Weis Markets held its 2016 vendor meeting April 12 at the BWI Marriott in Linthicum Heights, MD. Food World reports on what the vendors heard from the company’s executives.
More than 21,000 former A&P employees will receive retirement payments thanks to the Pension Benefit Guaranty Corporation (PBGC), the federal agency created to protect workers by assuming pension benefits from private sector employers who are unable to further fund existing pension/retirement plans.
Shareholders of Ahold and Delhaize officially approved the merger of the two large European grocery chains setting the stage for a mid-year closing of the deal which was first announced on June 24, 2015. Additionally, at its U.S, holdings, both chains are reportedly offering a combined 84 stores for sale in the Baltimore-Washington, Eastern Shore, Richmond (Central Virginia), Southern Pennsylvania, West Virginia, Lower Hudson Valley and Greater Boston markets.
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.