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The recession may be over but so too is the post-recession rebound. Financial results from several food retailers in the most recent earnings period illustrated a bleaker economic environment than many expected as the modest recovery exhibited in...
WEST BRIDGEWATER, Mass. Meet the new boss, same as the old boss. Shaw's last week said that Larry Wahlstrom is returning to once again serve as president of the retailer. Wahlstrom, who became the company's president in September 2007, returned to...
DELHAIZE BANNERS LAUNCH CONTEST SALISBURY, N.C. A new contest promotion under way at Delhaize America's banners can win customers up to $250,000, the retailer here said last week. The Great Grocery Giveaway will award more than $5 million to...
MINNEAPOLIS After reporting a 7.2% decline in first-quarter comparable-store sales and a 40.7% decline in net income, analysts last week questioned the ability of Supervalu to rebuild momentum this year. We remain skeptical on Supervalu's ability...
SUPERVALU CFO KNOUS LEAVES MINNEAPOLIS Supervalu said last week that Pamela K. Knous, executive vice president and chief financial officer, has resigned to pursue other career interests, effective July 30. Supervalu said it has retained a search...
Retail associations last week applauded President Obama's signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The new law will for the first time regulate debit-card interchange fees set by banks and credit-card companies...
Produce supplier GreenLine Foods here said it has named retail veteran Steve Michaelson as its new chief executive officer. Michaelson most recently was chief marketing officer and senior vice president of own brands at Minneapolis-based Supervalu...
BOISE, Idaho — Albertsons LLC here said Friday it will shift sourcing for its 17 stores in southern Louisiana to a Supervalu distribution center in Indianola, Miss., from the Fort Worth, Texas, division of Associated Wholesale Grocers.