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Fresh & Easy expands to Pasadena

BY Anna Mcgrath

PASADENA, Calif. Fresh & Easy Neighborhood Market opened its 121st store in Pasadena at the intersection of California and Lake.

Fresh & Easy VP and general counsel Mary Kasper, Mayor Bill Bogaard and dozens of neighbors came out to celebrate the company’s 65th Southern California-based location. The Pasadena Humane Society, a group that cares for abandoned and homeless animals, was also in attendance as the recipient of a $1,000 donation from Fresh & Easy. The organization was chosen by local residents and store staff.

“We are excited to continue opening and hiring for positions in new neighborhoods throughout Southern California, particularly in these tough economic times,”Kasper said. “We look forward to bringing fresh, wholesome food to our new neighbors here in Pasadena and we’re excited to be part of the community.”

In addition to the company’s previously announced plans to open three more California-based stores on July 29, Fresh & Easy is scheduled to open another store in Delano, California, Aug. 19. Additionally, the company will be introducing over 1,000 new products to existing stores throughout this summer.

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P&M makes grilling easier with recyclable all-in-one EZ Grill

BY Anna Mcgrath

NEW YORK P&M is rolling out its new environmentally friendly all-in-one EZ Grill, perfect for the summer season.

According to manufacturers, the portable EZ Grill is a 100% recyclable instant grill, complete with foil pan, grill grate, stand and charcoal.

The disposable instant grill is all-natural and free from all additives, chemicals and fillers. It lights with one match and is perfect for tailgating, camping or a barbecue.

EZ Grill can be found at Winn-Dixie stores, Red Apple Markets and drugstore.com and is available in two sizes.

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Standard & Poor raises outlook on Rite Aid

BY Michael Johnsen

NEW YORK Standard & Poor’s Ratings Services on Tuesday revised its outlook on Rite Aid to stable from negative, the company announced.

“The rating action follows Rite Aid’s successful refinancing of the bulk of its 2010 debt maturities, including a new $1 billion asset-based revolving credit facility, thereby improving its liquidity position and enhancing financial flexibility,” stated Standard & Poor’s credit analyst Ana Lai. “Further, Rite Aid’s operating performance remains adequate and we expect cash flow generation to improve due to operating initiatives to reduce inventory and capital spending cuts, resulting in good levels of positive free cash flow.”

Standard & Poor’s Ratings Services suggested it would consider revising the outlook to positive if the company is successful at turning around the Eckerd stores’ performance, thereby increasing profitability and cash flow, with credit metrics strengthening such that leverage falls to less than 7.0x.

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