Retail Stores
-
7-Eleven Introduces Fresh Foods Line
7-Eleven has plans to focus on a fresh foods line in the coming years. The goal of the new line is to ultimately have fresh foods account for 20% of total sales. 7-Eleven, a convenience store chain with over 7,400 stores running on franchises in the U.S., is responding to consumer demand for healthier foods.…
-
ROIC Purchases Four Grocery-Anchored Properties
An announcement in San Diego, California, was made by Retail Opportunity Investments Corp. reporting that it has made the acquisition of three grocery-anchored properties and was in an agreement to purchase a fourth. The shopping centers, totaling 444,000 square feet in all, are located in Southern California and were purchased at a price of $114 million.…
-
Coborn’s Buys Mike’s Super Valu
Coborn’s Inc. in St Cloud, Minnesota, has reported that it has bought Mike’s Super Valu. The independent store located in North Dakota’s Watford City said that it was planning to move its staff to a Cash Wise location that Coborn’s is constructing in the city. Mike’s Super Valu has been in operation for the last…
-
Safeway’s CEO and Chairman Steve Burd Plans Retirement
Safeway’s longtime CEO and Chairman Steve Burd is set to retire this year. Burd has held the position for 20 years and will be stepping down May 14 at the chain’s annual meeting. He will also retire as a company director. He had surrendered the post of president in 2012. The supermarket has said that…
-
Sale of Food Emporium Expected
A&P is expected to make known an agreement to sell off its Food Emporium banner stores. The announcement would happen some time next week, according to sources. The 16 stores in Manhattan are anticipated to be offered to many bidders. According to Crains New York Business in a report published last week, Angelo Gordon Supermarkets…
-
A&P Rebrands its Seafood Department
The seafood department at A&P has been rebranded as the Great Atlantic Seafood Market. The company’s new seafood brand will work with a slogan “So Fresh, So Healthy and So Easy.” A&P made the announcement late last week in Montvale, New Jersey. North Coast Seafood will be the source of many of the products for…
-
Cerberus-Supervalu Deal Near
According to the Wall Street Journal, Cerberus Capital Management in New York is reported to be close to making an agreement to acquire parts of retailer Supervalu. Under a tentative deal, Cerberus, owner of Albertsons LLC, would put in $500 million to get parts of the Minneapolis-based retailer’s asset portfolio. Cerberus would also acquire shareholding in…
-
Unilever, Hormel Foods Skippy Deal
Unilever has made a definitive deal with Hormel Foods Corp. to sell its Skippy brand for approximately $700 million. The agreement includes manufacturing facilities for Skippy in Weifang, China and Little Rock, Arkansas. The Skippy peanut butter brand was first introduced in 1932 and was the first in fast growing natural peanut butter brands. In…