Fairway files 'prepackaged' Chapter 11
The parent company of iconic New York grocery chain Fairway Market has filed a "prepackaged" Chapter 11 bankruptcy restructuring whereby lenders have agreed to exchange existing debt for new equity and debt in a reorganized company.
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Analysis: Fairway's new owners betting on 'monumental' turnaround
The lenders-turned-owners of Fairway Markets are betting on a fast-moving, bankruptcy-aided turnaround for the beleaguered New York icon — and hoping to avoid the fate of the last area grocer to go Chapter 11.
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Whole Foods signs leases for six more 365 units
With its first 365 by Whole Foods Market location set to open May 25 followed in close succession by two more, Whole Foods said it has signed another six leases.
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Kroger lowers prices in Mid-Atlantic stores
Kroger’s Mid-Atlantic Division said that it has lowered prices on nearly 1,000 items in its 120 stores in Virginia, West Virginia, North Carolina, Tennessee, Kentucky and Ohio.
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Fresh Market sets 13 store closings
The Fresh Market said it plans to close 13 locations across the U.S., effective May 18. The closings will encompass all eight stores in Texas, two in Iowa, one in Missouri and two in Kansas, including the company’s Café in the Museum at Prairiefire in Kansas City.
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Winn-Dixie switches banner to Harveys in low-cost format test
In a move officials hope can provide an appropriate format for conventional stores serving lower-income neighborhoods, Southeastern Grocers is putting a new face on a conventional Winn-Dixie store.
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Walmart seeking tech pitches
Wal-Mart Stores is inviting tech entrepreneurs to present their ideas and inventions for possible application in the retailer's stores, warehouses and back office operations.
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The New Consumer: Three snacks trends driven by young consumers
Americans are opting for more refrigerated and premium-priced snacks, with healthier options slightly outpacing indulgent, according to last month’s How America Eats: 2016 State of the Snack Food Industry webinar, presented by Sally Lyons Wyatt, EVP and practice leader of client insights at IRI. Here are three trends to note when targeting young consumers.
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C&S acquires New England specialty distributor
In a move it said would broaden product selection and improve service for its customers, C&S Wholesale Grocers said it had signed an agreement to acquire Davidson Specialty Foods, a leading specialty food distributor based in Newington, Conn.
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FDA issues final menu labeling guidance
The FDA released a final guidance document on menu labeling to clarify portions of the rule and answer specific questions related to the requirements.
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Sprouts sinks on cautious outlook
Sprouts Farmers Markets said it met quarterly comps sales guidance and beat earnings estimates on higher margins only to see its stock fall by nearly 7% on a cautious outlook including lower expectations for margins in the current quarter and sales for the fiscal year.
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