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Supervalu sees higher loss, sales in Q1; appoints two board members
Minneapolis – Supervalu Inc. reported a higher net loss and lower net income during the first quarter of fiscal 2014, compared to the first quarter of the prior fiscal year. Net loss totaled $105 million, up from $18 million year earlier, although one-time after-tax charges of $139 million pushed Supervalu into the red. Net sales were $5.16 billion, a 1.5% drop from $5.24 billion a year earlier.
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Ferrandino & Son names sales/marketing exec
Farmingdale, N.Y. -- General contractor Ferrandino & Son has hired Ryan Sklar as VP sales and marketing, effective immediately.
Sklar has served in senior sales executive positions with Nautica and Tommy Hilfiger, and spent nine years as VP operations at Capital Contractors.