The Kroger Co. said Thursday that it will buy back up to $1 billion of its shares.
In his first major appearance before a Milwaukee crowd, Meijer CEO Hank Meijer said the retailer is gearing up for growth in Wisconsin over the next few years, according to the Milwaukee Business Journal.
Ahold has entered into an agreement to acquire Spar's business in the Czech Republic.
Bi-Lo Holdings, LLC, parent company of Bi-Lo and Winn-Dixie supermarket chains, is converting seven existing Harveys stores to Winn-Dixie stores and three existing Winn-Dixie stores to Harveys stores.
Supervalu directors Mark Neporent and Lenard Tessler have stepped down from the company’s board of directors as a result of Cerberus-owned Albertsons’ deal to acquire Safeway.
Cerberus Capital Managament, which owns Albertsons, won the bid for Safeway.
Private-equity firm Cerberus Capital Management has reached a preliminary agreement to buy Safeway Inc. for over $9 million, the Wall Street Journal reported.
The Kroger Co. earned a better-than-expected $422 million in its fourth quarter, down from $462 million in the year-ago period, which included an additional week of sales.
Cumberland Farms is reportedly selling 27 stores in New Jersey, Delaware, and Pennsylvania, to Petroleum Marketing Group, based in Woodbridge, Va.
Within the next 24 months, Kroger will build six new stores and expand three locations, along with opening multiple fuel centers and remodeling existing properties in the North Texas area.