Retail Financial Archive
Annual Sales Up, Profits Down for Unified
LOS ANGELES — New-store growth and improved performance of perishable and specialty categories lifted annual sales at Unified Grocers 6.1% to $3.1 billion, the cooperative wholesaler here said Thursday. ...
Services Scheduled for Ream’s Founder
SALT LAKE CITY — Services will be held here Dec. 27 for Paul Ream, founder of Ream’s Food Stores, a 10-store family-owned chain. ...
Stater Sees ‘Almost No Impact’ From Tesco
SAN BERNARDINO, Calif. — Although it already competes with 20 Fresh & Easy locations, Stater Bros. Holdings here has felt minimal impact from its new competitor, Jack Brown, Stater’s chairman and chief executive officer, said Wednesday. ...
Food Retail Associations Praise European Action on Interchange Fees
ARLINGTON, Va. — Tim Hammonds, president and chief executive officer of Food Marketing Institute, told SN the ruling by the European Commission yesterday that credit and debit card interchange fees charged by MasterCard are illegal sets a precedent for Congress to do the same for bank interchange fees in the United States. ...
Whole Foods Stores Bag Plastic in National Ban Test
AUSTIN, Texas — Whole Foods’ two stores here on Wednesday stopped offering plastic bags to customers in what the retailer termed to be a first step toward a companywide plastic bag ban in the new year. ...
Supervalu to Acquire 8 Albertsons Stores in Wyoming
MINNEAPOLIS — Supervalu here said Tuesday that it would acquire eight Albertsons stores in Wyoming from Albertsons LLC for an undisclosed sum....
Bashas’ Files Defamation Suit Against UFCW
CHANDLER, Ariz. — Citing defamation stemming from “win at all costs” union tactics, Bashas’ on Tuesday said it has filed suit against the United Food and Commercial Workers....
Equity Infusion to Speed Expansion for Sunflower Markets
BOULDER, Colo. — Sunflower Farmers Markets, the natural grocery chain founded and led by Wild Oats founder Mike Gilliland, has raised $30 million in equity financing from PCG Capital Partners, a private equity firm based in La Jolla, Calif., the retailer said....
Services Planned for Dyer, Former Lucky Stores CEO
ALAMO, Calif. — Memorial services are planned Jan. 5 here for William Hugh Dyer Jr., who served Lucky Stores for more than 50 years, including a stint as its chairman and chief executive officer....
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....
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