Wakefern, Morton Williams make A&P bids
A&P disclosed that Wakefern Food Corp. has been designated as a “stalking horse” for a package of 12 A&P and Pathmark stores set for auction.
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Food Bazaar bids for 4 A&P stores
New York-based ethnic superstore operator Food Bazaar has agreed to buy four stores as part of A&P’s bankruptcy auction, A&P revealed in filings.
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Whole Foods to lay off 1,500
Whole Foods Market said it would eliminate 1,500 jobs in the coming weeks as part of a commitment to invest in technology and lower prices.
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A&P reveals $12.6 million in insider payments
A&P in a document filed in U.S. Bankruptcy Court detailed $12.6 million in payments for top executives and other insiders in the year leading to its Chapter 11 bankruptcy — monies that creditors may seek to “claw back” in the case.
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Duncan to retire from Supervalu
Supervalu said Sam Duncan will retire as president and CEO in February, at the end of the company’s fiscal year. Duncan, 63, has held the titles at Minneapolis-based Supervalu since joining the company in February 2013.
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Walmart expands e-grocery in eight cities
Walmart announced that its “click-and-collect” Internet grocery shopping model was expanding to eight new cities, with additional markets to be announced in coming weeks.
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Albertsons sets IPO goal of $1.84 billion
Albertsons expects to raise up to $1.84 billion in its initial public offering, according to published reports. The company did not indicate a date for the offering.
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Save-A-Lot CFO takes PetSmart post
Rob Anderson, CFO of Supervalu’s Save-A-Lot division, will join pet supply retailer PetSmart as its SVP and CFO.
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Symancyk to leave Meijer for outdoor retailer Academy
J.K. Symancyk is departing his role as president of Meijer Inc. to take over as president and CEO of Academy Sports + Outdoors, a Katy, Texas-based sports and outdoor lifestyle retailer.
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PETA lawsuit a 'risk' for Whole Foods: analyst
Coming on top of other recent bad press, a lawsuit filed against Whole Foods Market by People for the Ethical Treatment of Animals alleging the retailer’s animal welfare standards are “a sham” could be harmful to the retailer’s image, according to one analyst.
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Costco looking at mining more data
Costco Wholesale Corp. said it is becoming “a little bit more open-minded” about data mining.
“There’s a lot of low-hanging fruit we haven’t [dealt with], and there are certainly more efforts in those areas by our marketing team," said Richard A. Galanti, EVP and CFO. "We don’t do a lot with it, but we’re doing a little more than we used to.
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