Retail News Breaks Archives
Safeway Inc. has agreed to be acquired by AB Acquisition LLC, parent of the Albertsons supermarket chain and an affiliate of Cerberus Capital Management LP, in a deal valued at more than $9 billion.
Costco Wholesale Corp. and Kroger Co. each reported profit declines in their most recent fiscal quarters. But while Costco's results missed analysts' forecasts, Kroger's beat expectations.
Target Corp. chief information officer Beth Jacob resigned on Wednesday.
Former Save-A-Lot executive Tom Lenkevich has joined Ahold USA's Giant/Martin's division as president.