Supermarket/Grocery

CARLISLE, Pa. — The Federal Trade Commission has approved Giant Food Stores' proposal to acquire 15 Genuardi's stores from Safeway.

The news follows Giant's Jan. 5 announcement that it would acquire the Genuardi's stores, all of which are located in the greater Philadelphia market. Giant also noted that under the terms of a consent order approved by the FTC, the Genuardi's located in Newtown, Pa., will be purchased by Newtown Market and will be operated as a McCaffrey's supermarket.

Cambridge, Mass. -- Walmart Supercenter wins the pricing battle over Amazon and Walmart.com, according to a new study by Kantar Retail. The study evaluates how a Walmart Supercenter basket contends with its online equivalent, Walmart.com, and its key online competitor, Amazon.

Even though no retailer has done more to enhance food safety in China than Walmart, the company found itself in the headlines again this week as regulators discovered products containing banned ingredients on the retailer’s shelves.

Media reports said Walmart removed products from shelves after a food safety official in Beijing discovered high levels of cadmium in squid and excessive benzopyrene in sesame oil. Walmart said it had received appropriate regulatory documents from suppliers prior to offering the products, according to reports.

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New York -- Carrefour SA said Friday it will sell its Greek supermarket business to its local partner and exit the country, the Wall Street Journal reported.

The French retailer said it would sell its 50% stake in the chain to its local partner, the Marinopoulos family, for an undisclosed amount and will take a mostly noncash charge of €220 million ($277.9 million), the report said.

Carrefour’s announcement comes two days before elections that could prove key as to whether Greece decides to stays in the euro zone.

DALLAS — Three weeks after being named the first civilian director/CEO in the nearly 117-year history of the Army & Air Force Exchange Service, Tom Shull officially took the reins today of the $10-billion military retailer. Shull replaced the Exchange’s last uniformed Commander, Brig. Gen. Fran Hendricks.

Cincinnati -- The Kroger Co. reported Thursday that net income in the first quarter rose to $439.4 million, from $432.3 million last year.

The operator of namesake stores as well as Ralphs, Food 4 Less and others, also said it authorized a $1 billion share buyback.

Sales during the period were $29.06 billion, up from $27.46 billion last year but missing Wall Street’s expected $29.16 billion. Same-store sales rose 4.2%, the grocer’s 34th straight quarter of growth.

An “extremely unusual circumstance,” is how police described the situation that unfolded this week in a Walmart parking lot where a Chicago couple was arrested after several of their children were discovered bound and blindfolded.