Supervalu Posts $202M Loss In 3rd Qtr.; Stock Sinks To Under $8 Per Share
The grim news continued last month as the Eden Prairie, MN retailers/wholesaler announced that it lost $202 million, or 95 cents per share, for the quarter ended December 4.
Former Food Industry Executive Charles Hofmeister Passes Away
Former food industry executive Charles W. Hofmeister, 84, died January 19.
Delhaize America Unveils New Category Management Lineup
Delhaize America announced the set up of its new category management organization February 4, naming the officers and directors who will guide the new streamlined system.
Schlicker Takes Helm Of Ahold USA Retail; Bussenger Will Assist In New EVP Position
Carl Schlicker officially took the post of chief operating officer of Ahold USA Retail this month, and the retailer made two additional executive announcements as it formulates its team moving…
Former Giant/Landover Pres. Robin Michel Will Head Sears' Food Program
Robin Michel has joined Sears Holdings as SVP and president-food and consumables and health and wellness.
Taking Stock: At Supervalu, The Spin Increases, While Results Continue To Tank
Seriously, has there ever been a better “spinmeister” in the food industry than Supervalu’s Craig Herkert?
Despite Objections, Judge Finalizes A&P's $800M Loan
Despite objections from bondholders who questioned the role of Yucaipa Cos. in A&P’s bankruptcy proceedings, U.S. Bankruptcy Judge Robert Drain approved the $800 million loan the bankrupt retailer sought for…
C&S Considering Layoffs At A&P Depots
A C&S Wholesale Grocers subsidiary, Woodbridge Logistics, said last month that it could lay off as many as 1,114 associates who are employed at depots that supply A&P stores.
Why The Nostalgia? A&P Train Wreck Was Decades In The Making
So, the inevitable inevitably happened at A&P. Surprised by the bankruptcy? Hardly. Surprised by the timing? Yes.