One of the longest awaited projects in recent years became a reality December 11 when Fresh Grocer cut the ribbon on its new store at Progress Plaza in Philadelphia. Kevin Kemp (c), president of Supervalu’s eastern region, congratulates Fresh Grocer’s Grant McLoughlin (l) and owner Pat Burns on the project, the retailer’s second Philadelphia store to open this year.
Supervalu's third quarter profit rose six percent to $109 million but the company continued to struggle with overall sales and identical store revenue. A&P reported a third quarter loss of $559.4 million.
Wakefern Food Corp., the retail merchandising and distribution company that supplies and supports ShopRite and PriceRite supermarkets, reported combined retail sales of $11.7 billion for its fiscal year ending October 3, 2009.
Ahold USA, in the midst of a major corporate reorganization, announced two significant moves this month affecting its Giant/Carlisle (Martin's) unit. On December 9, Rick Herring was appointed division president of the 152 store chain and eight days later, the international retailer said it had agreed to acquire Richmond, VA based Ukrop's Super Markets in an asset deal valued at approximately $140 million.