Specialty grocery chain Trader Joe's, based in Monrovia, Calif., filed a lawsuit last week against Gristedes, alleging that a new store format Gristedes plans to open this week called Trader John's is a copycat of the Trader Joe's format.
Penn Traffic Co. said Friday that it would close eight stores early next month as part of a strategy to invest behind its best-performing assets.
Supervalu late last week announced 16 of its stores would close by Feb. 25.
Stock in Whole Foods Market was up more than 22% Thursday after funds associated with Ron Burkle’s Yucaipa Cos. revealed they had acquired 7% of the retailer on the open market.
A&P saw its stock price rise nearly 25% yesterday after the company reported a smaller third-quarter loss on continuing operations.
RedBrick Health has expanded its services with the Hannaford Bros. supermarket chain, the companies said Thursday.
Wal-Mart Stores yesterday reported weaker-than-expected same-store sales for December and reduced its outlook for the fourth quarter.
Weis Markets is a $2.4 billion chain that has 155 stores in five states, with headquarters in Sunbury, Pa.