Walmart

LONDON - Retail tycoon Philip Green has formally submitted his bid proposal for UK supermarket Safeway Plc, the Office of Fair Trading said on Tuesday, showing he is serious about joining the hotly contested takeover battle.

SCHAUMBURG, Ill. - Valentine's Day week generates more candy sales than any other holiday week, according to ACNielsen U.S., an operating unit of ACNielsen, a VNU company.

CHICAGO - Kmart Corp. on Tuesday said it would distribute groceries to its stores by itself for now after ending a supply deal with Fleming Cos. Inc. late on Monday.

LONDON - Britain's biggest supermarket group Tesco Plc on Wednesday joined its major rivals by considering a bid for the UK's fourth-biggest grocery chain Safeway Plc.

LONDON - The bidding war for the British supermarket chain Safeway PLC escalated Friday when U.S. buyout specialist Kohlberg Kravis Roberts & Co. said it had made an approach to Britain's fourth-largest food retailer, The Associated Press reports.

NASHVILLE - The Kroger Co. revealed plans this week to spend $120 million over the next two years opening new stores or remodeling and expanding existing locations in Middle Tennessee, the The Tennessean reports.

LONDON - UK supermarket operator Tesco is conducting a trial of radio frequency identity tags on Gillette razor blades at one of its stores, the BBC reports.

CHICAGO - Discount retailer Kmart Corp. said on Tuesday its board approved the closure of 326 of its 1,800 stores in hopes of emerging from bankruptcy as soon as April 30. The retailer also said it would cut as many as 37,000 jobs.