Research & Analysis

MINNEAPOLIS - Nash Finch Co. reported first-quarter net earnings of $3.3 million, compared with a net loss of $174,000 a year earlier. Sales were $856.7 million, compared with $894.6 million in the prior-year period, according to the company, who said results for the quarter were adversely affected by $2.3 million net of tax, or $0.20 per diluted share, paid to our bondholders and bank lenders as consideration for waivers.

TROY, Mich. - Kmart Corp. promoted Robert Atteberry and Joyce Dillon to v.p. and general merchandise manager, while Peter Whitsett, divisional v.p. and merchandising/food and consumables, assumes additional responsibility for drugstore operations. The three individuals will report to Bill Underwood, Kmart's e.v.p. of sourcing and global operations.