• The Palm Beach Post reports that “Winn Dixie this week sued Dollar General claiming the discount retailer shouldn't be selling food at stores in shopping centers where the Jacksonville-based grocer is the anchor tenant.
“As part of its leases, Winn Dixie has the exclusive right to sell groceries, according to the lawsuit filed in U.S. District Court.”
Winn Dixie says that Dollar General violates those lease covenants in more than 100 cases.
• In Toronto, the Globe and Mail reports that “in growing numbers, Canadians are adopting the frugal shopping habits they picked up in the recession, such as bargain hunting and buying fewer non-essentials, even though they feel relatively optimistic about the economy’s future, according to new global research from Boston Consulting Group, which will be released next month. Americans, on the other hand, feel more confident about spending than they did two years ago, although they’re much more pessimistic than consumers here about the fate of the economy.
“The reason for the divergence: many Canadians are still feeling financially strained as policy makers, including Bank of Canada Governor Mark Carney, warn against the dangers of taking on too much debt. Americans, in contrast, began saving during the economic meltdown and now feel less stressed than in 2009. These shifting trends are reverberating with retailers. While consumers on both sides of the border are watching their spending as food and gas prices soar, Canadians in many instances are scaling back even more.”
• Western New York-based Tops Friendly Markets yesterday held grand re-opening celebrations to mark the completion of major renovations of its Towanda, Pennsylvania, and Penn Yan, New York, locations, all former Penn Traffic stores that had been acquired and re-branded.
• The Wall Street Journal reports that “several environment and health-advocacy groups are suing the Food and Drug Administration to ban the widespread use of two antibiotics in animal feed to treat livestock.
“The groups charge that the FDA concluded years ago that large-scale dosing of penicillin and tetracyclines in animal feed was causing bacteria to become resistant to drugs that humans rely on to fight infections, but the government agency failed to act.
“The FDA reported last year that livestock grown in the U.S. consumed about 28.6 million pounds of antibiotics and the agency confirmed recently that about 74% of those antibiotics were administered through feed.”
• The Los Angeles Times reports that California Pizza Kitchen has been sold to private equity firm Golden Gate Capital for $470 million. Golden Gate also has ownership positions in retailers that include Border Mexican Grill, Romano's Macaroni Grill, Eddie Bauer, Express and J.Jill.
“As part of its leases, Winn Dixie has the exclusive right to sell groceries, according to the lawsuit filed in U.S. District Court.”
Winn Dixie says that Dollar General violates those lease covenants in more than 100 cases.
• In Toronto, the Globe and Mail reports that “in growing numbers, Canadians are adopting the frugal shopping habits they picked up in the recession, such as bargain hunting and buying fewer non-essentials, even though they feel relatively optimistic about the economy’s future, according to new global research from Boston Consulting Group, which will be released next month. Americans, on the other hand, feel more confident about spending than they did two years ago, although they’re much more pessimistic than consumers here about the fate of the economy.
“The reason for the divergence: many Canadians are still feeling financially strained as policy makers, including Bank of Canada Governor Mark Carney, warn against the dangers of taking on too much debt. Americans, in contrast, began saving during the economic meltdown and now feel less stressed than in 2009. These shifting trends are reverberating with retailers. While consumers on both sides of the border are watching their spending as food and gas prices soar, Canadians in many instances are scaling back even more.”
• Western New York-based Tops Friendly Markets yesterday held grand re-opening celebrations to mark the completion of major renovations of its Towanda, Pennsylvania, and Penn Yan, New York, locations, all former Penn Traffic stores that had been acquired and re-branded.
• The Wall Street Journal reports that “several environment and health-advocacy groups are suing the Food and Drug Administration to ban the widespread use of two antibiotics in animal feed to treat livestock.
“The groups charge that the FDA concluded years ago that large-scale dosing of penicillin and tetracyclines in animal feed was causing bacteria to become resistant to drugs that humans rely on to fight infections, but the government agency failed to act.
“The FDA reported last year that livestock grown in the U.S. consumed about 28.6 million pounds of antibiotics and the agency confirmed recently that about 74% of those antibiotics were administered through feed.”
• The Los Angeles Times reports that California Pizza Kitchen has been sold to private equity firm Golden Gate Capital for $470 million. Golden Gate also has ownership positions in retailers that include Border Mexican Grill, Romano's Macaroni Grill, Eddie Bauer, Express and J.Jill.
- KC's View:
