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Safeway stock plummeted by more than 10% yesterday after the retailer said quarterly sales were down — and likely to stay down while the retailer adjusts pricing to better compete during the current economic downturn.
The House Judiciary Committee yesterday approved the Credit Card Fair Fee Act of 2008, a bill that would require merchants and credit card companies to negotiate transaction fees.
SimonDelivers, the Internet grocer that survived the dot-com bust, succumbed this week to rising gasoline costs and changing consumer habits in a weakening economy.
=Retail associations yesterday praised new legislation that would make it a federal felony to conduct what is known as organized retail crime, or the large-scale theft of product from retailers.
Jewel-Osco here said Tuesday that it would open a 16,000-square-foot store in Chicago’s Lincoln Park neighborhood under the “Urban Fresh, by Jewel” banner this fall, joining a wave of food retailers testing new smaller formats.
The plan by Wal-Mart Stores to open small-format stores in the U.S. comes as no surprise to Tesco, which remains confident it can withstand such competition, as it believes its own Fresh & Easy Neighborhood Market stores are a unique concept...
Dave Wilke, president of Wilke's supermarket, used to refer to a disaster that hit his town nearly 20 years ago as the big flood. Not any more. Last month, the Turkey River rose 5 feet over a dike that had been built to prevent another massive...
SN this week has unveiled an industry survey that will help identify the supplier/manufacturer companies that best meet retailer needs in a range of product categories. The survey results will be used to choose winners of SN's first annual...
Unlike many supermarkets around the world, Switzerland-based food retailer Migros has had one eye on sustainability many years before it became both fashionable and critical. Speaking at the IGD Global Retailing conference, Daniel Furrer, head of...
Russia will undergo massive change and report major growth over the next five years, but, unlike other emerging economies, it has plenty of strong, home-grown players who will provide stiff competition to any international operators entering the...