Retail Financial Archive

Harris Teeter Parent Inks New $450 Million Credit Pact

Dec 28, 2007

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

Dec 28, 2007

SEATTLE — Amazon.com here said this year’s holiday season was its best ever in terms of sales, with the busiest day being Dec. 10....

Fresh & Easy to Recycle Holiday Cheer

Dec 28, 2007

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

Dec 27, 2007

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

Dec 27, 2007

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. ...

Holiday Spending Down: Reports

Dec 27, 2007

Retailers’ sales rose just 2.4%, excluding gasoline, during the period between Thanksgiving and New Year’s, according to a report released this week by SpendingPulse, which uses data from MasterCard Advisors. ...

Giant Eagle Refunds Double-Billed Shoppers

Dec 26, 2007, By CHRISTINA VEIDERS

PITTSBURGH — Giant Eagle here said the majority of the several thousand customers whose credit and debit cards were double charged on Dec. 14 due to a malfunctioning third-party point-of-sale processor were fully refunded last week. ...

Settlement ‘Promising’ in A&P Video Case

Dec 26, 2007

MONTVALE, N.J. — The former A&P employees whose parody music video shot at a store got them fired and later sued are close to settling the case with the retailer here, according to one of the defendants. ...

Annual Sales Up, Profits Down for Unified

Dec 21, 2007

LOS ANGELES — New-store growth and improved performance of perishable and specialty categories lifted annual sales at Unified Grocers 6.1% to $3.1 billion, the cooperative wholesaler here said Thursday. ...