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Nash Finch Files $18M Counterclaim Suit against Roundy's over DCs Deal
MINNEAPOLIS -- The legal fight between Nash Finch Co. here and Roundy's Supermarkets, Inc. is heating up, with lawsuits flying. Nash Finch said yesterday it is seeking in excess of $18 million for damages in a counterclaim lawsuit against Roundy's, which had filed a breach of contract lawsuit against Nash Finch on February 11, 2008, after the two companies failed to resolve a dispute concerning Nash Finch's 2005 acquisition of two distribution centers from Roundy's. -
Spartan Stores Q3 Profit Rises; Net Sales Up More Than 15 Percent
GRAND RAPIDS, Mich. -- Spartan Stores here posted third-quarter net income of $10.6 million or $49 cents per share, vs. $5.9 million, or 27 cents per share, in the same quarter last year. Consolidated net sales for the 16-week third quarter ended Jan. 5 reached a five-year high, increasing 15.6 percent to $826.1 million, from $714.4 million in last year's third quarter. The net sales improvement was due primarily to the acquisition of Felpausch stores, strong comparable-store sales growth of 3.4 percent (excluding fuel center sales), and incremental distribution sales to new and existing customers.