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David Goodman | Oct 02, 2013 |
Supermarket News

Tesco's Fresh & Easy chain files for bankruptcy protection

After much speculation, Tesco’s Fresh & Easy Neighborhood Market has filed for bankruptcy protection, just weeks after it was announced that Yucaipa Cos. would buy most of the chain’s stores. The bankruptcy filing lists debts of more than $500 million and assets of $100 – $500 million. According to Fresh & Easy, the move is […]
David Goodman | Sep 26, 2013 |
Supermarket News

Nonprofit supermarket set to open in Chester this weekend

Fare & Square, a nonprofit grocery store created by Philabundance, also a nonprofit organization, plans to open this Saturday in Chester, PA, a community declared as a food desert by the federal government. The government defines a food desert as a low-income area lacking ready access to healthy food. The $7 million store is the […]
David Goodman | Sep 26, 2013 |
Supermarket News

Acme in King of Prussia to take on Wegmans

The Philadelphia Business Journal and The Times Herald reported this week on Acme’s recent makeover in King of Prussia, as the former market leader attempts to battle with Wegmans and other local food retailers for market share. According to the articles, Acme has lowered prices on 7,000 grocery items, eliminated its loyalty card and made some […]
David Goodman | Sep 24, 2013 |
Supermarket News

Weis Markets CEO resigns

Weis Markets announced yesterday that CEO David J. Hepfinger has resigned as CEO “to pursue other interests.” Jonathan Weis, the company’s vice chairman, has been named CEO on an interim basis. Hepfinger served as CEO for more than four years, during which time the supermarket chain experienced significant store expansion and renovation programs, including the […]
David Goodman | Sep 20, 2013 |
Supermarket News

Supermarket analysts expect more industry consolidation

Supermarket analysts gathered at the 18th annual Supermarket News Analysts Roundtable in New York earlier this week and agreed that a new wave of consolidation will hit the industry in the near future, and that Kroger may lead the way as a buyer. In the last two weeks two major deals have been announced: Albertsons LLC agreed […]
David Goodman | Sep 16, 2013 |
Supermarket News

Sales increase at Food Lion, Bottom Dollar still not profitable

Delhaize Group sales and earnings increased in the company’s second quarter due in part to sales increases at Food Lion, according to a company statement issued last month. U.S. sales for Delhaize, which includes Food Lion, Hannaford and Bottom Dollar, improved 0.4% to $4.25 billion, as compared to the same period one year ago. Margins […]
David Goodman | Sep 16, 2013 |
Supermarket News

Costco sales exceed $100 billion

Costco announced earlier this month that sales for the fiscal year ended September 1 were $102.9 billion, a 6% increase over the previous year and the first time sales ever reached $100 billion. Costco also reported that fresh foods had positive comp-store sales “in the high single digit range” for the month of August, with […]
David Goodman | Sep 16, 2013 |
Supermarket News

Tesco paying Yucaipa to take on its Fresh & Easy grocery stores

Nearly three years ago I posted a story titled, “Who is Tesco and why should we care?” I pointed out that the world’s third largest retailer and dominant grocer in England had 168 Fresh & Easy grocery stores on the west coast of the United States, and had the capital to make itself a supermarket […]
David Goodman | Sep 03, 2013 |
Supermarket News

Dollar Tree continues to add coolers, ramp up competition with food stores

Dollar Tree said last month that it would add coolers for frozen and refrigerated foods to 550 stores this year, which is more than it has ever added in one year. Coolers were added to 215 stores in the company’s second fiscal quarter, and it now has coolers in nearly 3,000 of its 4,842 locations. […]
David Goodman | Sep 03, 2013 |
Supermarket News

Weis opens fourth New Jersey store

Last Monday Weis opened its fourth New Jersey store, this one on Route 206 in Hillsborough. The store is 55,200 square feet and features the usual departments plus an in-store pizza kitchen and online shopping. The company expects that the store will receive the EPA’s GreenChill Gold-Level Certification. That’s great for the environment, and if […]

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