Retail Financial Archive
Fresh & Easy Could Exceed Expansion Forecast: Analyst
NEW YORK — Armed with a unique market concept and free of the burdens of legacy U.S. retail practices, Tesco’s Fresh & Easy concept could easily exceed its prediction of having 200 stores open by February 2009, a London-based food retailing analyst said in a presentation Monday....
Supervalu Names Todd Sheldon VP of Legal Services
MINNEAPOLIS — Supervalu here has elected Todd Sheldon to the position of vice president, legal services, the company said....
Penn Traffic Gets $10 Million in Equity Financing
SYRACUSE, N.Y. — Penn Traffic Co. here said last week it has closed a private placement of $10 million in new equity financing with three of its largest common shareholders. ...
Yucaipa Makes New Bid for Interstate
KANSAS CITY, Mo. — Yucaipa Cos. has made another bid to acquire Interstate Bakeries here out of Chapter 11 bankruptcy, Interstate said Friday. ...
Safeway Outlines 3 New Growth Vehicles
PLEASANTON, Calif. — Safeway here said yesterday it plans to introduce three new growth vehicles to drive 2008 earnings: experimenting with a new store format, monetizing two of its proprietary product lines and leveraging its health care knowledge in a new initiative....
Costco Posts Sales, Margin Gains
ISSAQUAH, Wash. — Costco Wholesale Corp. here said gasoline sales squeezed the company’s margins in the first quarter, but gross-margin gains on core items, including food, helped the chain meet analysts’ estimates for profitability....
Acquisitions, Renovations Drive Sobeys Sales
STELLARTON, Nova Scotia — Newly acquired and newly renovated stores, as well as effective sales and merchandising initiatives, lifted sales at Sobeys by 4.8% during the second quarter ended Nov. 3, Sobeys’ parent company said Thursday....
Stop & Shop Raises $1.24 Million to Fight Hunger
QUINCY, Mass. — The Stop & Shop Supermarket Co. here raised a record $1.24 million in this year’s Food for Friends campaign....
Stater, P&G Donate Theater to Children's Hopsital
SAN BERNARDINO, Calif. — Stater Bros. Markets here and Procter & Gamble have teamed up to donate a new Stater Bros. Activity Center at Loma Linda University Children's Hospital. ...
Safeway Workers Vote in California, Canada
PLEASANTON, Calif. — Safeway employees in Northern California will be voting between now and Christmas on new contracts that include wage increases of $1.80 an hour over the four-year term of the agreement for journeyman clerks and $2.05 an hour for general merchandise and bakery clerks. ...
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