Thursday, October 14, 2010

Thursday Afternoon News: Waldbaum's Closes Friday, More News from A&P

Waldbaum's in Levittown Closes Friday, Shoppers Forced Elsewhere
Levittown, NY--Though the store's closing has been known for quite some time, there is still no answer as to what will take its place. Rumor of a ShopRite have not been confirmed. 

Wall Street Journal: Grocery Chains Increase Ad Spending Amid Price War
Chains including Safeway and A&P are touting price cuts on thousands of items, a double whammy to profits: spending to entice customers to come in for lower-priced items. 

Meanwhile, Big Y, who purchased seven stores from A&P in Connecticut, is set to reveal their plans for the stores this week.  

Supermarket News covers the possible strike at Food Basics in New Jersey.

A&P Seeks Advice from Wall-Street Journal on Debt.

SN: Wal-Mart Confirms: Smaller Stores in Urban Areas Ahead....

They also announced that they'll spend a modest $13.5-$14.5 billion in capital spending next year, a 3.7% increase from 2010.

Wal-Mart to Boost Locally Sourced Fresh Food
Wal-Mart is planning to double the sales of fresh produce it sources from local farms in its U.S. stores by the end of 2015. 

Daily Finance: 5 Fun Facts About Wal-Mart
The Top-line numbers don't convey just how massive Wal-Mart really is. To further understand this retail giant, here are some fun facts that help illustrate its heft...

Wal-Mart's Holiday Wish: Better Sales
Although the world's largest retailer has been losing sales to its competitors this year, they expects sales to improve in the critical holiday shopping season. "We expect positive sales results in the fourth quarter"- Mike Duke, Wal-Mart's CEO

Whole Foods raises a bunch of cash to improve school lunches.
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