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Market Trends

  • San Miguel/Coke Joint Venture Looks for Deal with Nestle, Disney
    MANILA - The Coca-Cola Bottlers Philippines Inc. (CCBPI), a joint venture between beer giant San Miguel Corp. and The Coca-Cola Co., said today it was eyeing deals with Swiss food firm Nestle S.A. and Walt Disney to expand its non-carbonated drinks line, Reuters reports.

  • Kroger Reports Earnings Increase in Third Quarter, Announces Job Cuts
    CINCINNATI - The Kroger Co. today reported earnings of $0.32 per diluted share, excluding costs related to a merger and one-time expenses, for the third quarter endedNov. 10, 2001. These results represent an increase of 14.3% over the third quarter of 2000, on the same basis.

  • Penn Traffic Reports 2.3% Same Store Sales Increase for Third Quarter
    SYRACUSE, N.Y. - The Penn Traffic Company today announced earnings for the third quarter (the 13-week period ended Nov. 3, 2001). Adjusted EBITDA was $24.5 million, an increase of 13.0 percent over the prior year's adjusted $21.7 million level.

  • Ahold Gets FTC Approval to Buy Bruno's Supermarkets
    NEW YORK - Dutch supermarkets group Koninklijke Ahold NV was given approval from the Federal Trade Commission on Friday to buy Bruno's Supermarkets Inc., but the company was told it must close two of its own regional groceries stores in two Georgia towns, Reuters reports.

  • November Retail Sales Weakest in Decade
    NEW YORK - U.S. retailers reported the weakest sales growth for November since the recession of 1990, Reuters reports.

  • Sobeys to Divest its Foodservice Operations and Form Alliance With Sysco
    STELLARTON, NOVA SCOTIA and TORONTO, ONTARIO - Sobeys Inc., Canada's second largest retail grocer and distributor, announced today that it has entered into a definitive agreement to sell substantially all of the assets of its SERCA foodservice operations to SYSCO Corporation, the largest foodservice marketing and distribution company in North America.

  • Albertson's Sales Increase in Third Quarter
    BOISE, Idaho - Albertson's Inc., the No. 2 U.S. supermarket chain, today reported sales of $9.4 billion for the third quarter ended Nov. 1, 2001, a 4.1 percent increase vs. the prior year.

  • Tyco Healthcare Buys Diaper Maker
    NORCROSS, Ga. - Tyco International said today its health care division is buying Paragon Trade Brands Inc., the largest generic maker of disposable diapers in the United States and Canada, for $565 million, The Associated Press reports.
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