Retail Financial Archive

Vowles Joins Modiv Media's Board

Jun 5, 2009

QUINCY, Mass. — Stephen Vowles, senior vice president for Stop & Shop/Giant Landover, has joined Modiv Media's board of directors....

Supervalu, Truckers Reach Agreement

Jun 5, 2009

MINNEAPOLIS — Supervalu has agreed to amend certain policies that truck drivers said forced them to bear the cost of unloading cargo at Supervalu warehouses. ...

Aldi Planning Georgia Warehouse

Jun 5, 2009

Discounter Aldi here is reportedly looking to build a 789,000-square-foot warehouse in Georgia. ...

AG New England Hires Tutu, Others

Jun 5, 2009

MANCHESTER, N.H. — Associated Grocers of New England here said it has named Raymond Tutu vice president of non-member business development following the acquisition by Associated of Tutu's former company, Manchester Wholesale Distributors, a convenience store wholesaler based here....

New Credit Card Bill in House

Jun 5, 2009

WASHINGTON — A bill introduced in the House yesterday would allow retailers to bargain collectively with Visa and MasterCard and the banks that issue their credit cards to establish interchange fees. ...

Price Chopper Sues Giant Over Ads

Jun 5, 2009, By JESSICA ASSIMON

SCHENECTADY, N.Y. — Price Chopper Supermarkets is suing Binghamton Giant Food Markets for $20 million for allegedly stealing trade secrets. ...

Village Posts Sales, Earnings Gains in Q3

Jun 4, 2009, By JON SPRINGER

SPRINGFIELD, N.J. — Consumers shopped often, but shopped cautiously during the fiscal third quarter at stores operated by Village Super Market, the company here said Wednesday. Village, a member of the Wakefern Food cooperative, operates 26 ShopRite stores in Pennsylvania and New Jersey....

Niemann Foods to Acquire C-Store Chain

Jun 4, 2009

QUINCY, Ill. — Niemann Foods here has agreed to acquire 16 convenience stores operating under the Pick-A-Dilly banner from Big River Oil, Hanniball, Mo. ...

NY Grocers to Pay Back Wages to Baggers

Jun 4, 2009

NEW YORK — Six supermarkets here have agreed to pay more than $300,000 in back wages to baggers after an investigation by the state Department of Labor, the DOL said. ...

Sales, Profits Soar at Dollar General in Q1

Jun 3, 2009, By JON SPRINGER

GOODLETTSVILLE, Tenn. — A influx of new customers, as well as more frequent visits from returning shoppers, sent sales and profitability soaring for Dollar General in its fiscal first quarter, the retailer said Tuesday....

UFCW Locals 21, 44 Approve Merger

Jun 3, 2009

SEATTLE — United Food and Commercial Workers Locals 21 and 44 have agreed to a merger. ...

United Natural Posts Q3 Profit Gains

Jun 3, 2009, By MARK HAMSTRA

DAYVILLE, Conn. — United Natural Foods here yesterday said expense controls and lower fuel costs helped drive a 29.2% increase in net income for the third quarter. ...

Losses Accelerate in Q3 for Planet Organic

Jun 2, 2009

EDMONTON, Alberta — Natural-products conglomerate Planet Organic here on Monday said overall revenues for the fiscal third quarter increased by 11.5%, but losses accelerated as its stores in the U.S. and Canada saw negative same-store sales growth for the period. ...