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Market Trends

  • Ahold 2nd Quarter 2001 Net Earnings Surge 37.2%

    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.

  • Smithfield Foods Chairman Vows to Continue Expansion

    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.

  • Union Grocery Workers Strike in Houston Area

    workers at Rice Epicurean Markets walked off the job and marched in picketlines Monday after contract negotiations with the supermarket chain collapsed.

  • Marsh Acquisition of O'Malia's Now Complete

    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.

  • Kroger Cooperates with Ground Beef Recall Announced by American FoodsGroup, Inc.

    The Kroger Co. (NYSE: KR - news) today said it is cooperating with a ground beef recallannounced by American Foods Group, Inc., a wholesale meat supplier based in Green Bay, Wisconsin.American Foods announced the recall as a precautionary measure after the U.S. Department of Agriculture (USDA) detected thepresence of Escherichia coli O157:H7 (E. coli) bacteria in a sample of beef processed by American Foods.

  • Wal-Mart builds Eight New Distribution Centers to Support Rapid Growth

    HOUSTON--(BUSINESS WIRE)--Aug. 27, 2001--Industrialinfo.com (Industrial Information Resources Inc.: Houston, Texas)confirms that Wal-Mart Stores, Inc. (NYSE:WMT - news; Bentonville, Ar.) plans to open approximately 210 new discount storesand supercenters domestically in 2002.

  • Nine Former Furr's Markets in New Mexico to Remain Under UFCW Contracts

    Local 1564 of the United Food and Commercial Workers Union today announced that it had negotiatedto retain nine former Furr's supermarkets under union contract. Union President Diane Vigil-Kimberle said that Smith's Food and Drug had agreed to union contracts for seven former Furr's stores. Raley's markets has agreed to twostores under contract.

  • McCain Foods, Heinz to Acquire Anchor Food Products

    McCain Foods Limited will acquire the production facilities and food service business of Anchor Food Products Inc. in a three-party transaction. H.J. Heinz Company will purchase the company's branded products sold to retail outlets, including supermarkets and club stores.
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