economy Archives - Page 22 of 24
Posted in, C-Store News, Southeast, Southwest

7-Eleven Acquires 55 Sam’s Mart Stores in the Carolinas

Slurpee® drinks, Big Bite® hotdogs, Big Gulp® beverages and other convenient services are on their way to Charlotte. Dallas, Texas-based 7-Eleven Inc. has entered into an agreement with Sam’s Mart LLC to acquire 55 Sam’s Mart stores in North and South Carolina and convert them to 7-Eleven® stores this year. The transaction is anticipated to […]

Posted in, Midwest

Roundy’s to Price IPO at $10 to $12 Per Share

The parent company of Pick ‘n Save and other supermarket chains hopes to sell its stock to the public at $10 to $12 per share, according to documents filed last week with the U.S. Securities and Exchange Commission, the Journal Sentinel reports. The privately held Roundy’s Parent Co., which also operates the Copps and Rainbow […]

Posted in, Southwest

Arizona Bill Requires ID to Get Food Stamps

Conservatives traditionally don’t like the idea of national identification cards, citing Orwellian “big brother” fears. Those same concerns aren’t always held when it comes to trying to keep illegal immigrants from getting jobs or welfare benefits, reports the Phoenix Business Journal. Some Arizona Republican lawmakers have introduced a new bill in the legislature requiring those […]

Posted in, National, Southeast, Suppliers

Smithfield Completes 100th Donation in Hungry Homes Tour

Virginia-based Smithfield has completed its 100th donation on its Helping Hungry Homes® tour—totaling more than 14 million servings of protein donated to local food banks across the country. “We’ve traveled from Miami, Florida, to Anchorage, Alaska, bringing hard-to-source protein to wonderful food assistance organizations and have just made our 100th tour donation,” said Dennis Pittman, […]

Posted in, Midwest

Capitol Day Brings Grocers to Madison, Wisc.

Brandon Scholz, president of the Wisconsin Grocers Association (WGA), spoke to The Shelby Report on Jan. 25 in Madison at the group’s annual “Grocers in the Capitol Day.” “It’s just so important to have our members come to the state’s capitol, whether it’s here in Wisconsin or any other state, to be a part of […]

Posted in, Northeast

C&S Awarded Grant for Expansion

Two businesses in Orange County, N.Y., have been awarded state grants to aid in expansions that will create jobs, www.poughkeepsiejournal.com reports. One is C&S Wholesale Grocers, which is buying an existing 175,000-s.f. facility and constructing a 345,000-s.f. refrigerated addition along with acquiring and installing machinery and equipment to expand the company’s operations in Chester, N.Y. […]

Posted in, National, West

Safeway Employees Contribute One Million Volunteer Hours in 2011

Pleasanton, Calif.-based Safeway Inc.’s companywide effort to mobilize its workforce and transform communities resulted in employees volunteering one million hours in 2011. “The number of hours along with the stories about employees who unselfishly gave their valuable time are inspiring and humbling,” said Larree Renda, Safeway EVP and chair of the Safeway Foundation. “Through their […]

Posted in, Equipment & Technology, National

FMI: PINs Imperative as New Chip Card Technology is Adopted

As the U.S. migrates to Chip card technology for payments, it will be imperative that card issuers enable a PIN (personal identification number) for their cards to prevent fraud. Liz Garner, director of government relations for the Food Marketing Institute (FMI), noted, “With recent announcements by the card networks, and more anticipated this spring, it […]

Posted in, Marketing News, New Products, Northeast

Stop & Shop’s Guaranteed Value Products Get New Look

With tightened family budgets, Stop & Shop is re-introducing its Guaranteed Value product line with a new look and new products at affordable prices. All of the approximately 200 Guaranteed Value products have been quality tested and Stop & Shop will continuously be adding new items to help customers save throughout the store. Customers will […]

Posted in, National

Kraft Cutting 1,600 Jobs

Northfield, Ill.-based Kraft Foods Inc. plans to cut about 1,600 jobs in North America as it splits into two separate companies, reports the Memphis Business Journal. The Journal reports the 1,600 jobs represent about 1.3 percent of the company’s workforce. Kraft has about 127,000 employees, including about 46,500 in North America. Forty percent of the […]

Posted in, Northeast

Giant Eagle Opens Market District in Pittsburgh’s North Hills

Giant Eagle Inc. today opened its fifth Market District location in five years—and its first in Pittsburgh’s North Hills suburbs. Located in the Township of Pine at 155 Towne Centre Dr., the newly expanded 90,000-s.f. culinary, dining and shopping destination is celebrating its grand opening with in-store demonstration and autograph signing appearances by food celebrities […]

Posted in, Equipment & Technology, Shelby Content, Southeast

GE Capital Provides Credit Facility to Navarro Discount Pharmacy

GE Capital, Corporate Retail Finance is now the administrative agent and sole lender on a $65 million asset-based credit facility for Navarro Discount Pharmacy, the largest Hispanic-owned pharmacy chain in the U.S. and an MBF Healthcare portfolio company. The financing will be used to refinance debt and for general corporate purposes. Founded in 1960, Miami-based […]

Posted in, West

Your Local Market Hosts Charity Benefit Friday

Your Local Market in Bellevue, Wash., will hold a benefit Friday, Jan. 13, for Bellevue LifeSpring (formerly Overlake Service League), a local charity that provides emergency services, youth programs and educational assistance within the Bellevue community. The event, FridayFest, is free and open to the public, with wine and beer tasting and free samplings all […]

Posted in, West

Fresh & Easy Shutters A Dozen Stores

Several Fresh & Easy grocery stores that are underperforming will be temporarily closing, KABC Los Angeles report. The company that owns the stores said it is shutting down 12 locations in California, Arizona and Nevada “At this time, there is simply not enough growth in sales and customers at these stores to keep them open. […]

Posted in, Northeast

Grocery Workers Mobilize for Giant, Safeway Bargaining

Demanding that Giant and Safeway “share the fruits of our labors,” UFCW Local 400 stewards and activists are mobilizing for the start of bargaining Wednesday, Jan. 11, on a new contract affecting 17,000 workers in the Washington, D.C., area. “With their current contract expiring on March 31, 2012, and with both companies enjoying strong profits […]