Retail Financial Archive
Talks Break Down in Ukrop’s Deal: Source
RICHMOND, Va. — Ukrop’s Super Markets here is in limbo again after the private equity group that entered into exclusive negotiations to purchase the chain dropped out of the bidding, sources told SN last week. ...
D’Agostino’s Back on Radio With Price Ads
NEW YORK — D’Agostino’s Supermarkets is planning to launch its first radio ad campaign in 10 years this Wednesday with humorous spots that call attention to sharp pricing on certain items. ...
Sales, Earnings Slow for Village
SPRINGFIELD, N.J. — Same-store sales growth slowed and net income decreased at Village Super Markets here during the fourth quarter, and the company expected those trends would continue into the 2010 fiscal year. ...
Giant of Landover, Stop & Shop Win Retail Excellence Award
QUINCY, Mass. — SN has named Stop & Shop and Giant of Landover the winners of the 2009 Retail Excellence Award, sponsored by Kraft Foods. ...
Winn-Dixie Taps Firm for Alabama Remodels
ORLANDO, Fla. – Cuhaci & Peterson Architects said yesterday it has been awarded a contract to design the remodeling of two Winn Dixie supermarkets in Alabama. ...
Spartan to Shutter Zucca's: Report
BATTLE CREEK, Mich. — Spartan Stores plans to shutter its upscale Zucca's store here, according to reports. ...
Union Pickets 3 Fresh & Easy Stores
ROSEVILLE, Calif. — Union representatives said they have begun "informational picket lines" at three Fresh & Easy locations around Bakersfield, Calif....
Hockin Wins NGA Industry Service Award
ARLINGTON, Va. — The National Grocers Association here has presented its Industry Service Award to Russ Hockin, senior vice president, cross-channel operations and business development, for the Kellogg Co., Battle Creek, Mich. ...
S&P Upgrades Kroger Credit Rating to BBB
NEW YORK — Standard & Poor’s here on Wednesday said it has raised its corporate credit rating on Kroger Co. by one notch, from BBB- to BBB. ...
Food Lion Completes SC Remodels
SALISBURY, N.C. — Food Lion here yesterday said it has remodeled 31 stores in Columbia, S.C., and Florence, S.C., as part of Food Lion’s ongoing “Take A Fresh Look” market-renewal efforts....
Mac Naughton Named Merchandising Chief at Wal-Mart Canada
MISSISSAUGUA, Ontario — Duncan Mac Naughton, who resigned this week from his role as an executive vice president at Supervalu, begins a new job as chief merchandising officer at Wal-Mart Canada next month, a spokeswoman for the retailer here told SN Tuesday. ...
Brookshire Buys Minyard Store, Adds Rx
TYLER, Texas — Brookshire Grocery Co. here said yesterday it has acquired a single Minyard Food Store location in Seagoville, Texas, and will relocate its current store in that market to the new location. ...
Loblaw Completes T&T Supermarkets Buy
TORONTO — Loblaw Cos. here on Monday said it has closed on its acquisition of T&T Supermarkets, a Vancouver, British Columbia-based Asian supermarket chain. ...
Dollar General IPO to Fund Store Growth, Reduce Debt
GOODLETTSVILLE, Tenn. — Dollar General is seeking to raise up to $750 million in an initial public offering that would reduce debt and help fund growth including the potential to more than more double its 8,500 stores....
Brookshire Buys Kaine’s Gorcery
LUFKIN, Texas — Brookshire Brothers here has acquired Kaine’s Grocery, a store located in Buna, Texas, the companies said last week. ...
Shoppers Won’t Sacrifice Quality: Study
ARMONK, N.Y. — American consumers are changing the way they shop, but are unwilling to sacrifice quality, value and nutrition to save money, despite the recession, and are unlikely to change once the recession ends, according to a study by the IBM Institute for Business Value here. ...
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