In connection with its proposed merger, Kroger and Albertsons agreed to sell 413 stores — including Mariano's, QFC and Carrs brand names — eight distribution centers, two offices and five private label brands across 17 states and Washington, D.C., to C&S for approximately $1.9 billion.
Retail chains Shopko Stores and Pamida have agreed to merge in a deal expected to close in mid-February that will increase the number of stores operating under the Shopko banner to 350 in 22 states from 149 stores in 13 states currently, the Superior Telegram reported.
Despite annual revenue averaging $50 million for the past three years and profitable stores, a lack of financing has led niche grocery chain Michael’s Market Inc. to file for Chapter 11 bankruptcy protection, the
Since drug-store giant Walgreens acquired it two years ago, New York retailer Duane Reade has launched an “aggressive rollout plan” that includes store remodels and a new emphasis on fresh food, reported
Stocks of Hershey Co. and other noncyclical businesses gained an average of about 16 percent in 2010, outpacing a lackluster S&P 500, which inched up 0.6 percent in 2011 through Dec. 23, Bloomberg Businessweek reported.
To better cater to local customers, Great Atlantic & Pacific Tea Co. (A&P) has revamped its Bergenfield, N.J.-based Pathmark store to feature triple the variety of kosher offerings, including a kosher bakery, meat counter and prepared foods, the company said in a release.