Fitch Confirms SuperValu Risky Rating
Fitch Ratings has confirmed the default ratings given for SuperValu as ‘CCC’ even with some divestitures announced last week that seemed to reduce the retailer’s exposure to many competitive pressures. [...]
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 [...]
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 [...]
Whole Foods Leads List of Food Retailers in 2012
Whole Foods has led the pack of food retailers’ stocks in 2012. The retailer has gained about 35% and closed on 31st December at $91.16. This is the 4th straight [...]
Wegmans Freezes Prices Once Again
With the freezing winter prevailing, there’s one freeze that people will enjoy much more; Wegmans' price freeze. Wegmans Food Markets has introduced price freezes once again for over 50 of [...]
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 [...]
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 [...]
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 [...]