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Profits Missed Estimates, But Albertsons Claims It Won't 'Slow Down'
BOISE, Idaho -- While Albertsons' net earnings rose for the second quarter, it still remained below company estimates, leading to a drop in share price of just over 1 percent. But the retailer, which recently put itself up for sale, reaffirmed its guidance for the year, and its determination to keep improving, nonetheless. -
R.I. Stores Pitch in to First Statewide Plastic Bag Recycling Effort
EAST PROVIDENCE, R.I. -- Rhode Island has become the first state in the Union to launch a collection and recycling program for plastic grocery bags, and supermarkets are prominent players in the initiative. The program, known as "ReStore" and introduced at the start of Labor Day weekend, is free for both consumers and the 61 stores around the state that feature the effort's blue collection barrels.