Chiquita Brands International Inc. multiplied its losses to $335 million, or $7.24 per diluted share, for the fourth quarter of 2012 when compared with the same quarter in the previous year, the Charlotte Business Journal reports. The company had reported a loss of $16 million, or 36 cents per share, during the fourth quarter of […]
Tag: financial
Posted in, National
Number Of Americans On Food Stamps Hits New High
According to the latest U.S. Department of Agriculture report released Friday, the number of U.S. participants in the Supplemental Nutrition Assistance Program (SNAP, or also referred to as food stamps) has hit another all-time record high of 47,791,996 for the month of December 2012, with an average per-person benefit of $133.73 per month. Despite the […]
Posted in, National, Store News
Weak Outlook Sends Fresh Market To 52-Week Low
Greensboro, N.C.-based The Fresh Market Inc. today reported a higher profit and revenues for the fourth quarter of fiscal 2012, but the specialty grocer’s weak forecast and failure to meet analyst expectations sent its share prices tumbling, according to The Business Journal. Shares of The Fresh Market hit a 52-week low of $36.51 today after […]
Posted in, Northeast, Store News
Weis Markets Issues 4Q Results
Weis Markets Inc. today reported its fourth quarter and year-end net income increases. The Sunbury, Pa.-based company says these results were achieved in a 52-week fiscal year compared to a 53-week fiscal year in 2011. For the 13-week period ending Dec. 29, 2012, the company’s net income increased 14.5 percent to $22.1 million compared to […]
Posted in, Northeast, Store News
Two Mass. Shaw’s Getting Belmont Savings Bank Branches
Belmont Savings Bank plans to open two new full-service in-store branches at Shaw’s Supermarkets: one at the Star Market located at 699 Mount Auburn St. in Cambridge, Mass., and another at the Shaw’s overlooking the Mass Pike at 33 Austin St. in Newtonville, Mass. The branches will open in the second and third quarters of […]
Posted in, Midwest, National
NFC Foundation Grants, Donations Totaled $690K In 2012
The NFC Foundation, a Nash Finch Co. charitable organization, provided more than $690,000 in grants and donations to nonprofit organizations in 2012, representing a 47 percent increase in giving over 2011. The NFC Foundation provides funding to selected nonprofits in areas where Nash Finch associates live and work, primarily in the foundation’s focus areas of […]
Posted in, National, Store News
Safeway Debuts Its Own Debit Card To Avoid Bank Fees
Safeway has introduced a combined debit card and store loyalty card so that it can pull money directly out of a customer’s checking account without paying the hefty fees it incurs when customers pay with a bank’s debit card, the San Francisco Business Times reports. Those signing up for the program get a new Safeway […]
Posted in, National
Former Hostess Workers Eligible To Apply For Trade Adjustment Assistance
The U.S. Department of Labor said Tuesday that approximately 18,000 workers laid off in 48 states from 864 Hostess company locations are eligible to apply for Trade Adjustment Assistance. “As President Obama said in his State of the Union address, ‘to grow our middle class, our citizens must have access to the education and training […]
Posted in, Store News, West
Sprouts Farmers Market Said To Be Considering IPO
Phoenix, Ariz.-based Sprouts Farmers Market is mulling an initial public offering of stock, according to a Bloomberg report. The Phoenix Business Journal says that the natural foods grocer, which generates revenues in the neighborhood of $2 billion, may begin interviewing underwriters to work on an IPO. Sprouts, started as a family owned chain in 2002, […]
Posted in, National
Simpson, Bowles Talk Fiscal Policy
During the NGA Show’s opening day, former Sen. Alan Simpson (R-Wyo.) and Sen. Erskine Bowles (D-N.C.), co-chairs of the National Commission for Fiscal Responsibility and Reform, discussed the economy and America’s current fiscal system in a lively keynote presentation. Both speeches emphasized unsustainable spending and national debt, covering healthcare, Social Security, national defense, taxes and […]
