The Fresh Market, Inc., the struggling, upscale specialty retailer, has found a buyer. After speculation about a company sale increased late last year and ramped up about a month ago after reports surfaced that it was listening to offers …
Ahold and Delhaize shareholders gave final approval for the officially approved the merger of the two large European grocery chains setting the stage for a mid-year closing of the deal . And, at its U.S. holdings,both chains are reportedly offering a combined 83 stores for sale in the Baltimore-Washington, Eastern Shore, Richmond (Central Virginia), Southern Pennsylvania, West Virginia, Lower Hudson Valley and Greater Boston markets.
Medford NJ-based Haddon House to be acquired by UNFI.
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.