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C&S Cites A&P's Sales Woes
KEENE, N.H. C&S Wholesale Grocers here reportedly told bondholders it is concerned about the possible loss of business from two major customers, though it anticipates making up some of the shortfall through new business. C&S officials could not be reached for comment. Media were prohibited from monitoring the call with bondholders, which took place last month. According to sources who were on the
A New Collaboration Game for Retailers, Suppliers
It's a new ballgame for collaboration literally. At last week's Grocery Manufacturers Association Executive Conference in Colorado Springs, the state of trading partner collaboration was described using lots of baseball language, and a play-by-play discussion focused on new insights about hitting home runs. Two McKinsey & Co. executives presented findings of a study called Collaborate to Win, which
C&S Concerned With Possible Sales Declines
KEENE, N.H. C&S Wholesale Grocers here reportedly told bondholders it is concerned about the possible loss of business from two major customers, though it anticipates making up some of the shortfall through new business.
Filing Reveals Tops' Q1 Profit
Tops Friendly Markets here posted net income of $11.96 million in the 16-week first quarter that ended April 24, the company said in a federal filing made in connection with a new debt offering. The profits which came after an income-tax benefit of $13.34 million and adjustments related to the value of the acquisition of Penn Traffic reversed a year-ago loss of $2.94 million, the
New Labor Contract at Shaw's
Settlement of the four-month strike affecting Shaw's Methuen, Mass., distribution center could prove to save the plant itself, although some jobs inside the facility could be changing. A spokeswoman for Shaw's here told SN that the agreement allows the retailer the right to outsource some work that is currently being done at the facility. Workers in turn were granted severance
Newswatch | BASHAS' EYES NEW PLAN: REPORTS | GIANT FOOD SETTLES WITH TEAMSTERS
Bashas' here has reportedly given up on arranging financing that would have allowed it to repay its lenders immediately in cash in the full amounts owed. The chain, which has been operating under Chapter 11 bankruptcy protection since June 2009, is now hoping to pay off creditors in installments, with a balloon payoff after three years, according to published
Shaws New Warehouse Pact Allows Outsourcing
Settlement of the four-month strike affecting Shaws Methuen, Mass. distribution center could prove to save the plant itself, although some jobs inside the facility could be changing.
SN Power 50 for 2010
This year's Power Players are reinvesting in their companies to spur growth in an uncertain economy.
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