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Albertsons Posts Lower 4Q Profit, Changes Vendor Allowance Reporting Method
BOISE, Idaho - Food and drug retailer Albertsons Inc. today reported lower fourth-quarter profits as it battled falling sales and fierce competition. The retailer also announced that it has changed the timing on how it accounts for vendor allowances. -
Report: U.S. Foodservice Suppliers Cited Problem
WASHINGTON - Auditors at Deloitte & Touche became aware of potential accounting irregularities at U.S. Foodservice Inc. after at least two of the company's suppliers disputed rebate figures, the Washington Post reported on Wednesday, citing sources familiar with the situation.