Month: February 2013

Harris Teeter Supermarkets Confirms Retention Of J.P. Morgan As Financial Advisor

February 15, 2013 Harris Teeter Supermarkets, Inc.

While it is the long-standing policy of Harris Teeter Supermarkets, Inc. not to comment on rumors regarding mergers and acquisitions, in response to certain media articles as well as to remove any disruption to the conduct of its business and its associates, the Company confirmed today that it has retained J.P. Morgan Securities LLC to assist the Company in holding discussions with certain parties regarding strategic alternatives. …

Whole Foods Reports Earnings Growth May Slow Through The Remainder Of The Fiscal Year

February 15, 2013 Staff Reporter, Associated Press

Natural and organic grocery chain Whole Foods Market Inc. reported Wednesday that its fiscal first-quarter profit jumped 24 percent on stronger revenue. But the company narrowed its revenue forecast and said its earnings growth may slow through the remainder of the fiscal year as it faces higher store-opening costs and plans to increase the number of lower-priced products in its stores to remain competitive with other grocers. …

Walmart’s Pricing Comparison Doesn’t Sit Well With Schnucks

February 15, 2013 Kavita Kumar, St. Louis Post-Dispatch

A recent flashy — and in-your-face — pricing campaign by Wal-Mart Stores Inc. has ruffled the feathers of a number of retailers, including those of hometown grocer Schnucks. …

NJ Gov. Christie Premiers 2013 Jersey Fresh Campaign At New Jersey Agricultural Convention

February 15, 2013 New Jersey Department of Agriculture

The New Jersey Department of Agriculture premiered its new Jersey Fresh advertising campaign during the annual State Agricultural Convention on February 7, with its sports-themed “Another Great Season.” …

Sunrise Fresh Produce Acquires Emerald Coast Finest Produce

February 15, 2013 Sunrise Fresh Produce

Sunrise Fresh Produce LLC., a wholly owned subsidiary of Merchants Foodservice, is pleased to announce the completion of our acquisition of certain assets from Emerald Coast Finest Produce located in Pensacola, Florida. The closing, completed January 18, 2013, enables Sunrise Fresh Produce to operate their third produce distribution center as Sunrise Produce Gulf Coast. …