Corporate Governance

Priceline.com chairman and CEO Richard S. Braddock announced on Friday that he has cancelled plans to sell shares of priceline.com stock over the next 12 months and has elected instead to purchase 750,000 additional shares through the exercise of stock options.

The terrorist attacks on the World Trade Center and Pentagon have caused consumers in the Northeast to forego eating in restaurants and return to supermarkets, increasing sales of home meal replacement items and comfort foods.

Beleaguered British retailer Marks & Spencer is expected to finalize the sale of its upscale U.S. grocery division Kings Super Markets, as well as its Brooks Bros. clothing stores, in October.

U.S. retailers are expected to experience the weakest holiday season since the recession of 1991, senior economists from the Retail Intelligence System (RIS) of PricewaterhouseCoopers forecast.

SUPERVALU INC. on Thursday announced results for the second quarter of fiscal 2002, which ended September 8, 2001. The company reported sales for the second quarter of $4.7 billion, net earnings of $52.1 million, earnings per share of $0.39 and cash earnings per share of $0.46.

ConAgra Foods, one of the world's largest packaged food companies, reported record first quarter sales and earnings for the period ending August 26, 2001.

Progressive Grocer and Supermarket Business would like to offer our thanks to the supermarket companies who are contributing to the relief efforts in New York and Washington.

The WorldWide Retail Exchange on Wednesday announced that it has signed a definitive agreement with UDEX, an Internet environment for the construction and exchange of product information. Through the agreement, the Exchange will use UDEX as a "Descriptor Standardization Agent" and will deliver a universal standard for product attributes and value descriptions.