Retail Financial Archive
Sinclair to Join Wal-Mart as EVP of Grocery Merchandise
BENTONVILLE, Ark. — Wal-Mart Stores has announced that Jack Sinclair has been named executive vice president of grocery merchandise for Wal-Mart in the U.S., effective today....
Kroger: India Report ‘Erroneous’
CINCINNATI — Kroger Co. here last week said that reports it was looking in to real estate deals in India were “erroneous.” ...
Delhaize Buys Greek Chain from Tengelmann
BRUSSELS — Delhaize Group here said Friday that it has agreed to acquire Greek retailer Plus Hellas from the Tengelmann Group of Germany for about $102.7 million. ...
IGA Promotes Three Executives
CHICAGO — IGA here said last week it had promoted three executives: Doug Fritsch, who joined IGA USA in May of 2005 as vice president, U.S. chief growth officer, has been promoted to senior vice president, retail and business development; David Bennett, who joined IGA USA in July of 2007 as vice president, procurement and private brands, has been promoted to senior vice president procurement and private brands; and Jim Walz, who was appointed senior director, marketing, branding and business development for IGA USA in August 2005, has been promoted to vice president, marketing, branding and business development. ...
FreshDirect: Employee Exodus Slowing Service
NEW YORK — A recent employee exodus related to a federal audit of employment records at FreshDirect is likely to slow service through the end of January, the online grocery retailer said. ...
Pathmark Sues as Property Buyer Calls Off Deal
MONTVALE, N.J. — Pathmark is suing a buyer who backed out of an $87 million offer to buy a Pathmark store lease in lower Manhattan, according to a government filing. ...
Save Mart’s President and COO to Retire, Again
MODESTO, Calif. — Bob Spengler, president and chief operating officer of Save Mart Supermarkets here, has announced his plans to retire as of today. ...
Gristedes Inks Supply Pact with Wakefern
NEW YORK — Gristedes stores have joined Wakefern Food Corp.’s burgeoning wholesale business, the companies said Wednesday....
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....
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