Barry Callebaut CEO to step down next year
After serving as CEO of the Barry Callebaut Group since August 2009, Juergen Steinemann has decided to step down from his executive function by the end of fiscal year 2014/15. … Continue Reading →
Tag: Down
Strikes in Belgium shut down Delhaize stores: Reports
More than 100 stores owned by Delhaize in Belgium were unable to open Friday after employees at the company called a wildcat strike to protest the retailer’s proposed restructuring, reports … Continue Reading →
U.S. sales, margins down for Ahold in Q2
Ahold on Thursday said it U.S. sales, operating income and margins decreased during the fiscal second quarter, reflecting a decision to absorb some of its commodity price increases while making … Continue Reading →
Chiquita turns down acquisition offer
Chiquita Brands International Inc. has announced that its Board of Directors unanimously determined that the unsolicited offer from the Cutrale Group and the Safra Group announced on Aug. 11, 2014, … Continue Reading →
Apollo selling down Sprouts holdings
Sprouts Farmers Markets said certain shareholders led by Apollo Capital Management would sell 15 million shares of its stock in a secondary offering. read more Supermarket News
Baltimore independent reportedly shutting down
Stop Shop Save, a Baltimore independent that has served some of the city’s low-income neighborhoods since 1978, is in the process of closing the last of its five stores, according … Continue Reading →
Tesco down, Costco up in Top 25 Worldwide Food Retailers for 2014
While it comes as no surprise that Wal-Mart Stores retained its position as No. 1, SN’s Top 25 Worldwide Food Retailers for 2014 does see some changes near the top. … Continue Reading →
Families with kids continue to cut down on restaurant visits
Restaurant visits by families with kids (those including children under age 13) have been declining since 2008, reports The NPD Group, a global information company. IFT Daily News
Q1 earnings down at Weis
Weis Markets on Wednesday said net income declined by 26.6% in the fiscal first quarter while price investments to drive sales began to take hold. read more Supermarket News
Family Dollar to close 370 stores; Q2 sales, earnings down
Family Dollar Stores said Thursday that it would close 370 underperforming stores and slow plans for new store growth as sales and earnings plunged during the fiscal second quarter. read … Continue Reading →