Retail Financial Archive
Food Leads Comp Sales in Costco 4Q
ISSAQUAH, Wash. — Costco here said yesterday that food was one of the bright spots during its fourth quarter, which ended Aug. 31, with positive comparable-store sales numbers, compared with comps that were flat to -10% in most nonfood categories, including furniture, jewelry, electronics, housewares and domestics. ...
Ellwood Thompson’s Signs Lease for D.C. Store
RICHMOND, Va. — Ellwood Thompson’s Local Market, the largest independent natural grocery in Virginia, is expanding into Washington, D.C., the company said Tuesday. ...
Food Lion to Unveil Virginia Renovations
SALISBURY, N.C. — Forty-three stores renovated by Food Lion in Virginia will celebrate grand reopenings today, the retailer here said. ...
Safeway Sees Earnings Gains From Price Investments
PLEASANTON, Calif. — Safeway here said yesterday it believes savings from ongoing cost reductions that it invests in lower prices will enable it to grow earnings, despite perceptions to the contrary. ...
Unions, Loblaw Reach Tentative Deals; One Local Signs
TORONTO — One local union in Western Canada settled with Loblaw while two others are scheduled to vote on tentative contract settlements, United Food and Commercial Workers Canada said....
GMA Establishes CFO Group
WASHINGTON — The Grocery Manufacturers Association has formed a Chief Financial Officer Committee made up of financial professionals from CPG companies....
Haggen Founder Dies at Age 99
BELLINGHAM, Wash. — Dorothy Haggen, co-founder of supermarket chain Haggen Inc., died here Sunday, the company said yesterday. She was 99....
Ackerman Gets CFO Post at Save Mart
MODESTO, Calif. — Save Mart Supermarkets here has confirmed the appointment of Stephen Ackerman as chief financial officer....
Brookshire to Develop ‘Fresh’ Format Store
TYLER, Texas — Brookshire Grocery Co. said last week that it would develop a new concept store — to be known as Fresh by Brookshire’s — near its headquarters here. ...
Retail Food Prices Up 4% in Q3, Farm Bureau Reports
WASHINGTON — Retail food prices at the supermarket increased by about 4% during the third quarter and 10.5% from the third quarter a year ago, according to the American Farm Bureau Federation's Marketbasket Survey. ...
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