business news in context, analysis with attitude

  • The Commercial Appeal reports that Schnucks Markets has turned over one of its closed former stores in Memphis, Tennessee, to the Memphis Food Bank for an entire year, allowing the food bank to double its warehouse space and, it hopes, encouraging other corporations to contribute.

    Schnucks reportedly ha contributed $100,000 worth of non-perishables and is paying for utilities and other infrastructure expenses – as well as contributing $25,000 worth of gift cards to be used for products the food bank won't get through donations.

  • The Grand Rapids Press reports that as A&P’s angles to sell its troubled Farmer Jack chain of stores to an unnamed suitor, Lehman Brothers Equity Research is saying that Spartan will be the probable buyer of the company – and rates it as “a very good fit.”

  • The United Food and Commercial Workers (UFCW) has struck an agreement with Giant Eagle, Heinen’s, Tops, and several other Ohio retailers to extend contract negotiations beyond the September 11 deadline. The UFCW said that “progress has been made in the negotiations, but a variety of complex issues remain to be resolved.”

KC's View: