Supermarket operators beware! Dollar stores are selling more food, listing more items at above a buck, and proliferating at the rate of more than 1,000 a year.
GRAND RAPIDS, Mich. - Spartan Stores Inc. on Wednesday reported that consolidated net sales for its first quarter ending June 22, 2002 decreased 8.0 percent to $765.6 million from $832.5 million in last year's first quarter.
BOISE, Idaho - When Albertsons Inc. today broke ground on its newest Tulsa store location at Pine and Peoria, the company also announced plans to heavily invest new capital in the state of Oklahoma.
NEW YORK - Two of the world's biggest food companies - Nestle and Kraft Foods - are expected to lead the pursuit of Hershey Foods, whose controlling shareholder announced it would be selling its stake in the renowned chocolate-maker.
SHANGHAI - Lianhua Supermarket Co., China's largest retail chain, is looking to list its stock publicly, but hasn't yet decided where or when, a senior company official told Dow Jones today.
NEW YORK - U.K. retailer Marks & Spencer PLC sold New Jersey-based Kings Super Markets to D'Agostino Supermarkets for $160 million in cash, Dow Jones reported.
AUSTIN, Texas - Albertsons Inc. today announced plans to invest more than $100 million for new store and fuel center construction, as well as existing store remodels, in the Austin market during the next four years.
