Retail Financial Archive
Supervalu Evaluates Response to Price Cuts
FULLERTON, Calif. — The Big Relief Price Cut program at Supervalu-owned Albertsons rolled into the chain’s 222 Southern California stores last week after its initial introduction last month in the Jewel-Osco chain in the Midwest and the Albertsons stores in Las Vegas....
New Orleans Winn-Dixies Offer ‘Recovery Kiosks’
NEW ORLEANS — Winn-Dixie Stores here are featuring City of New Orleans “recovery kiosks” at all local stores in a partnership with the New Orleans City Council, the chain said yesterday. ...
UFCW Locals in Northern, Central California Merge
ROSEVILLE, Calif. — Members of United Food and Commercial Workers Union 8-Golden State in Northern California and members of UFCW Local 1036 on the northern fringe of Southern California have voted to ratify an agreement to join forces....
Investors Misunderstand Target’s Food Strategy: CEO
MINNEAPOLIS — As Target Corp. here begins testing expanded food assortments at its general merchandise stores, a proxy fight has raised the issue of how much larger that assortment should be. ...
Fresh & Easy Expands Offerings
EL SEGUNDO, Calif. — Fresh & Easy Neighborhood Market here said yesterday it plans to introduce more than 1,000 new items at its U.S. stores during the summer months. The items will fall into the cereal, health and beauty care, frozen and bakery categories and will include larger sizes, additional national brands and new private-label items. ...
Texas Cities Head Retail Growth Survey
STAMFORD, Conn. — Four cities in Texas are among the top five U.S. metropolitan areas for retail growth in the next two years, according to a survey by Pitney Bowes Business Insight here. ...
King Kullen to Close Another NYC Store: Report
BETHPAGE, N.Y. — King Kullen Grocery Co. will close its Castleton Corners location in New York City’s Staten Island this summer, marking the second King Kullen to close in the borough this year, reports said....
UFCW Withdraws 3 Charges Against Bashas’
CHANDLER, Ariz. — The United Food and Commercial Workers Union Local 99 in Phoenix has opted to withdraw three unfair labor practice charges against Bashas’ for lack of evidence, the chain said yesterday. ...
N.Y. Program to Create 15 New City Stores
NEW YORK — A new city program offering zoning and financial incentives for developers to encourage supermarkets as part of their projects will help create 15 new grocery stores and spark upgrades at another 10 over the next decade, officials said. ...
KidFresh Shuts Store, Looks to Revamp Products
NEW YORK — KidFresh has shuttered its lone retail location here, but is looking at relaunching the company's offerings with an expanded product line in the next few months, the founder and chief executive officer told SN yesterday. ...
El Super Plans Tucson Opening
COMMERCE, Calif. — Bodega Latina Corp. here, operators of 16 El Super supermarkets, plans to open its second Arizona location — in Tucson — later this week in a newly built store in a renovated shopper center, according to published reports. ...
Raley's Offering Clerk Buyouts
WEST SACRAMENTO, Calif. — Raley's Supemarkets here is offering buyouts to 100 of its store-level personnel, a chain spokeswoman told SN yesterday. ...
Investors Purchase Numero Uno Markets
LOS ANGELES — Nogales Investors, a locally based private equity firm, and Breco Holdings, a Houston-based investment firm, have formed a joint venture to purchase Numero Uno Markets here and manage future grocery acquisitions. ...
Winco Foods Building Utah Sites
BOISE, Idaho — Winco Foods’ first stores in Utah are under construction and set for a fall opening, according to local news reports. ...
Filings Reveal Lone Star Payment in Bruno’s Sale
GREENVILLE, S.C. — Lone Star Funds, the owner of bankrupt Southeast chains Bruno’s and Bi-Lo, chipped in $2 million to Bruno’s creditors so that Bruno’s recent liquidation sale wouldn’t also sink Bi-Lo. ...
Kroger Execs Exceeded Benchmarks, but Bonuses Down
CINCINNATI — Kroger’s executive team exceeded its 2008 bonus thresholds by 5%, although total compensation was down due to having beaten target bonuses by a greater amount in 2007, the retailer said in a proxy statement filed with federal regulators. ...
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David Orgel: 
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