By ELLIOT ZWIEBACH

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....