Image via WikipediaBloomberg News has more, Ron Marshall sat as the CEO of Borders before taking the A&P job. Yucapia Investments, who holds a 27% ownership stake in A&P, and Aletheia Research & Management, out of Santa Monica, Calif., recently purchased 147 million shares of A&P in a series of purchases between Oct. 15 and Dec. 15, representing an investment of more than $136.5 million. Aletheia, also last month, revealed it had bought a 10.8% stake in bookseller Barnes & Noble, another company in which Yucaipa has invested this year.
The InstoreMarketer.org gives a Field Report on A&P:
The Great Atlantic & Pacific Tea Co. plans to scale back on a strategy which presented an array of short-term promotions that left shoppers "confused," its chairman recently told investors. The company had hoped to boost sales through a variety of programs that included both weekly and four-day sales, campaigns for its general loyalty program and distinct pet- and baby-related efforts, and a number of other promotions.
MY UFCW Blog: Whole Foods has a Bright Idea: Fat Tax for Employees.
ABC News wonders if this plan is fair.
Meanwhile John Mackey's pay was valued at $654K in 2009.
Supermarket News: Price Chopper here filed a lawsuit against Penn Traffic Co. this week alleging breach of contract after a bankruptcy judge approved the sale of Penn Traffic to Tops Friendly Markets, Williamsville, N.Y., according to reports.
More: Price Chopper Sues Penn Traffic for Breach of Contract.
Philadelphia-based ShopRite owner Jeff Brown was recognized during President Obama’s first-ever State of the Union address for the strides he has made in bringing supermarkets to impoverished urban areas.
Target & Safeway announce new Sustainable Seafood Initiatives.
Gristedes has told Supermarket News they're switching wholesalers, from White Rose to Wakefern.
Union Spotlights Green Cleaning:
Green cleaning standards, including safer cleaning products, have become a key focus of ongoing negotiations over labor contracts for 650 supermarket janitors working at Save Mart and Safeway stores in Northern California.
The Penn Traffic sale to Tops was approved, the UFCW released a statement on what the sale means for the thousands of Penn Traffic workers: "Thousands of UFCW members are hopeful that today's sale will give them the opportunity to maintain their jobs, their health benefits and pensions. Rebuilding this company is essential to the economic security of our communities and will require a strong partnership between Tops Market and workers."
More:
Buffalo News
Wellsboro Gazette: Said Tops Public Relations Manager Kate McKenna, “Although I cannot tell you which stores will be kept open, I can say that it is Tops’ intention to retain as many of the stores and jobs as possible. Right now, we are evaluating all 79 stores. Our decision as to which to keep open and which to close will also be reviewed by the Federal Trade Commission before any announcement can be made.”
Crain's NY: Labor-law violations seen costly for New York City workers.
Employer violations of minimum wage, overtime and other labor laws across an array of industries costs more than 317,000 low-wage workers in the city $18.4 million per week, according to a new study released Thursday.
FRESH
Recently two Bronx retailers, Foodtown & Western Beef submitted questionnaires that in order to receive NYC incentives from the recently passed Food Retail Expansion to Support Health bill (or F.R.E.S.H.), the city has posted them on the NYC FRESH website,
Western Beef's Questionnaire [pdf]
Foodtown Questionnaire [pdf]
Seeking Alpha looks at the top 6 trends for Supermarkets in 2010.
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Wal-Mart Stores said Thursday it is realigning its Walmart US organization to leverage its scale and move closer to the customer, effective Monday.2,500 Foxwoods dealers now have a tentative contract with the UAW.
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