Trading Partners

U.S. Retail IT Spending to Resume Growth in 2003 and Beyond, IDC Says
FRAMINGHAM, Mass., -- While IT spending by the U.S. retail industry decreased by 3.4% in 2002 from the prior year, IDC anticipates that IT spending will increase again in the retail industry in 2003 and reach $29.6 billion by 2007, representing a five-year compound annual growth rate (CAGR) of 5.3%.
Kmart, Fleming reach settlement
CHICAGO -- Bankrupt retailer Kmart Corp. and its former grocery supplier, Fleming Cos. have reached a settlement over money Fleming says it is owed by Kmart, the Detroit Free Press reported on Friday.

Barrington Foods Forms Strategic Alliance with Sierra Products Group

LAS VEGAS --Barrington Foods International, Inc., announced today they have begun a strategic alliance with Sierra Products Group, Inc. Sierra Products Group is an approved vendor for Wal-Mart Stores Inc. and numerous other mass retailers.
Banks Back Ahold Unit's Spending Plan-WSJ

AMSTERDAM -- The U.S. supermarket division of Ahold, the world's number three retailer rocked by an accounting scandal, can proceed with a capital spending plan after creditor banks approved it, The Wall Street Journal reported on Thursday.
Schnuck Markets, Inc. chooses Kyocera Mita for Pharmacy Printing

ST. LOUIS -- Schnuck Markets has selected Kyocera Mita FS-1800+Rx printer units, for its pharmacies, ELT, resellers of the printers, announced yesterday.
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.
Analyst Questions Accounting of UK Safeway

LONDON - Questions are being raised by an analyst about the way British chain Safeway accounts for supplier rebates, according to a report in The New York Times. Safeway, which is the subject of a bidding war in the UK, said there was nothing unusual about its practices.
Albertsons to Implement UCCnet Services

LAWRENCEVILLE, N.J. - UCCnet announced on Thursday that Albertsons will begin implementing the organization's item registration and data synchronization services for its more than 2,300 retail stores in 31 states nationwide.
Commerce Department Chooses Worldwide Food Expo for International Buyer Program

WASHINGTON - For the fourth consecutive time, Worldwide Food Expo, a trade show sponsored by several leading food industry associations, has been accepted into the prestigious International Buyer Program, sponsored by the U.S. Department of Commerce.

U.S. Retail IT Spending to Resume Growth in 2003 and Beyond, IDC Says

Kmart, Fleming reach settlement

Barrington Foods Forms Strategic Alliance with Sierra Products Group

Banks Back Ahold Unit's Spending Plan-WSJ

Schnuck Markets, Inc. chooses Kyocera Mita for Pharmacy Printing

Albertsons Posts Lower 4Q Profit, Changes Vendor Allowance Reporting Method

Report: U.S. Foodservice Suppliers Cited Problem

Analyst Questions Accounting of UK Safeway

Albertsons to Implement UCCnet Services

Commerce Department Chooses Worldwide Food Expo for International Buyer Program