Earnings slipped at the The Kroger Co. in the first quarter but still beat analyst estimates as the company prepares to defend its proposed merger with Albertsons Cos. Company net earnings were $947 million, or $1.29 per diluted share, versus $962 million, or $1.32...
In keeping with its ongoing store expansion initiative, Meijer has announced opening dates for new supercenter operations in Michigan and Ohio, adding to its store count in what is the company’s 90th anniversary year. The 159,000 square foot Hillsdale supercenter in...
Supermarket operator Giant Eagle has appointed Bill Artman chief executive officer after having been named interim CEO in March, with other executive changes occurring simultaneously. During 40 years with the company, Artman has served in various executive leadership...
As ownership sells off the components of Southeastern Grocers, Aldi has announced that it entered into a definitive agreement to acquire Winn-Dixie and Harveys Supermarket, which together include about 400 locations. Already a top retailer in the United States and...
Although earnings slipped year over year, Albertsons beat Wall Street estimates for the first quarter driven by a gain in identical sales, even if inflation was part of the increase. Net income was $417.2 million, or 72 cents per diluted share, versus $484.2 million,...
