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Nonfoods

  • Report: CPG Industry Sales Continue to Rebound
    WHITE SULPHUR SPRINGS, W.Va. - The CPG industry's financial performance in 2003 continued to rebound as median net sales rose nearly two percentage points to 6.5 percent from 4.6 percent in 2002, and returns on sales and assets continued to climb for most companies, according to a study released during GMA's Executive Conference here.

  • Kraft to Use 'South Beach' Trademark
    CHICAGO - Kraft Foods, Inc. said yesterday it has reached a deal to use the South Beach diet's trademark to appeal to carb-conscious dieters, according to Reuters.

  • Report: Shaw's to Cut Hundreds of Jobs
    WEST BRIDGEWATER, Mass. - Shaw's Supermarkets Inc. plans to eliminate about 307 jobs at some of its stores, according to local reports. The news comes just months after the Shaw's and Star Market chains were acquired by Boise, Idaho-based Albertsons.

  • IGA Becomes Topco Member
    CHICAGO - IGA announced today it has become a member of Topco Associates LLC, the Skokie, Ill.-based cooperative that supplies procurement, quality assurance, packaging, and other services exclusively for its member-owners, which include supermarket retailers, wholesalers, and foodservice companies.

  • Nestle Denies Possible General Mills Acquisition
    ZURICH - Nestle SA's chief executive today said the company has no plans for a major deal, following reports that the company is considering a $22 billion bid for General Mills, according to Reuters.

  • Rainbow Foods Head Resigns
    MINNEAPOLIS - Dale Riley, head of Roundy's ailing Rainbow Foods operations, based here, announced his resigation yesterday, according to published reports.

  • Kraft Backs Off on Plan to Reduce Package Sizes
    NORTHFIELD, Ill. - Kraft Foods, Inc. has abandoned its plan to reduce some portion sizes, saying consumer research shows shoppers prefer to have the choice of whether to go with smaller packages.

  • Albertsons' First-quarter Earnings Plunge
    BOISE, Idaho - Albertson's, Inc. reported first-quarter 2004 earnings from continuing operations today of $56 million, or 15 cents per diluted share -- 3 to 5 cents above company guidance and four cents above First Call Consensus. In the prior year's quarter, earnings from continuing operations totaled $173 million, or 47 cents per diluted share.
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