Kash n' Karry Food Stores, Tampa, Fla., plans to spend about $28 million in cash for capital expenditures in fiscal 1996. Two new stores have been opened this year, and 40 are expected to be remodeled, the chain said in its quarterly report to the Securities and Exchange Commission. Also, Kash n' Karry estimates grocery shipments to Gooding's Supermarkets could reach about $75 million a year, the SEC report said. In November, Kash n' Karry signed a five-year deal to supply groceries to the Apopka, Fla.-based chain.
ss. The offer period now expires July 12 (previously June 28). As of June 27, about 26% of all common shares outstanding had been tendered.
Certified Grocers of California, Los Angeles, expects to close its acquisition of a dozen Petrini supermarkets from Bay Area Foods, San Rafael, Calif., by mid-July, a company official told SN. Certified, which plans to resell the stores to retailers, entered the deal in May. Mollie Stone's Markets, Mill Valley, Calif., a gourmet food store operator, has agreed to acquire Petrini units in Greenbrae, Sausalito and Palo Alto, Calif. That deal, which would boost Mollie Stone's store count to five, is slated to close about 30 days after Certified concludes its deal with Bay Area Foods. Certified would supply the new Mollie Stone's units.
D'Agostino Supermarkets, Larchmont, N.Y., is offering special takeout picnic meals for $5.99 in 16 of the 24 stores it operates in New York City. The meals include a choice of sandwiches or 8-ounce salads, chips or a 2-ounce salad cup, a soda or bottled water, and a brownie. As a free tie-in at all stores, the chain is offering a map of Manhattan picnic spots.
Randalls Food Stores, Houston; the retail arm of Fleming Cos., Oklahoma City; and Demoulas SuperMarkets, Tewksbury, Mass., are now among the nation's top 100 retail companies, according to an annual sales ranking by the National Retail Federation and American Express. Fleming was No. 48, Randalls was No. 69 and Demoulas was No. 100. Ralphs Grocery Co., Compton, Calif., moved to No. 32 from No. 55. A total of 35 supermarket operators were on the list vs. 32 in 1994. Kroger Co., Cincinnati (No. 4); American Stores Co., Salt Lake City (No. 7); and Safeway, Pleasanton, Calif. (No. 9), were in 1995's top 10. Total supermarket sales rose 8.9% last year, Washington-based NRF reported.