When Wal-Mart announced on January 15 that it will close 269 stores, including 154 U.S. units, it didn’t mention that it would also discontinue its plans to build two new Wal-Mart stores in Washington, DC.
Safeway and the Teamsters Locals 730 and 639 reached an agreement late last month to keep the retailer’s Upper Marlboro, MD depot open, reversing a decision made last October to close that facility (along with a smaller non-foods warehouse in nearby Landover, MD) and outsource the supply to three C&S Wholesale Grocer distribution centers.
The Nasdaq notified Fairway Markets in early January that the retailer was not in compliance with rule 5450(a)(1) because its stock had failed to maintain a minimum closing bid price of $1 for 30 consecutive days of business, which could lead to the retailer’s delisting.
With about 90 stores yet unsold, A&P in the past month has begun to accelerate its wind down process by rejecting 48 leases and agreeing to sell six more stores. Also, the most recent disposition status of all A&P stores.
With about 90 stores yet unsold, A&P has begun to accelerate its wind down process by rejected 48 leases and has engaged the services of A&G Relaty Partners to act as a third party sales agent.
Harris Teeter confirmed it will build a new 1.5 million square foot distribution Center in Caroline County, VA
Retired Giant/Landover CEO Pete Manos passed away January 7.
Food World/Food Trade News recently sat down with McCann at Ahold USA’s headquarters in Carlisle, PA and discussed a wide array of subjects including his vision for AUSA’s future.
Kings Food Markets has announced changes to its leadership team.
A&P is physically kaput. All of the approximately 60 stores that were unsold during the auction process or were previously shuttered by A&P closed their doors permanently on November 25.