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  • Report: Demoulas to consider Market Basket sale, faces suit

    Tewskbury, Mass. – The unfolding saga at the Market Basket grocery chain continues to take unexpected twists and turns. According to the Boston Globe, the board of directors of Market Basket parent company Demoulas Super Markets has said it will consider a purchase offer from former CEO Arthur T. Demoulas, and the company also faces a lawsuit from several employees.

  • Former Demoulas CEO wants to buy Market Basket

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  • ‘Solid’ start in fiscal 2015 for Supervalu

    Supervalu posted $5.23 billion in net sales for the first quarter, a decrease of 0.1% from $5.24 billion last year; but president and CEO Sam Duncan expressed confidence in the company’s performance, saying it is off to a solid start across business segments.

    “Our first quarter results reflect the investments we are making this year to position the company for future success and I am pleased with our operating performance,” said Duncan.

  • Sainsbury’s store runs on electricity generated from food waste

    New York -- Sainsbury’s has entered into a unique arrangement that closes the loop on food recycling. Its store in Cannock, Staffordshire, England, has come off the country’s national power grid for day-to-day electricity consumption and is running on power generated solely from food waste from Sainsbury’s supermarkets across the United Kingdom.

    The new power supply was built in partnership with waste recycling company Biffa, and uses Biffa’s advanced anaerobic digestion (AD) facilities and a unique power link up.  

  • O’Reilly to hit full year expansion target

    O’Reilly Automotive, the nation’s second largest auto parts retailer, said it is on track to open 200 new stores this year after posting its 22nd consecutive quarter of profit growth in excess of 15%.

  • EBay still plans Russian expansion

    San Jose, Calif. – EBay Inc. is still planning to expand its operations in Russia despite U.S. sanctions against the country’s government. In public comments made in Moscow, EBay VP Wendy Jones said Russia is EBay’s top priority for expansion of its EBay Marketplaces division, and that eBay Marketplaces should go live in Russia in September.

    Jones also said EBay doubled its Russian buyer base in 2013 and sold $425 million worth of goods there in 2012. Currently, Russian consumers make 90,000 EBay transactions per day.

  • Sears Outlet Stores expands Kansas City center

    Hoffman Estates, Ill. - Sears Outlet Stores has leased a 354,000-sq.-ft. former Sears location in Kansas City, expanding outlet store operations and services and developing a new central distribution center for the South-Central region. This new repaird and distribution center is expected to create nearly 160 new jobs to be filled by Kansas City locals.

  • Crocs to shutter stores, cut workforce

    New York -- Footwear maker Crocs Inc., best known for its colorful plastic clogs, announced a major restructuring that includes closing stores and job cutbacks.

    The plan comes on the heels of the company's disappointing second-quarter earnings results. Earlier this month, Crocs reported that second-quarter profit fell 44% to $19.7 million.

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