Market Trends

  • Fleming Reports Second Quarter Adjusted Earnings Up 60%

    Fleming Companies Inc. today reported a 59.7 percent increase in second quarter 2001 net earnings to $22.4 million, or $0.46 per share, after adjustments to exclude strategic plan charges and one-time items, compared to$14.0 million, or $0.35 per share, in the second quarter of 2000. Second quarter adjusted operating earnings of $66.1 million increased 20.5 percent from $54.9 million in the prior year.

  • TECHNOLOGY:Virtual Reality

    While some retailers have yet to embrace 3-D CAD technology, others are quickly becoming dependent on its ability to review colors, materials, fixtures, lighting programs, and even merchandising plans.

  • SYSCO Posts 25th Year of Consecutive Sales and Earnings Growth
    SYSCO Corporation, the largest foodservice marketing and distribution organization in North America, today announced diluted earnings per share of $0.88 on sales of $21.8 billion for the fiscal year ended June 30, 2001, marking the 25th year of uninterrupted sales and earnings increases.

  • Unilever Completes Sale of Bestfoods Baking Company
    Unilever announced today that the sale of the Bestfoods Baking Company to George Weston Limited for $1.765 billion in cash has been completed.

  • Nash Finch in Discussions to Acquire U Save Food's 14 Supermarkets
    Nash Finch Company and U Save Foods, Inc. today confirmed that they are in discussions for Nash Finch to acquire U Save Foods through a purchase of U Save's stock.

  • Diverse Groups Unite to Oppose Nestle's Merger With Ralston Purina
    A diverse group of antitrust experts, national consumer organizations and major farm groups have joined forces to announce their opposition to Nestle's $10.1 billion merger with Ralston Purina. If regulators approve the deal, Swiss-based Nestle would become the world's biggest pet food company and control roughly 45 percent of the $7 billion U.S. pet food market.

  • VoiceFlash Networks and VeriFone to Explore Mobile E-Commerce Solutions
    VoiceFlash Networks Inc. announced today that the company has signed a memorandum of understanding with VeriFone Inc., to explore the viability of cooperating in the development of retail mobile commerce products.

  • L&L Food Centers Selects Fleming to Supply Michigan Stores
    Fleming today announced the company has been selected by L&L Food Centers to serve its 10 Lansing, Michigan area stores and Rochester Hills location. The supply arrangement is for all grocery, frozen, dairy, and general merchandise products. L&L F

  • Blue Book Services Launches Web Services Software, Powered by Buyproduce
    Blue Book Services/Produce Reporter Co., provider of credit and marketing information to businesses involved in the wholesale fresh fruit and vegetable industry, on Tuesday announced the launch of its new Web Service interface. Designed and developed by Buyproduce, the new interface allows Blue Book customers to seamlessly and instantly retrieve time sensitive Blue Book data from virtually any application.

  • Wrigley Earnings Up
    (Reuters) - Wm. Wrigley Jr. Co., the world's largest chewing gum maker, said on Tuesday that second-quarter earnings rose 8.6 percent, as growth in shipments and better margins offset higher marketing costs and pressure from weak European currencies.
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