Industry News
-
Proposed Interchange Settlement Resisted By Retailers
The credit-card settlement proposed by the card industry to merchants is being opposed by many of the retailers. Though it was approved by a New York judge last week on Friday, the proposed settlement has still drawn criticism from the National Retail Federation, among other groups. The card industry (credit card companies and banks issuing…
-
Publix Opens Stores in Charlotte
The Charlotte suburbs will be witnessing the opening of the first two Publix Super Markets stores. Come Wednesday, the 49,000 square foot stores will be opened to the residents. Publix had announced that it would be introducing a Charlotte division with hopes of expanding and opening more stores in future. The two store locations are…
-
Contract Offers and Strike Threats at Raley’s
Raley’s management announced that it planned to implement a contract that it calls “last, best and final.” The supermarket chain had set Thursday as the date of the implementation. This comes in the wake of claims by management that UFCW Local 8-Golden State had denied the chains employees a voting opportunity for 3 weeks. The…
-
Publix Q3 Earnings Grow
Publix Super Markets released their third quarter earnings for the year, which showed increased earnings and sales. The sales for the Q3 are $6.7 billion, which is a 4.4% increase from 2011 sales. The chain’s store sales improved 2.6 % for the first 9 months and 2.5% for the third quarter. The sales of the…
-
Shaw’s Planning 700 Job Cuts
Supervalu Inc., Shaw’s Supermarkets parent company has announced that it has plans to lay off at least 700 store workers. The chain of supermarkets said that this would help it deploy labor more efficiently and reduce expenses. Shaw’s has said that the layoffs will also assist the grocer to make more investments in customer-facing initiatives,…
-
Kraft’s Third Quarter Profits Rise
Kraft Foods released its third quarter results Wednesday. The net income for the quarter has risen by 13%. The company’s brands include Miracle Whip, Maxwell House coffee and Oscar Mayer products. The Kraft Foods Group Inc. has other snack brands that fall under its other company Mondelez International, which has Nabisco, Chips Ahoy and Oreo.…
-
Stater Bros. Pharmacies Offer Free Antibiotics
Stater Bros. pharmacies is giving free antibiotics throughout its 27 locations in Southern California. The free antibiotics will be given to anyone with or without health insurance who provides a prescription. The offer also includes refills. The offer began on November 1 and includes: The officials of the supermarket chain say that they are the…
-
Louisiana Sweet Potato Commission Launches Heapin’ Helpin’ Campaign
The Louisiana Sweet Potato Commission (LSPC) has launched a statewide advertising plan that will promote sweet potatoes across Louisiana. The tuber season is here and LSPC is using delivery trucks in its advertising to get to its target audience. The commission’s past advertising efforts relied on conventional media and traditional billboards. The commission has revamped…