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Standard & Poor’s here on Friday docked Whole Foods Markets one notch in its corporate credit rating, citing its declining expectations of profitability and performance in 2009. S&P cut its rating to BB- from BB.
The United Food and Commercial Workers union on Friday launched a campaign to unionize PriceRite, the discount banner owned by Elizabeth, N.J.-based Wakefern Food Corp., which also owns the ShopRite banner.
An emphasis on pricing and private-label goods boosted quarterly sales momentum despite reduced volumes at Food Lion and Hannaford Bros. stores, Delhaize Group, based here, said in a review of third-quarter financial results Thursday.
Shareholders of Winn-Dixie Stores approved a proposal at the company's annual meeting Wednesday to establish a new employee stock purchase plan, which will allow associates to buy common stock through accumulated payroll deductions at a 5%...
Costco Wholesale yesterday posted negative comparable-store sales for October — the first time the retailer has ever done so, according to some observers — as retailers overall had their worst single month in decades.
Nash Finch here said Thursday that accounting and impairment charges caused net income to decline by 44% to $8.6 million in the fiscal third quarter that ended Oct. 4, but that sales improved by 5% to $1.4 billion and EBITDA grew in all of its...
Increases in store traffic and average sales ticket helped Dollar Tree boost its third-quarter sales by 11.6% to $1.1 billion, the retailer here said Thursday.
Whole Foods Market said Wednesday that identical-store sales were down slightly in the fourth quarter and have continued a downward spiral in the first weeks of its new fiscal year, as economic pressures continued to batter the once high-flying...