Retail Financial Archive
Family Dollar Q4 Earnings Jump 40.7%
MATTHEWS, N.C. — Family Dollar Stores here on Friday said its fourth-quarter net income improved 40.7% to $53.2 million, on consumables sales increases sparked by government stimulus checks, along with internal cost controls. ...
FMI Selects Sarasin as New CEO
ARLINGTON, Va. — Food Marketing Institute here on Friday said its board of directors has selected Leslie G. Sarasin as president and chief executive officer. ...
Village Boosts Sales, Profits in 4Q
SPRINGFIELD, N.J. — Improved sales and lower expenses helped drive profits up by 9% to $6.9 million during the fourth quarter for Village Super Market here, the retailer said Thursday....
Loblaw Workers in Prairies Threaten Strikes
TORONTO — United Food and Commercial Workers local unions in Manitoba, Saskatchewan and Alberta have threatened to strike as early as Saturday unless progress is made in their respective negotiations with Loblaw, UFCW Canada said Thursday....
Big Y Appoints White New CFO
SPRINGFIELD, Mass. — The board of directors of Big Y Foods here has named industry veteran William D. White as the company’s new chief financial officer. White succeeds Herbert D. Dotterer, who retired in July. ...
Heinen’s, Giant Eagle Workers Reach Agreement: Report
CLEVELAND — Union workers at Heinen’s and Giant Eagle stores here have reportedly reached an agreement on a new contract. ...
Industry Leaders Step Up ‘Bailout’ Support
WASHINGTON — Warning that the Wall Street financial crisis threatens bloodshed on Main Street, leaders in the food and consumer products industry have urged Congress to support a so-called “financial bailout” plan. ...
Smart & Final Expanding Store Size to Attract Consumers
LOS ANGELES — Smart & Final here plans to open three more expanded stores, called Smart & Final Extra, this year and additional locations next year, Randall Oliver, a company spokesman, told SN. ...
Wal-Mart Announces New Benefits Programs
BENTONVILLE, Ark. — A slate of new health and wellness programs — including a program focusing on healthy pregnancy and infant care — highlight what Wal-Mart Stores officials on Tuesday called a “new level” of employee benefits for 2009. ...
Penn Traffic Settles With SEC
SYRACUSE, N.Y. — Penn Traffic Co. here said yesterday it has reached a settlement with the Securities and Exchange Commission over accounting practices relating to promotional allowances by the chain from fiscal 2001 though fiscal 2003 and by its Penny Curtiss bakery subsidiary from fiscal 2000 through the first quarter of fiscal 2003. ...
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