Monday, January 25, 2010

Monday News at Noon

A hearing Monday in U.S. Bankruptcy Court should seal the sale of beleaguered Penn Traffic Co. to Tops Markets.

Acme cuts hours of 131 employees
The recession and price deflation are being blamed for cuts in employee hours and positions at Akron-based grocer Acme Fresh Markets.

Walmart has laid off an unspecified number of Sam's Club staffers, say several former employees of the company, a report from Forbes.com.

More:
Business Week: Wal-Mart Stores Inc.’s Sam’s Club chain, the second-largest U.S. warehouse club, will cut about 11,200 jobs in the next month after hiring an outside company to take over in-store product demonstrations.

Wall Street Journal:  Sam's Club, engaged in a tough struggle to stand apart from competitors, is cutting about 11,000 jobs and is turning to an independent marketing firm to handle in-store product demonstrations at its warehouses nationwide.

The Hudson Reporter reports on the new Walmart in Bergen County's impact on other supermarkets throughout New Jersey.

The New York Times reports on Walmart's continued struggles expanding in Chicago.

Walmart is also facing expansion troubles in Ontario.

The Brooklyn Daily Eagle covers the Outer Borough Supermarket Attraction event.

Brooklyn Daily Eagle: Borough Pres calls for more Affordable Units, Supermarket in retail space.

And Elizabeth Benjamin reports Bloomberg says the city will be forced to layoff 18,500 workers if Patterson's "unfair" budget is enacted.

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