NEW YORK -- Financial analysts fully expect the supermarket industry to continue on its course toward greater consolidation in the second half of 1998.In addition, they envision more rational pricing strategies and...
SHEBOYGAN, Wis. -- Schultz Sav-O Stores, a wholesaler here that supplies 18 corporate and 68 franchised Piggly Wiggly supermarkets, reported record net earnings and earnings per share in its newly released annual...
The nation's largest supermarket chains continued to reap the rewards of their investments in technology, acquisitions, capital expenditures and internal changes in the second half of calendar year 1997.Although sales...
SUNBURY, Pa. -- Weis Markets here announced it will invest $127 million in its store base over the next 18 months, bolstering its presence in Pennsylvania and Maryland and growing in New Jersey, where it currently...
BOISE, Idaho -- A federal judge here has ruled that three class-action lawsuits against Albertson's could be amended to include more named plaintiffs, including grocery managers, who were allegedly forced to work off...
WAYNE, N.J. -- Grand Union Co. here said last week it intends to make a prepackaged Chapter 11 filing as part of a capital-restructuring agreement reached with a steering committee of the chain's bondholders.Under the...
SYRACUSE, N.Y. -- Penn Traffic Co. here said setbacks in its marketing program resulted in decreased sales for the fourth quarter and fiscal year ended Jan. 31.The company launched a new strategy last June, which...
EDISON, N.J. -- Twin County Grocers here has retained Wasserstein Perella & Co., Chicago, as financial adviser to "explore strategic alternatives," which could include a sale or a merger, officials told SN late last...
BOISE, Idaho -- Albertson's proposal last week to purchase Smitty's Super Markets, a 10-store operator based in Springfield, Mo., has reaffirmed the chain's intention to grow through acquisition in both new and...
SALT LAKE CITY -- American Stores Co. last week unveiled a series of high-level executive changes at the company's annual meeting here.American Stores chairman and chief executive officer, Vic Lund, announced the...
