Retail

NEW YORK - Kmart Corp, responding to a Wall Street analyst's suggestion that it may face bankruptcy, today said the company has sufficient funds and available lines of credit to continue to carry out its strategies, Reuters reports.

NEW YORK - Poor neighborhoods have fewer supermarkets and food service offerings than wealthier areas, according to a study by the US Environmental Protection Agency that was recently published in The American Journal of Preventive Medicine, Reuters reports.

LONDON - Record numbers of customers helped the UK's Asda, the supermarket group owned by Wal-Mart, report double digit like-for-like sales growth over Christmas, the Financial Times reports.

WASHINGTON - The U.S. Agriculture Department said today that two firms in Kentucky and Ohio are voluntarily recalling 266,000 pounds of ham products that may be contaminated with non-food foreign material, Reuters reports.

LONDON - Britain's four biggest supermarket chains on Tuesday signed a code of practice intended to prevent them from abusing their power over suppliers, Reuters reports.

WASHINGTON, DC - CPG manufacturers and retailers must trust each other enough to share information if B2B e-commerce is to become a reality, according to a new "e-readiness study" conducted by Roland Berger & Partner, LLC for the Grocery Manufacturers of America.

MEMPHIS, Tenn. - Concord EFS Inc., an electronic commerce provider, announced on Tuesday an agreement to acquire The Logix Companies, LLC, an electronic transaction processor and service provider based in Longmont, Colo.

MINNEAPOLIS - Supervalu Inc. today announced record net earnings and earnings per share for the third quarter of fiscal 2002 which ended Dec. 1, 2001.