Analysts concerned about Whole Foods' future
Wall Street analysts are expressing concerns over the near-term future of Whole Foods Market, forecasting the possibility of negative comparable-store sales and questioning the company’s decision to open smaller-format stores.
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Sprouts announces leadership shakeup, Q2 results
Sprouts Farmers Markets said price investments and higher expenses brought down margins during the fiscal second quarter, while comparable store sales growth was lower than initially expected. In a separate statement, the Phoenix-based chain announced a leadership succession plan.
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Fairway stock plummets following heavy Q1 loss
Stock in Fairway Group Holdings was down by more than 21% last week following the announcement of quarterly losses and sales declines more severe than Wall Street had anticipated.
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Fairway reports $13.9M Q1 loss
Fairway Group Holdings, New York, reported a loss of $13.9 million as sales declined by 2.3% and comps dipped by 5.3% during the fiscal first quarter.
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Data Table: 2015 supermarket categories by dollar, unit sales
Here are more than 300 U.S. supermarket product categories listed by annual sales for the 52 weeks ending June 14, 2015. The table includes sortable lists of dollar and unit sales, plus percentage changes from a year ago.
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First photos of Hannaford's small box
Here are some photos SN has obtained from Hannaford's new small store, which at 20,000 square feet is less than the half the size of Hannaford's standard prototype.
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Fresh & Easy closing 14 stores
Martindale named CEO of Rite Aid Stores
Rite Aid Corp. said it has promoted Ken Martindale, president and COO, to the newly created position of CEO of Rite Aid stores.
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5 ways retailers are snapping out of the stagnant-sales malaise
At a time when overall sales in traditional supermarkets remain unchanged, Americans are deeming differentiated products worth the investment. In an effort to enhance the exclusivity of their product sets, retailers are trimming their investments in national brands.
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Publix sales, earnings up in Q2
Publix Super Markets said sales during the fiscal second quarter increased by 6% to $8 billion, with comparable-store sales up by 4.6%.
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Holbrook to succeed Cooper at Daymon
Jim Holbrook will replace Daymon Worldwide’s retiring CEO Carla Cooper, effective Sept. 1, the company’s board of directors announced.
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