US retailer Safeway Inc has joined the recall of ground beef products supplied by XL Foods over fears that it could be contaminated with e-coli. Ground beef sold at the self-service meat counter and full-service meet cooler at Safeway ...
Tags: beef products, e-coli, Ground beef
US retailer Family Dollar Stores has booked an increase in full-year earnings as the group continued its store openings and benefited from increased customer traffic. Net profit in the 12 months ended 25 August amounted to US$422.2m, an ...
Tags: Net profit, Operating profit, Net sales
US retailer Save Mart has appointed Greg Hill as its CFO. Hill has spent the past 14 years serving on executive leadership teams for both private and public companies, primarily as CFO, but also in general manager and CEO positions. He ...
Former KPMG international chairman Tim Flynn has joined Wal-Mart Stores as a director and will sit on the retail giant's audit committee. Flynn, who spent 32 years at KPMG, joins the US retailer at a time when it is investigating ...
Tags: Wal-Mart Stores, food industry company, bribery claims
Belgian retailer Delhaize has posted a drop in first-half profits and said it now expects to achieve the bottom-end of its full-year earnings guidance range. Profit in the six months to the end of June slumped 65.9% to EUR83m (US$103.5m), ...
US convenience retailer Casey's General Stores has signed a deal to acquire 22 convenience stores from US retailer Kum & Go. The outlets are located in Iowa, Missouri and North Dakota. "These stores are an excellent fit to our existing ...
US retailer Wal-Mart has said that it will continue to focus on delivering low prices to drive higher volumes in the remainder of the year, after booking third-quarter sales and earnings gains. In its third-quarter update today (15 ...
Tags: Wal Mart, low prices, third quarter sales, food industry
Takeover talks between private-equity firm Cerberus Capital Management and US retailer Supervalu Inc are reportedly continuing despite rumours discussions had stalled. Negotiations between Supervalu and Cerberus were held this weekend, ...
Tags: takeover talks, retailer, Supervalu Inc, Cerberus Capital Management
The US retail giant Walmart has issued a statement about its trade relationship with the Bangladesh readymade garment(RMG)factory that burnt down killing more than 110 workers in a fire accident. According to a statement issued by ...
Tags: Walmart, RMG, fire accident, garment
US retailer Target Corp. has booked a jump in third-quarter profits, which benefited from higher sales and one-off gains. In a filing yesterday (15 November) Target said it had earned US$637m, or $0.96 per share, in the third quarter ...
Tags: jump in profits, retailer, stocks, higher sales
US retailer Roundy's Inc said a "more challenging economic and competitive environment" affected results in the third quarter as profits fell. Earnings in the three months ended 1 October amounted to US$8.8m compared to $12.4m a year ...
Tags: retailer, competitive environment, profits fell, grocer
US retailer Supervalu Inc has recalled ground beef products supplied by XL Foods over fears that it could be contaminated with E. Coli. The beef products were imported to the US from Canada by XL Foods and distributed to Supervalu-owned ...
Tags: Supervalu Inc, recalled, beef products, E.Coli
US retailer Kroger has raised its full-year earnings guidance after booking an increase in first-half profits. In the six months to the end of June, earnings climbed to US$718.4m from $713.1m a year earlier, the company reported today (7 ...
Tags: retailer, raised earnings guidance, supermarket, increase
US retailer Supervalu has named Robert Bly president of Shoppers, a 56-store division operating discount outlets in Baltimore and Washington DC. Bly most recently served as VP of Sears-owned K-Mart, where he worked on efforts to grow ...
Tags: Supervalu, named, retailer, food, retail operations
US retailer Supervalu Inc has announced plans to more than double the number of products offered under its Essential Everyday own label. Essential Everyday, first launched last year, will be expanded to include 2,700 products across "more ...
Tags: quality food, cereal, dairy, bread, canned goods, frozen foods, pasta, sauces