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Labor & Employment

  • Albertsons acquires remaining 29 Haggen locations

    Albertsons on Monday submitted a binding bid letter and form of Asset Purchase Agreement to Haggen for the purchase of 29 of Haggen's core stores, confirming reports that Alebertsons would seek to acquire the remaining Haggen core. This is a step in the process to obtain bankruptcy court approval, following Haggen's Chapter 11 filing on September 8, 2015, which is required for consummation of the purchase.

  • Best Buy adds Silicon Valley heft to board

    The board of directors at Best Buy Co. is losing a longtime board member and gaining a new voice with experience in forming relationships with top venture capitalists in Silicon Valley.

    The retailer announced that former CEO Brad Anderson will retire from the board of directors and that the company has appointed corporate venture capital leader Claudia Fan Munce to the board.Anderson will serve the remainder of his term through the end of the annual shareholder meeting on June 14. Munce will stand for election at that time.

  • Report: Nordstrom IT staff cuts go deeper

    The technology department at Nordstrom continues getting smaller.

    According to Geekwire, Nordstrom has laid off 120 IT employees. The cuts follow 10 technology staff reductions the retailer made at the beginning of March. All the layoffs have been part of an organizational restructuring and leveling of IT spending.

  • Apollo Global to buy The Fresh Market for $1.4 billion

    The Fresh Market has agreed to be acquired by a private equity firm several months after the retailer said it would initiate a review of strategic alternatives and a possible sale.

  • Report: Instacart cuts costs, hikes fees

    Reducing expenses and increasing prices are two ways for a company to make money, and Instacart is reportedly doing both.

    According to the San Francisco Business Times, Instacart is reducing how much drivers get paid for each delivery, as well as the commission paid on each item. In the San Francisco market, the pay per delivery will be reduced 63% to $1.50 from $4.00, while commission per item will be cut 50% to 25 cents from 50 cents.

  • Fresh Market eyes fresh future under Apollo ownership

    The Fresh Market has agreed to be acquired by a private equity firm several months after the retailer said it would initiate a review of strategic alternatives and a possible sale.

    The struggling grocery chain said it has entered into an agreement with Apollo Global Management, LLC whereby it will acquire The Fresh Market for approximately $1.36 billion. The Fresh Market has been struggling with declining sales through several quarters, and customers have complained about high prices. Recently it had launched an effort to promote "lower prices." 

  • Ahold, Delhaize shareholders approve grocery merger

    Ahold shareholders have overwhelmingly approved the company`s proposal to merge with Delhaize Group.

    Ahold is buying Delhaize for $11 billion in a deal announced last year that will create one of the largest food retailers on the U.S. East Coast, as Ahold operates Stop & Shop and Delhaize operates Hannaford and Food Lion.

  • After ‘exceptional’ year, Smart & Final set for record expansion

    Smart & Final’s value oriented brand of food retailing is resonating with shoppers and that has the company eyeing roughly 40 new stores in 2016.

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