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September 05, 2010
Ahold U.S. chains post second-quarter sales gains despite tough environment for supermarkets.
“We are in a very strong position because of the repositioning activities that we have taken and the strength of our balance sheet, whereas others are in a more difficult position on both of those fronts,” said CEO John Rishton.
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A&P has appointed Tom O’Boyle to the new position of executive vice president with responsibility for merchandising, marketing, supply and logistics. Sears Holdings Corp. slashed its second-quarter loss by more than half but the improvement fell short of analysts’ expectations as weak consumer spending hampered sales. According to the San Francisco Chronicle, Tesco PLC’s Fresh & Easy Neighborhood Market chain will enter the northern California market by opening seven stores in the Bay Area early next year. Second-quarter profits rose 37.1% to $78 million on a 12.7% rise in net sales to $1.38 billion at Dollar Tree Inc., as consumers looking for low prices drove same-store sales up a robust 6.7%. Persistent high unemployment and wary consumers added up to sluggish second-quarter sales at three major mass market retailers, although their expectations for the rest of the year vary widely. A&P has filed a federal lawsuit claiming that Ahold's Stop & Shop chain is lying to consumers about having lower prices.
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The Grocery Manufacturers Association (GMA) has bestowed its 2010 Hall of Achievement Award to A. G. Lafley, former chairman, president and chief executive officer of Procter & Gamble Co. (P&G). Actavis Inc.'s FeverAll acetaminophen suppositories have returned to store shelves. New Leaf Brands Inc. has entered a distribution agreement with Ahold USA supermarket chain Giant Food for its natural healthy beverages. Publix Super Markets Inc. will carry Reed's Inc.'s Natural Ginger Nausea Relief in all its stores, the supplier said.
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