Supermarket & Grocery Industry News

MINNEAPOLIS - Nash Finch Co. said on Tuesday the U.S. Securities and Exchange Commission will not object to how the company accounts for certain vendor charges, based upon the food retailer and distributor's oral and written representations.

WASHINGTON - Reflecting continuing concerns over the direction of the U.S. economy, consumers are twice as likely to consider price as a reason for purchasing a brand-name product as they were a year ago, according to a survey released Friday by the Grocery Manufacturers of America.

AMSTERDAM - Ahold USA Inc., the parent company of six U.S. supermarket chains, has mounted a campaign to reassure suppliers and customers in the wake of a major accounting scandal at parent company Royal Ahold NV, according to an article in the Washington Post.

AMSTERDAM, The Netherlands - Royal Ahold NV told federal regulators on Thursday that its accountant, Deloitte Touche Tohmatsu, no longer stands behind its audits for 2000 and 2001. The latest announcement raises questions about whether problems with the company's financial statements began earlier than had been acknowledged.

CHICAGO - Fleming Cos. has filed a $1.4 billion prepetition claim in Kmart Corp.'s bankruptcy case, seeking payment for profits it believes would have occurred under a canceled contract, a spokesman said Thursday.

NEW YORK - Food supplier Fleming filed nearly $1.5 billion in claims Tuesday against former client Kmart and expects to file an additional claim with the bankruptcy court today.

PHOENIX, Ariz. - Kroger, Unilever and Acosta Sales & Marketing Company today were named winners of the inaugural Consumer 360 awards, co-sponsored by Progressive Grocer and two other VNU Business Media magazines, Brandweek and Retail Merchandiser.

DALLAS - Fleming Companies Inc. on Monday said Mark Hansen, its chairman and CEO since 1998, has resigned. The company named Peter S. Willmott as interim CEO and president and Archie R. Dykes as non-executive chairman of the board, effective immediately.