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Food retailers and manufacturers are likely to spend the next few months dancing around each other to see whether prices will go up or down, according to industry observers. It's not a new dance, but the weakened economy and the heightened desire...
Industry analysts were generally upbeat last week about the long-range prospects for Kroger Co., despite a drop in third-quarter earnings resulting primarily from the impact of Hurricane Ike. Net income for the quarter fell 6.3% to $237.7 million...
SOBEYS SALES BOOST EMPIRE'S Q2 STELLARTON, Nova Scotia A 7% increase in sales at Sobeys stores including a 5.4% jump in same-store sales helped boost net earnings by 12.5% during the fiscal second quarter for Empire Cos., Sobeys' parent company...
Whole Foods Market's ongoing tangle with the Federal Trade Commission flared up again last week when the retailer filed a complaint in U.S. District Court seeking to bar the agency from holding an administrative trial on the legality of Whole...
Food, particularly fresh food, is clearly driving the business at Costco Wholesale Corp., Richard Galanti, the chain's executive vice president and chief financial officer, said last week during a conference call to discuss financial results for...
In what analysts believe may be a prelude to taking the Loblaw Cos. private, George Weston Ltd. last week said it has agreed to sell its U.S. bakery divisions to Grupo Bimbo for $2.5 billion (U.S.). Weston earlier this month completed the sale of...
FOR 24 NORTH AMERICAN FOOD RETAILERS TRACKED BY SN, AT THE CLOSE WEDNESDAY, DEC. 10, 2008 MARKET SUMMARY gainers 18 losers 6 unchanged 0 MOST ACTIVE BY VOLUME Wal-Mart 115,049,098 Target 65,069,219 Kroger 43,558,202 AS PERCENTAGE OF SHARES...