Retail Financial Archive
ConAgra Says It’s Just a Witness in Federal Probe
OMAHA, Neb. — ConAgra Foods’ role in the Department of Defense’s investigation into possible corruption surrounding deals food suppliers made with the Army’s primary food contractor for the war in Iraq is limited to that of a witness, according to a statement released here yesterday by the manufacturer....
Pathmark to Pilot Combined Loyalty/Debit Card
CARTERET, N.J. — Pathmark Stores here has entered into an agreement with HSBC Finance Corp.’s card and retail services business, Prospect Heights, Ill., to offer a multipurpose rewards and payment card to its supermarket customers....
A&P 2Q Comps at 6-Year High
MONTVALE, N.J. — A&P here reported comparable-store sales gains of 3.2% during the fiscal second quarter ended Sept. 8 — results the retailer said mark its best quarterly comps in six years and provide momentum for its upcoming merger with Pathmark. ...
Supervalu on Target for Synergy Goals: Noddle
MINNEAPOLIS — Supervalu here said yesterday it is on track to deliver the full measure of post-acquisition synergies in 18 months, despite disappointing identical-store sales during its fiscal second quarter, which ended Sept. 8....
BJ’s to Search for Zarkin’s Successor
NATICK, Mass. — BJ’s Wholesale Club here is seeking a chief operating officer to groom for its top spot, the company told analysts in a meeting Tuesday....
Montana Unions, Chains Reach Tentative Pact
BUTTE, Mont. — Union-represented workers at Albertsons and Safeway stores across Montana have reached tentative agreement on a new three-year contract, ending more than a year of negotiations, the United Food and Commercials Workers union said Tuesday....
IGA Opens Global Summit to All Members
CHICAGO — IGA here said it is opening its annual Global Summit to all of its members as part of an effort to provide a better networking experience....
GMDC Names Spartan’s Bakewell to Board of Directors
COLORADO SPRINGS — The Global Market Development Center here, also known as GMDC, has named Karen Bakewell, director of GM/HBC merchandising with Spartan Stores, Grand Rapids, Mich., to its board of directors....
BJ’s Stock Falls on Eve of Analysts’ Meeting
NATICK, Mass. — The stock of BJ’s Wholesale Club here fell about 4% yesterday after an analyst downgraded the company, citing slowing traffic at the chain....
Union Workers Approve New Meijer Contract
GRAND RAPIDS, Mich. — United Food and Commercial Workers Local 951 approved a new contract with Meijer Inc., based here, with an 80% vote....
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