Convenience Stores

PepsiCo and The Quaker Oats Company said today they have received unconditional clearance from the Federal Trade Commission to merge. With the last remaining regulatory hurdle to the transaction removed, they intend to complete the transaction within the next several business days.

Fleming Companies Inc. today reported a 59.7 percent increase in second quarter 2001 net earnings to $22.4 million, or $0.46 per share, after adjustments to exclude strategic plan charges and one-time items, compared to$14.0 million, or $0.35 per share, in the second quarter of 2000. Second quarter adjusted operating earnings of $66.1 million increased 20.5 percent from $54.9 million in the prior year.

While some retailers have yet to embrace 3-D CAD technology, others are quickly becoming dependent on its ability to review colors, materials, fixtures, lighting programs, and even merchandising plans.

Ingles Markets Inc. today announced increased sales and earnings for the third quarter ended June 30, 2001. Net sales rose 3.3% to $484.7 million for the June 2001 quarter compared with $469.4 million for the June 2000 quarter, while comparable store sales increased 2.2% for the same period.

Independent retailers are being offered the chance to orderdelivered wholesale stock on the internet.

Nash Finch Company and U Save Foods, Inc. today confirmed that they are in discussions for Nash Finch to acquire U Save Foods through a purchase of U Save's stock.

(AP) - Concerns about beef safety in Europe sent McDonald's Corp.'s [NYSE:MCD - news] profits lower for a third straight quarter.

(PRNewswire) - Nash Finch Company, a Fortune 500 Minneapolis-based food retailer and distributor, today announced the addition of two new directors to develop and roll-out the company's specialty store concepts, a Hispanic-oriented retail supermarket and Buy N Save, an extreme value retail store.