MINNEAPOLIS -- The U.S. supermarket companies with the strongest earnings prospects are those taking a slow, steady approach to growth, according to Brooks O'Neil, a securities analyst at Piper Jaffray here.Chains...
SYDNEY, Australia -- Just weeks after completing an initial public stock offering, Davids Ltd. here has made an offer to acquire a competing Australian wholesaler, Independent Holdings Ltd., Adelaide.John David...
CINCINNATI -- For the third consecutive quarter, Kroger Co. here has surprised Wall Street with better-than-expected financial results.Kroger, the nation's largest supermarket operator, last week said its operating...
OAKLAND, Calif. -- Safeway here reported operating earnings of $58.9 million in its second quarter ended June 18, an increase of 63.6% and far above Wall Street's expectations.Net income in the 12-week period -...
MINNEAPOLIS -- Supervalu here agreed last week to acquire Cincinnati-based Hyper Shoppes, the parent company of Bigg's.Supervalu said the purchase would give it "a greater presence" in the rapidly growing supercenter...
ELIZABETH, N.J. -- Mayfair Super Markets here has named a new president and realigned its top management, but a spokeswoman for the chain denied any connection between the changes and market reports that Pathmark...
TAMPA, Fla. -- Kash n' Karry Food Stores here last week conceded it might file a prepackaged Chapter 11 bankruptcy petition, but also told its suppliers and trade creditors they "will not be affected" if the chain...
Minneapolis -- A number of major supermarket operators are in the process of adding many new stores to an already crowded retail marketplace.At the annual Piper Jaffray Conference with investors here, executives of...
MINNEAPOLIS -- Supervalu plans to expand its Save-A-Lot limited-assortment store format by about 105 stores in the current fiscal year, according to Michael Wright, chairman, president and chief executive officer of...
Salt Lake City -- American Stores Co. here achieved record results in 1993, but on the eve of its annual meeting here tomorrow it is facing a series of new challenges.Faced with those challenges, American is keeping...