Research & Analysis

DISTRIBUTION:Plan-A-Lot
'You've got to push the envelope. The more you push, the more opportunities you'll find," says Jeff Noddle, president, CEO and COO of Supervalu. These days, Noddle, who took over the helm in June from long-time CEO Mike Wright, is pushing pretty hard, looking at opportunities outside Supervalu's traditional customer base —such as alternative formats, significant reductions in inventory, organic growth vs. acquisition, B2B initiatives, and a laundry list of other strategic issues.
Nash Finch Third Quarter Earnings Increase 50%
MINNEAPOLIS - Food retailer and distributor Nash Finch Company today reported that net earnings rose 50 percent to $6.0 million for the third quarter ended October 6, 2001, compared to net earnings of $4.0 million reported for the third quarter of 2000.

Sara Lee, Del Monte Post Quarterly Earnings

Sara Lee Corp. today said net income fell almost 5 percent in its fiscal first quarter. Del Monte Foods Co. reported a slight loss in its earnings.
Wild Oats Markets Inc. Reports 7 Percent Increase in Third-quarter Sales

BOULDER, Colo. - Wild Oats Markets Inc., a leading national natural and organic foods retailer, today announced financial results for the third quarter and first nine months ended September 29, 2001.
New Co-chairmen Selected to Lead Global Commerce Initiative

BANGKOK, Thailand - Cees van der Hoeven, CEO of Royal Ahold, and Antony Burgmans, chairman of Unilever, have been chosen to take over as co-chairmen of the Global Commerce Initiative, a worldwide advisory group for the development of voluntary electronic transaction standards for business.
FMI Review: Food Retailers Achieve Highest Net Profits in Nearly 30 Years

WASHINGTON, DC - The supermarket industry posted its highest net profits in nearly three decades at 1.25 percent of sales, according to the Food Marketing Institute's 2000-2001 Annual Financial Review. Operating income, at 3.03 percent, was near the 10-year high of 3.05 percent.
Topco Associates and Shurfine International Shareholders Approve Proposed Merger

KOKIE, Ill. -Private label procurers Topco Associates Inc. and Shurfine International Inc. on Monday announced that their respective shareholder groups have voted in favor of a proposed merger of the Shurfine International operations into those of Topco Associates Inc. The transaction, which will be achieved through the formation of a new company, Topco Associates LLC, is effective Nov. 1, 2001.
Ahold's Dutch Subsidiaries Introduce Joint Online Shopping

ZAANDAM, The Netherlands - Ahold today announced its five Dutch subsidiaries are teaming up to offer a new joint Internet-based home delivery service called "Albert".
ShopRite Reaches Agreement With UFCW Local 1360 in New Jersey

ShopRite has reached an agreement with UFCW Local 1360 that ends a seven-week strike that has effected 10 ShopRite stores in the New Jersey counties of Burlington, Camden, and Gloucester. The members of Local 1360 voted on the contract in a meeting held Sunday evening, October 28.
Nestle Looks to Take Full Control of Haagen-Dazs Ice Cream

Swiss food and beverages giant Nestle SA today expressed interest in taking full control of the Haagen-Dazs ice cream business by buying the 50 percent stake owned by its partner in the venture, Pillsbury Co., the Associated Press reported.

DISTRIBUTION:Plan-A-Lot

Nash Finch Third Quarter Earnings Increase 50%

Sara Lee, Del Monte Post Quarterly Earnings

Wild Oats Markets Inc. Reports 7 Percent Increase in Third-quarter Sales

New Co-chairmen Selected to Lead Global Commerce Initiative

FMI Review: Food Retailers Achieve Highest Net Profits in Nearly 30 Years

Topco Associates and Shurfine International Shareholders Approve Proposed Merger

Ahold's Dutch Subsidiaries Introduce Joint Online Shopping

ShopRite Reaches Agreement With UFCW Local 1360 in New Jersey

Nestle Looks to Take Full Control of Haagen-Dazs Ice Cream

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