Supervalu To Exit Farm Fresh Banner; 21 Stores To Be Sold To Kroger/HT, Food Lion
Supervalu announced on March 14 that it has entered into three separate definitive agreements to sell 21 of its 38 Farm Fresh Food & Pharmacy stores for approximately $43 million…
Taking Stock
Jeff Metzger's take on the news that Jim Donald has returned to the food business at president and COO of Albertsons, plus the rest of the news of the market.
Major Food Retailers Post Solid Comps In Most Recent Financials
Six of the country’s largest food retailers have posted increased comp sales and solid earnings in their most recent financial periods. Walmart, Kroger, Ahold Delhaize, Target, Publix and Costco have…
Donald Named Albertsons Pres.; Chain To Acquire 2,500 Rite Aids
Thirteen days after Albertsons Cos. announced that it planned to acquire approximately 2,500 Rite Aid drug stores in a cash-and stock deal, the Boise, ID-based grocery retailer said that it…
Taking Stock
Jeff Metzger reports on the Key Food vendor meeting, plus his analysis of the rest of the news of the market.
Unable To Pare Debt, Tops Seeks Chapter 11 Bankruptcy Protection
Tops Friendly Markets LLC has filed for Chapter 11 bankruptcy protection as it seeks to reorganize in order to eliminate its substantial debt, according to court papers submitted by the…
Albertsons To Buy 2,500 Rite Aid Stores In Cash-Stock Deal
Albertsons Cos. plans to acquire approximately 2,500 Rite Aid drug stores in a cash-and stock deal in which the Boise, ID-based supermarket chain would hold 71 percent of newly combined…
Taking Stock
Jeff Metzger's analysis of Amazon's recent 4th quarter earnings report, plus the rest of the news of the market.