|
Inside This Issue - News
Although the state of the economy on the national and local level is the top concern of the food retail industry, supermarkets are emphasizing private brands to offset the negative effects of the volatile situation, according to data presented by the Food Marketing Institute. Supervalu Inc. has named Santiago Roces president and chief executive officer of its growing Save-A-Lot limited-assortment discount grocery chain. The National Association of Chain Drug Stores has created a higher standard of value for its members, executives said at the NACDS Annual Meeting here last month. Walmart management has described its plans for future growth both here and abroad with great clarity over the past several months. A late Easter boosted April sales, but analysts warned that high gas prices could dissuade spending in the near term. Carrefour SA has begun the rollout of its new hypermarket format, Carrefour Planet. Tesco PLC posted a 14.1% gain in full-year net profits as hefty growth in parts of Asia offset more modest results in the United Kingdom and losses in the United States and China.
|