Posted in, National
NGA Files Amicus Curiae Brief With U.S. Supreme Court
The National Grocers Association (NGA), along with the National Community Pharmacists Association (NCPA) and National Association of Convenience Stores (NACS), has submitted a brief to the Supreme Court of the United States, as amici curiae, in American Express Co. et al. vs. Italian Colors Restaurant et al. The brief was submitted on behalf of the […]
Posted in, Perishables, West
Zacky Farms Sell Its Assets To Lillian Zacky Family Trust
Fresno, Calif.-based Zacky Farms LLC has conducted a Chapter 11 auction for substantially all of its assets and says that The Robert D. Zacky and Lillian D. Zacky Family Trust was the successful bidder. As part of the transaction, the trust will retain substantially all of the Zacky employees. The auction results were announced at […]
Posted in, Equipment & Technology, National
Western Union Signs Five-Year Agreement With Safeway
The Western Union Co., a leader in financial services, has renewed an agreement with Safeway Inc., one of the largest food and drug retailers in North America. Under the terms of the agreement, more than 1,640 Safeway store locations across the United States and Canada will continue to offer Western Union global money transfer services. […]
Posted in, Southwest
Colorado’s Grant Family Farms Files For Chapter 7 Bankruptcy
Colorado’s first Certified Organic Farm—Grant Family Farms—has filed for Chapter 7 bankruptcy, The Denver Post reports. “Grant Family Farms is confident that some things are worth saving and believes that this community-supported farm is one of them,” the farm said in a statement. “The Farm is working hard and is hopeful that it will emerge […]
Posted in, National
Four Promoted At Financial Supermarkets Inc.
Roy Bell, president and CEO of Financial Supermarkets Inc. (FSI), has announced the promotion of four associates within the company: Joseph A. (Beau) Wingate Jr. to the position of EVP, director of sales; Lisa Harper to the position of CFO; Kelly Franklin to the position of controller; and Tina Coleman to the position of SVP-director […]
Posted in, National
Cigarette Prices Going Up
The cost of a pack of cigarettes from the nation’s two largest tobacco manufacturers is going up 6 cents. The Business Journal reports that Altria Group Inc. and Winston-Salem, N.C.-based Reynolds American Inc. plan to raise prices next week. Greensboro, N.C.-based Lorillard Inc. also is raising prices 6 cents on its Kent, Maverick, Newport and […]
Posted in, National, Store News
The Fresh Market Reports Rise In Profits
Greensboro, N.C.-based The Fresh Market is reporting that, in its third fiscal quarter ending Oct. 28, net sales increased 22.1 percent to $321.5 million and comparable store sales increased 5.6 percent, compared to the corresponding 13-week period last year. Net income in the third quarter of fiscal 2012 increased 19.0 percent to $10.9 million, from […]
Posted in, National
ConAgra Foods To Acquire Ralcorp
ConAgra Foods Inc. and Ralcorp Holdings Inc. have announced that the boards of directors of both companies have unanimously approved a definitive agreement under which Omaha, Neb.-based ConAgra Foods will acquire Ralcorp, the largest manufacturer of private label food in the U.S. with headquarters in St. Louis. Under the terms of the agreement, Ralcorp shareholders […]
Posted in, Albertsons, National
Supervalu Freezes Salaries, Cuts Benefits For Employees
Supervalu Inc. has cut the company 401K match and frozen salaries for thousands of its employees, the Minneapolis/St. Paul Business Journal reports. “As we have stated in our last two earnings calls, we need to immediately take costs out of the business in order to fund our growth plans,” said Michael Siemienas, a spokesman for […]
Posted in, Independent Store News, National
IGA Donates $265K To Wounded Warrior Project
IGA has donated $265,000 to Wounded Warrior Project (WWP) as a result of the second annual IGA Exclusive Brand national marketing initiative that ran in participating IGA stores from Memorial Day weekend through Labor Day weekend this year. During the promotional period, IGA donated a portion of the proceeds from the sale of IGA Exclusive […]