Research & Analysis

QUINCY, Mass. - The Stop & Shop Supermarket Company announced that it has entered into a letter of intent with representatives of the creditors of Big V Supermarkets to purchase 27 of the stores and other assets of the company for $255 million.

TROY, Mich. - Kmart Corporation today announced that James B. Adamson has been elected non-executive chairman of the board of directors effective immediately, and will serve as the principal liaison between the board and the company's senior management.

WASHINGTON - Children still are choking to death from Asian-made jelly candies despite repeated recalls, a ban on imports and a move by major grocery chains to pull the dangerous sweets off the shelves, The Associated Press reports.

NORTHFIELD, Ill. - Kraft Foods Inc. announced on Tuesday that its international business has acquired privately-held biscuit producer Lanes Food Group, allowing Kraft to gain control of key Nabisco brands which had been licensed to Lanes in Australia since 1991.

LOS ANGELES - Food 4 Less announced the promotion of Jay Cummins to vice president and general manager in its store operations department.

LONDON - Safeway Plc, Britain's fourth-biggest food retailer, today posted Christmas sales that fell at the bottom of analysts' expectations, raising concerns it may be falling behind in the UK supermarket sector, Reuters reports.

TORONTO, Ontario - Systech Retail Systems Inc., a provider of technology solutions for retail, announced that it has received orders from Food Lion, LLC, for over 4,000 RTI SK-7510 Programmable ScreenKey Systems for delivery in 2002.

WASHINGTON - When it comes to value, American consumers believe food offers the biggest bang for their buck, according to a new survey conducted by the polling company for the Grocery Manufacturers of America (GMA).