Corporate Governance

The new Food FleetXchange transportation Internet portal launched by Food Distributors International (FDI) and the National Grocers Association (N.G.A.) Aug. 1 is already expanding and adding new services, members of the two food industry associations were told on Sunday during the Midyear Executive Conference.

Retail giants Kmart Corp., Wal-Mart Stores Inc. and Target Corp. are engaging in a price war prompted by the return of Kmart's famous BlueLight discount campaign. However, Wal-Mart and Target seem to be gaining market share on Kmart due to their retaliatory price cuts.

Homeland Holding Corp. announced Tuesday that it will close eight of its most severely under-performing grocery stores as part of a reorganization plan launched a month ago.

Delhaize Group, a global supermarket retailer headquartered in Brussels, Belgium, announced the promotion of two senior executives at two of its Delhaize America business units, following the Group's board of directors meeting held in Salisbury, NC.

Pathmark Stores Inc. reports results for its second quarter and six-month period ended August 4, 2001. Sales for the second quarter of fiscal 2001 were $997.7 million, up 7.3% from the $929.6 million in the prior year second quarter.

MyWebGrocer, provider of online shopping solutions to the retail supermarket industry, announced that it had secured a commitment of $2 million in additional funding from current investors.

Kmart Corporation on Thursday announced that it will restructure certain aspects of its overall operations. The focus of this restructuring program will be on the supply chain infrastructure, including the reconfiguration of Kmart's distribution center network and implementation of new operating software across its supply chain.

United Food and Commercial Workers 588-Northern California today announced that it had reached tentative Agreement on a new, three-year collective bargaining agreement for its over 7,000 members who work in area Raley's, Bel Air and Nob Hill Foods supermarkets.