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Wall Street had a generally positive reaction last week to year-end financial results from Supervalu here. For John Heinbockel, an analyst with Goldman Sachs, New York, operating income beat most expectations by $10 million to $15 million, even...
FOR 24 NORTH AMERICAN FOOD RETAILERS TRACKED BY SN, AT THE CLOSE WEDNESDAY, APRIL 22, 2009 MARKET SUMMARY gainers 17 losers 7 unchanged 0 A&P +12.73% Weis Markets +12.53% Supervalu +9.58% MOST ACTIVE BY VOLUME Wal-Mart 85,951,089 Target 51,806,127...
With inflation receding and prices coming down, supermarkets may see real improvement in sales and earnings during the first half of this year, some industry analysts told SN. That would represent a reversal of fortunes from the trends they...
Wal-Mart Stores last week said David Glass, the company's former president and chief executive officer, has chosen not to stand for reelection to the company's board of directors at the company's annual shareholders' meeting on June 5. Glass...
As part of a continuing Earth Day program, Cub Foods, a division of Supervalu here, and Shed-it partnered allowed shoppers to gather up old documents and bring them to one of 13 Cub Foods locations on April 25 to be recycled.
Supervalu saw its stock rise 12.4% yesterday despite reporting a loss of $201 million for the fourth quarter and nearly $2.9 billion for the fiscal year, which ended Feb. 28.
In this economy, price is king, and it shows in the snapshot of grocery market share in 10 major metropolitan areas on the following pages. Price leaders like Wal-Mart Stores and warehouse clubs Costco and BJ's Wholesale have seen their market...
Albertsons, one of the first chains to test home-delivery and online ordering, said last week it is out of the home-delivery business. However, although it is eliminating all online ordering programs in Boise, Idaho, and Portland, Ore., it plans...