Stories about a leadership shake-up at Southeastern Grocers, how Save-A-Lot's IPO will fuel expansion, and a retired executive rejoining Dollar General also caught the eye of readers of SN's e-newsletter.
Haggen will close and sell 27 locations across four states, with more to come, “as part of [its] business right-sizing plan,” the company said Friday — a development some industry sources told SN they saw as inevitable....More
A&P’s request to back out of commitments to workers so as to use the savings to provide equitable disbursements to lenders is “true only in the Alice-in-Wonderland world of corporate reorganization,” the United Food and Commercials Workers union said Friday....More
Natural and organic online grocer Door to Door Organics has announced plans to expand into two new markets, Des Moines, Iowa, and Columbus, Ohio, as well as additional areas of Colorado Springs and Pueblo, Colo....More
Citing a perilous financial condition and fruitless negotiations with labor unions, A&P has filed emergency motions under section 1113 of the U.S. Bankruptcy Code to unilaterally strike the “bumping” and severance obligations of its collective bargaining agreements with its workers....More
A&P is expected to notify all of its employees of impending layoffs as it proceeds with plans to close or sell all of its stores under its Chapter 11 bankruptcy wind-down. A&P employs approximately 28,500....More
Supervalu’s potential spinoff of its Save-A-Lot division will prime the discount banner for aggressive unit growth and separate a business that has little in common with the distributor’s retail and independent businesses....More
Sprouts Farmers Markets on Thursday said price investments and higher expenses brought down margins during the fiscal second quarter, while comparable store sales growth was lower than initially expected....More