Skip to main content

Retail

  • Report: Fleming Pushed Kmart Over the Edge

    NEW YORK - The news that Fleming Cos., Kmart's major food distributor, had decided on Monday to halt shipments after the retailer failed to pay its weekly bill was the final nail in the coffin for Kmart, which filed for bankruptcy protection on Tuesday, according to a report published by Retail Merchandiser magazine.
  • Kmart Files for Chapter 11 Bankruptcy

    TROY, Mich. - Kmart Corp. announced today that the company and 37 of its U.S. subsidiaries have filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code.
  • Ahold, La Fragua and CSU Complete Joint Venture in Central America

    GUATEMALA, COSTA RICA, and ZAANDAM, The Netherlands - Paiz Ahold, the 50/50 joint venture of La Fragua and Ahold in Central America, and Costa Rican supermarket and hypermarket company CSU have announced the completion of their new regional joint venture.
  • Amazon.com Posts First-Ever Profit

    SEATTLE - Amazon.com posted its first net profit ever in the fourth quarter, beating its own forecasts and Wall Street's expectations, The Associated Press reports.
  • Stop & Shop Signs Letter of Intent for Big V Supermarkets

    QUINCY, Mass. - The Stop & Shop Supermarket Company announced that it has entered into a letter of intent with representatives of the creditors of Big V Supermarkets to purchase 27 of the stores and other assets of the company for $255 million.
  • Kmart Announces Changes in Top Management

    TROY, Mich. - Kmart Corporation today announced that James B. Adamson has been elected non-executive chairman of the board of directors effective immediately, and will serve as the principal liaison between the board and the company's senior management.
  • Asda to Create 10,000 New Jobs in 2002

    LONDON - Asda, the U.K.'s third largest supermarket chain, said it hopes to create up to 10,000 new jobs this year, the BBC reports.
  • PriceSmart Announces Mexico Joint Venture

    SAN DIEGO - Warehouse club operatorPriceSmart Inc. on Tuesday announced a major investment by, and the entering of a joint venture agreement with, Grupo Gigante, S.A. de C.V., one of Mexico's largest grocery and retail store chains.
X
This ad will auto-close in 10 seconds