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Market Trends

  • Study: Supermarkets Fast Becoming One-Stop, Whole Health Solution

    WASHINGTON - American consumers believe that the food they eat can make a significant difference in their health, but many admit that their own diet needs improvement, according to Shopping for Health 2001, just released by the Food Marketing Institute (FMI) and Prevention magazine.
  • Albertson's Names Robert Dunst Executive Vice President and Chief Technology Officer

    BOISE, Idaho - Albertson's Inc. announced today that Robert Dunst will join the company as executive vice president and chief technology officer. The company said that under Dunst's leadership, it aims to be the technology leader in food and drug retailing.
  • UK Leads Europe in Organic Food Sales

    LONDON - Sales of organic food in the UK are continuing to increase faster than in any other European country, according to a report cited by BBC news.
  • Big V Supermarkets Inc. Enters Into Term Sheet with Wakefern Food Corp.

    FLORIDA, N.Y. - Big V Supermarkets Inc. said today that, as part of its effort to work with its creditors toward a successful resolution of its chapter 11 case, the company has entered into a term sheet with Wakefern Food Corp., which, subject to the completion of definitive documentation and approval by the bankruptcy court, is intended to form the basis of a plan of reorganization for Big V.
  • Acme Recognized for Developing Produce Boxes

    MALVERN, Pa. - Acme Markets, the Eastern Division of Albertson's, has been named a winner of the Chesapeake Businesses for the Bay 2001 Excellence Award.
  • Philip Morris Proposes Name Change

    NEW YORK - Philip Morris Cos. announced Thursday that it will seek shareholder approval in April to change its name to Altria Group Inc. in order to distinguish the company from its tobacco business, Dow Jones reported.
  • Whole Foods Market Reports Sales Increase for Fourth Quarter

    AUSTIN, Texas - Whole Foods Market Inc. on Wednesday reported sales and earnings for the 13-week quarter and 53-week fiscal year ended September 30, 2001. Sales for the quarter increased 21% on an adjusted basis over the prior year, slightly above the company's 15% to 20% guidance.
  • Trader Joe's Bans GMOs from Private-label Products

    California grocery chain Trader Joe's has agreed to ban genetically modified ingredients from its thousands of private-label products in response to consumer pressure, the Los Angeles Times reported today.
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