Retail Financial Archive
Long Lines Mark Fresh & Easy Opening
LOS ANGELES — Customers at the Fresh & Easy Neighborhood Market’s grand opening in Glassell Park here had to stand in line yesterday to enter the store....
Delhaize Posts 5.4% Sales Growth in U.S.
BRUSSELS — Gains in customer traffic at Food Lion and Hannaford Bros. helped drive sales growth of 5.4% at Delhaize’s U.S. operations in the third quarter, the company said yesterday....
Hy-Vee Eyeing Expansion in Wisconsin
DES MOINES, Iowa — Hy-Vee here is making plans to open its first store in Wisconsin, a company spokeswoman told SN....
Marsh to Auction Excess Properties
INDIANAPOLIS — Marsh Supermarkets here said it would sell 27 “surplus properties” by auction next week....
Obama, Edwards Endorse Efforts for Tesco Talks
LOS ANGELES — Senators John Edwards and Barack Obama have endorsed the efforts of a local coalition calling on Tesco to follow through on its promise to open Fresh & Easy Neighborhood Markets in underserved areas — so-called “food deserts” — of Southern California....
Collins Set to Succeed Grottke as IGA Finance Chief
CHICAGO — IGA here said Bob Grottke will retire as chief financial officer Jan. 1 after five and a half years of service, though he will remain with the alliance through 2008 to help with the transition of his duties....
Regulators Approve Tops Sale
BUFFALO, N.Y. — Federal antitrust authorities have given their approval to Morgan Stanley’s purchase of the Tops Markets chain from Ahold....
Family Dollar Names Morgan to Board of Directors
MATTHEWS, N.C. — Harvey Morgan has been named to Family Dollar’s board of directors, the retailer here said....
Holiday Return Fraud to Hit $3.7 Billion: NRF
WASHINGTON — Loss prevention executives anticipate that nearly 9% (8.93%) of holiday returns will be fraudulent, up slightly from 8.67 percent last year, according to the National Retail Federation’s second annual Return Fraud Survey....
A&P to Fund Pathmark Deal With Metro Sale Proceeds
MONTVALE, N.J. — A&P here said it would shed the remainder of its ownership stake in Canadian retailer Metro to fund its pending purchase of Pathmark and avoid — or at least delay — the need to raise money in the debt markets to fund the deal....
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