The low-margin food wholesaling industry, seemingly in a constant state of flux, may be ripe for even more change. Jeff Noddle, chairman and chief executive officer of Minneapolis-based Supervalu, noted in a recent presentation to investors that...
The first reported financial results of the fledgling Fresh & Easy chain revealed heavy losses and modest but improving sales, officials of parent company Tesco here said last week. Beset by high initial overhead and a slow ramp-up in sales...
Warning that the Wall Street financial crisis could cause bloodshed on Main Street, industry leaders late last week urged Congress to pass a financial bailout plan. America's supermarkets urge you to look beyond the rhetoric to the very real...
Penn Traffic Co. said last week it has reached a settlement with the Securities and Exchange Commission over accounting practices prior to 2003. The company said it is continuing to cooperate with the U.S. Attorney for the Northern District of New...
With Christmas still nearly three months away, consumers are deciding how to allocate holiday spending in an economically stressed season, according to a phone survey conducted in mid-September on behalf of Wal-Mart Stores here. According to the...
Wegmans Food Markets here has begun introducing a new store logo that harks back to its logo of the 1930s and 1940s. The script logo, which appears on sales fliers and new employee uniforms arriving this week, conveys warmth and personal attention...
FOR 24 NORTH AMERICAN FOOD RETAILERS TRACKED BY SN, AT THE CLOSE WEDNESSDAY, OCT. 1, 2008 market summary gainers 10 losers 14 unchanged 0 MOST ACTIVE BY VOLUME Wal-Mart 934,459,09 Target 50,467,931 Kroger 27,668,569 AS PERCENTAGE OF SHARES...
Retail food prices at the supermarket increased by about 4% during the third quarter and 10.5% from the third quarter a year ago, according to the American Farm Bureau Federation's Marketbasket Survey.