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Market Trends

  • GMA Survey: Price an Increasing Concern for Consumers
    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.

  • Kroger Fourth-quarter Earnings Rise
    CINCINNATI - Leading supermarket chain Kroger Co. on Tuesday reported higher quarterly earnings although holiday sales were soft, and said 2003 earnings would be a few cents lower than analysts' average estimate.

  • Trader Joe's Looking for Locations in Twin Cities
    MINNEAPOLIS - Monrovia, Calif.-based Trader Joe's Co. is looking for up to 10 locations as it prepares to enter the Twin Cities, according to real-estate sources cited by the Minneapolis/St. Paul Business Journal.

  • Ahold USA Reassures Suppliers and Consumers; Royal Ahold Names Interim CFO
    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.

  • Barron's: Whole Foods Could Surge on Organics
    Continued popularity of organic foods could bring glad tidings to Whole Foods Market, Inc.

  • SEC Filing Suggests Ahold Troubles May Date Back To 2000
    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.

  • Spartan Stores to Close 13 Food Town Stores in Ohio
    GRAND RAPIDS, Mich. - Spartan Stores, Inc. announced today that it will be closing 13 under-performing Food Town retail grocery stores principally located in the Toledo, Ohio and outlying areas.

  • Ahold Gets $3 Billion in Loans
    AMSTERDAM, Netherlands - Ahold said on Wednesday it has secured more than 3 billion euros ($3.08 billion) in credit from five banks, but had to pledge as collateral its most highly prized supermarket chains.
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