Retail Financial Archive
Penn Traffic Shutters Baking Division
SYRACUSE, N.Y. Penn Traffic Co. here yesterday said it would shutter its Penny Curtiss bakery operation, effective immediately, to focus on its core supermarket business....
Stater Bros. Promotes Frahm, McIntyre
SAN BERNARDINO, Calif. Longtime Stater Bros. employees George Frahm and Dennis McIntyre have been promoted to new positions, the retailer here said this week....
Industry Stocks Finish With Slight Gains
NEW YORK Supermarket stocks finished 2007 with slight gains over 2006 levels, despite falling sharply off mid-year highs in many cases. Kroger led the "big three" traditional operators with a gain of about 17%, to about $27, as of last week. ...
Safeway Workers Approve New Pact
PLEASANTON, Calif. Employees at Northern California Safeway stores approved a new contract last week, according to the United Food and Commercial Workers union. ...
WIC-Only Stores Close in Kansas
KANSAS CITY, Kan. The owner of three grocery stores that specialized in offering only products approved for sale through the U.S. Department of Agriculture's Women, Infants and Children (WIC) program here has closed all three locations, citing price competition from larger retailers, according to reports. ...
Harris Teeter Parent Inks New $450 Million Credit Pact
MATTHEWS, N.C. Ruddick Corp. here, the parent of the Harris Teeter supermarket chain, yesterday said it has entered a new, $450 million credit agreement with a consortium of banks....
Amazon Posts Best Holiday Season
SEATTLE Amazon.com here said this years holiday season was its best ever in terms of sales, with the busiest day being Dec. 10....
Fresh & Easy to Recycle Holiday Cheer
EL SEGUNDO, Calif. Fresh & Easy Neighborhood Market here is collecting used holiday cards as part of its new recycling program....
Target Forecast Sinks Retail Stocks
MINNEAPOLIS Target Corp. here issued a statement this week saying that its December same-store sales could be down as much as 1% from year-ago levels, compounding what was already projected to be a season of sluggish growth for retailers. ...
FreshDirect Workers Reject Unions
NEW YORK FreshDirect workers voted against joining a union, but the United Food and Commercial Workers will renew its push to organize the online grocer in the new year, according to reports. ...
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