Jewel-Osco to relocate its headquarters
CHICAGO Jewel-Osco will relocate its Melrose Park, Ill., headquarters to Itasca, Ill., this summer company president Keith Nielsen said Monday, according to the Chicago Sun-Times.
The company will relocate 400 employees, but keep its 1,500-employee distribution center at the Melrose Park location.
Nielsen said that the Itasca site is in a better geographic location for Jewel-Osco’s operations, and the existing headquarters had become outdated. Jewel-Osco operates 33 stores in the city of Chicago and 156 in the greater Chicago area, in downstate Illinois and in Indiana and Iowa.
The new headquarters also includes wireless Internet access, a small fitness center and areas for employees to walk outside, the Sun-Times reported.
Ahold 4Q U.S. sales reach $5 billion
AMSTERDAM Ahold today reported total net sales for its U.S. segments of $5 billion for the fourth quarter compared with net sales of $4.8 billion for the same period last year.
For its Stop & Shop/Giant-Landover division, the company reported net sales of $3.9 billion for the quarter, a 2% increase over sales of $3.8 billion last year. The Giant-Carlisle division posted a net sales increase of 8.6% to $1 billion from $951 million last year.
According to Ahold, economic instability in the United States did not have a significant impact on local market conditions. Price investments related to the further roll-out of the Value Improvement Program, launched in September 2006 at Stop & Shop and Giant-Landover, will continue to impact margins, the company reported.
Supervalu’s Sunflower Markets to close after two years
MINNEAPOLIS The Sunflower Markets chain run by Supervalu is shutting down after two years in business. The chain announced that it’s now closing all five stores in three states.
“Ultimately, the format did not meet our goals,” said Supervalu spokeswoman Haley Meyer.
The smaller format stores emphasized organic foods and all-natural products and were seen as an alternative to other grocers like Whole Foods and Trader Joe’s. Three of the stores are located in Columbus, Ohio, and the other two are in Chicago and Indianapolis. The first store opened in early 2006 and Supervalu planned to open up to 50 stores if the format proved successful.