Weis To Spend Record $135 Million For Cap-Ex; 37 Store Projects On Tap
At its annual meeting, Weis Markets executives disclosed the retailer's cap-ex plans for 2013, which include $135 million to be spent on 37 store projects.
Taking Stock
Jeff Metzger's analysis of the "new" Acme, along with the rest of the market's recent developments.
PA House Of Representatives Votes To Privatize Liquor Sales
The Pennsylvania House last month passed a measure backed by Governor Tom Corbett that would, if passed by the Senate, privatize the current state-run liquor control system.
At A&P, Mays Replaces Burkle; Unions Want Concessions Lifted
Greg Mays has taken over for Ron Burkle as chairman of A&P.
Taking Stock
Jeff Metzger's take on the closing of the Supervalu-Cerberus deal, as well as the rest of the news of the market.
Delhaize America's Smith Seeks To Accelerate Food Lion Progress
Delhaize America will accelerate the transformation of Food Lion and optimize its Bottom Dollar Foods unit, said new CEO Roland Smith.
Supervalu-Cerberus Deal Done; 1,100 Jobs Will Be Eliminated
Supervalu has officially completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw's and Star Markets stores to AB Acquisition LLC.
Weis Earnings Up 14.5%, Sales Flat In 4th Qtr; Mignola Upped To SVP-Ops
Weis reported increased fourth quarter and year end net income, however saw overall revenue and comp store sales decrease for both the fourth period and full fiscal year.
Taking Stock
Jeff Metzger's take on the new president named to head Acme after the Supervalu-Cerberus deal closes later this month, as well as the rest of the news of the market.