Retail Financial Archive
A&P Closes Pathmark Deal
MONTVALE, N.J. — A&P here on Monday said it has completed its purchase of rival Pathmark, creating a 450-store, $9.4 billion chain with market share leadership in the Northeast....
Sprouts to Expand to Colorado
PHOENIX — Sprouts Farmers Market, a specialty natural and organic retailer based here, will expand into Colorado in 2008, the company said on its website. ...
United Natural Increases Credit Facility
DAYVILLE, Conn. — United Natural Foods here said it has reached an agreement with its banks to increase its credit facility to $400 million. ...
Safeway, Unions Reach Agreement in N. Calif.
PLEASANTON, Calif. — Safeway here said yesterday it has reached a tentative agreement on a new contract with four locals of the United Food and Commercial Workers union in Northern California. ...
Industry Profit Margins Up on Cost Controls: FMI
ARLINGTON, Va. — Food retailers overcame sharp increases in energy, health care and other costs to post a median after-tax net profit of 1.91% in fiscal year 2006-2007, up from 1.46% the previous year, according to Food Marketing Institute’s Annual Financial Review 2006-2007, released yesterday....
Hannaford to License Guiding Stars
BRUSSELS — Hannaford Bros. is gearing up license the Guiding Stars nutritional shelf-labeling system to other retailers, Ron Hodge, chief executive officer of Hannaford, said yesterday at an analyst meeting hosted by the chain’s parent company, Delhaize Group, based here....
Marsh Property Sales Valued at $12 Million
INDIANAPOLIS — Marsh Supermarkets here will reap about $12 million from the sale of 25 surplus properties, according to the auctioneer who conducted the sale. ...
Hall Named Chair of Independent Brokers
LAKELAND, Fla. — Jim Hall, president of Riteway Sales and Marketing here, has been named as the new chair of Independent Food Brokers, a division of NARMS International, the brokers' group said yesterday....
Dollar Tree Preparing for Sales Pressures
CHESAPEAKE, Va. — Dollar Tree Stores here said sales of back-to-school and Halloween items helped lift sales by 9.6% and earnings by 19% during the fiscal third quarter that ended Nov. 3....
King Kullen Said Poised to Take Staten Island Sites in A&P Deal
BETHPAGE, N.Y. — King Kullen Grocery Co. here is poised to take over four Waldbaums stores and one Pathmark site in the New York borough of Staten Island as a result of antitrust requirements in A&P’s pending takeover of Pathmark, sources told SN. ...
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