Market Trends

MyWebGrocer, provider of online shopping solutions to the retail supermarket industry, announced that it had secured a commitment of $2 million in additional funding from current investors.

United Food and Commercial Workers 588-Northern California today announced that it had reached tentative Agreement on a new, three-year collective bargaining agreement for its over 7,000 members who work in area Raley's, Bel Air and Nob Hill Foods supermarkets.

Fleming on Tuesday announced that it has completed the series of transactions that places former Furrs Supermarkets locations into the hands of new retail operators and creates approximately $175 million in distribution revenue for its Lubbock, Texas distribution facility.

Albertson's Inc., one of the world's largest food and drug retailers, on Tuesday reported second-quarter earnings that exceeded both company guidance and First Call consensus estimates. Sales in the quarter totaled almost $9.6 billion.

Two of the nation's leading supermarket retailers avoided a potentially crippling strike over the weekend when more than 22,000 employees of Albertson's and Safeway agreed to extend their contracts until midnight Sept. 8.

Ahold, the international food retail and foodservice company, on Tuesday announced it has entered into an agreement to acquire all the outstanding shares of Bruno's Supermarkets Inc. and Alliant Exchange Inc., the parent company of Alliant Foodservice Inc.

Provision X and iTradeNetwork (iTN) are a step closer to fulfilling their charter as the online meat products marketplace through an alliance that could generate $6 billion in transactions over the next 18 months.

Wild Oats Markets Inc. on Thursday announced the retirement of Jim Lee, Chief Operating Officer of the company since September 1996.

With record earnings and its stock price surging, meat giant SmithfieldFoods Inc. plans to keep buying up companies andbuilding new facilities, the company's chairman toldshareholders Wednesday.

The Union representing workers at the Zallies and Ravitz Shop Rite supermarkets in southern New Jersey today hand delivered a seven-day strike notice to the company, as required by law.

Ahold 2nd Quarter 2001 Net Earnings Surge 37.2% on a gain of 29% in sales. Chain officials cofirm talks with several potential acquisiton candidates.

The purchase of O'Malia Food Markets by Marsh Supermarkets Inc. is now officially complete, according to Don E. Marsh, chairman, president and CEO of the acquiring food chain. O'Malia's will continue to operate under that name as a separate division of Marsh Supermarkets.