Food Trade News
Two of the Northeast's largest food retailers - Ahold USA and Supervalu - continued to track on vastly different financial paths.
Delhaize America has closed 126 under-performing stores primarily affecting its Food Lion, Bottom Dollar Food and Bloom banners.
On January 11, Supervalu, Inc. posted a third quarter net loss of $750 million on total net sales of $8.3 billion and saw identical store sales plummeted to 2.9 percent
UFCW Local 400 president Tom McNutt discusses the organization's upcoming negotiations with Giant and Safeway for new labor contracts.
In a long-expected announcement, Safeway Inc. said it intends to exit the Philadelphia market where it operates 27 Genuardi’s stores. The Giant/Carlisle division of Ahold USA has agreed to purchase 16 of those stores (all in Pennsylvania) for $106 million.
Food World's 2011 study of Mid-Atlantic wholesalers.
Delhaize announced plans for 450 new stores in the next five years, including hundreds of Bottom Dollar Food units in the U.S.
Ahold USA announced that Ron Onorato, formerly Stop & Shop NY president will move into a new role as SVP-operational initiatives for Ahold USA while Don Sussman will take over at Stop & Shop.
Wakefern Food Corp. held its annual meeting late last month and it was clearly one of the most pivotal gatherings in the company’s 65 year history, with record retail and wholesale volumes and the offical retirement of president Dean Janeway.