Strategy

Homeland Holding Corp. announced Tuesday that it will close eight of its most severely under-performing grocery stores as part of a reorganization plan launched a month ago.

Retail giants Kmart Corp., Wal-Mart Stores Inc. and Target Corp. are engaging in a price war prompted by the return of Kmart's famous BlueLight discount campaign. However, Wal-Mart and Target seem to be gaining market share on Kmart due to their retaliatory price cuts.

Delhaize Group, a global supermarket retailer headquartered in Brussels, Belgium, announced the promotion of two senior executives at two of its Delhaize America business units, following the Group's board of directors meeting held in Salisbury, NC.

Pathmark Stores Inc. reports results for its second quarter and six-month period ended August 4, 2001. Sales for the second quarter of fiscal 2001 were $997.7 million, up 7.3% from the $929.6 million in the prior year second quarter.

MyWebGrocer, provider of online shopping solutions to the retail supermarket industry, announced that it had secured a commitment of $2 million in additional funding from current investors.

Kmart Corporation on Thursday announced that it will restructure certain aspects of its overall operations. The focus of this restructuring program will be on the supply chain infrastructure, including the reconfiguration of Kmart's distribution center network and implementation of new operating software across its supply chain.

New government figures reveal that, while the priceAmerican farmers receive for their sugar has been running at its lowest level in more than two decades, the big grocers nationwide have jacked up the price they charge consumers for sugar to a 20-year high.

Purina Mills Inc. announced on Wednesday that its stockholders have approved Purina Mills proposed merger with a subsidiary of Land O'Lakes.