WAYNE, N.J. -- Grand Union Holdings Corp. here reported lower sales and a net loss for the year ended April 2.The loss totaled $118 million. It included cash interest expense of $143.6 million, about $34 million of...
MADRID, Spain -- CIES, The Food Business Forum, elected Raymond Ackerman to a two-year term as chairman at the annual Executive Congress here last week.Ackerman is chairman and chief executive officer of Pick 'n Pay...
MADRID, Spain -- European suppliers and retailers are engaged in widespread collaborative efforts to reduce costs and improve profitability, according to a study issued here last week.The overall potential benefit of...
TEWKSBURY, Mass. -- The co-founder of Demoulas Super Markets here has been found liable for defrauding the heirs of his late brother of much of their ownership of the privately held supermarket chain.A jury found...
BOISE, Idaho -- Albertson's here said sales increased 7% to a record $2.9 billion in the first quarter ended May 5.Same-store sales increased 3% in the quarter, which, according to securities analysts, ranks among the...
SALT LAKE CITY -- American Stores here last week reported a 15.6% increase in net income in the first quarter ended April 30. Sales, however, declined 1.3% in the 13-week period.Earnings totaled $48 million in the...
PARIS -- Food-industry retailers and suppliers are fighting to keep up with rapid changes on two fronts.On one side, according to Etienne Laurent, president and chief executive officer of CIES, The Food Business Forum...
CLAREMONT, South Africa -- Pick 'n Pay here has acquired a 50% stake in a 125-store chain of small supermarkets operating as Score Supermarkets.Pick 'n Pay, according to local reports, paid about $4.4 million in cash ...
Food retailers in the United Kingdom are feeling the effects of competitive pressure and low inflation.This is most notable in the declining gross-profit margins the two largest U.K. chains reported in their recent...
TAMPA, Fla. -- Creditors of Kash n' Karry Food Stores here are moving ahead with an effort to evaluate the company's proposed recapitalization plan amid indications that many are unhappy with the terms of the proposal...