Monday, August 16, 2010

Monday Morning One Liners....A&P to Close 25 Stores...

PathmarkImage via WikipediaThe stock of Delhaize Group fell more than 11% on Friday after the company reported weak U.S. sales at its Food Lion division in the second quarter.

A&P on Friday said it would close 25 stores as it begins the implementation of its newly announced turnaround plan.A&P officials declined to provide a list of stores slated for closure, although a spokeswoman told SN Friday the closures “include those across our A&P, Waldbaum’s, Pathmark, Super Fresh and Super Foodmart banners.”

More @ Crain's

Here is A&P's official statement [Press Release]

AP: Smithfield, UFCW, Getting along after years of fighting..."Surprisingly, for the 17 years of fighting we had, our relationship is as good as any place with Smithfield that we represent,"

New York Times: The Laborers’ International Union has agreed to rejoin the A.F.L.-C.I.O., increasing hopes for the once-splintered labor movement to reunite under a single umbrella

More @ Politico
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