Market Trends

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.

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.

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. If no agreement is reached by midnight on Thursday, September 6, 2001 thousands of supermarket workers could be walking picket lines instead of checking out customer grocery orders.

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.