FINANCE

Consumer confidence falls

BY Marianne Wilson

New York — Consumer confidence declined more than expected in December, reaching a four-month low as Americans grew concerned about the possibility of higher taxes next year. The Thomson Reuters/University of Michigan preliminary consumer sentiment index decreased to 74.5 this month from 82.7 in November. Economists had projected a preliminary reading of 82 for December.

The metric of current conditions, which reflects consumers’ perceptions of their financial situation and whether it is a good time to buy big-ticket items, eased to 89.9 from 90.7 the prior month.

The Michigan index of consumer expectations six months from now, which projects the direction of consumer spending, decreased to a one-year low of 64.6 from 77.6 in October. Americans were more pessimistic about the outlook for their finances, the economy and the labor market, the report said.

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REAL ESTATE

Walmart Canada opens 200th supercenter

BY Marianne Wilson

Mississsauga, Ontario — Walmart Canada on Friday opened its 200th supercenter, in Edmonton, Alberta. Today’s grand opening marks a major milestone for Walmart Canada. The company opened its first supercentres in Ontario in 2006. Today, Walmart Canada has supercentres in six provinces and 373 stores nationwide serving more than eight million customers each week.

Edmonton-Abbottsfield Walmart Supercentre is one of 73 real estate projects planned for the company’s current fiscal year, which will add 4.6 million sq. ft. of retail space to its operations by Jan. 31. The 73 projects include building new stores and expanding, remodeling or relocating existing stores and represent an investment of more than $750 million in Canadian communities. These projects include 39 former Zellers stores and will generate more than 14,000 store, trade and construction jobs.

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M.C says:
Mar-23-2013 02:44 pm

The company continued to show
The company continued to show their great success, and this is clearly seen with their ongoing expansion in different areas around the country. - Michael Courouleau

M.C says:
Mar-23-2013 02:44 pm

The company continued to show their great success, and this is clearly seen with their ongoing expansion in different areas around the country. - Michael Courouleau

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OPERATIONS

Reports: Shakeup at Delhaize America; Food Lion CEO out

BY Marianne Wilson

New York — Cathy Green Burns, president of Food Lion, has left the company and is being succeeded by Beth Newlands Campbell as part of a major organizational shakeup at Delhaize America, according to published reports. Delhaize America is a division of Brussels-based Delhaize Group. Campbell previously served as president of Hannaford Supermarkets.

The shakeup comes on the heels of the Oct. 15 appointment of Roland Smith as president and CEO of Delhaize America and EVP of Delhaize Group. Smith, former president and CEO of The Wendy’s Co., replaced Ronald Hodge, who had been with the company for 33 years.

Brad Wise, senior VP human resources for Delhaize America, will become the new president of Hannaford/Sweetbay. Mike Vail, president of Sweetbay Supermarkets, will assume the role of chief supply chain officer for Delhaize America.

In other moves:

  • Mark Doiron, Delhaize America chief supply chain officer, has left the company;
  • Greg Amoroso, SVP business service center and sustainability for Delhaize America, becomes CFO for Delhaize America;
  • David Criscione will assume the role of chief strategy and development officer of Delhaize America. Most recently, he was SVP strategy, marketing and business development at Hannaford;
  • Meg Ham will continue in her role as president of Bottom Dollar Food;
  • Deborah Dixson will serve as chief information officer of Delhaize America; and
  • Linn Evans will continue as chief legal officer of Delhaize America.
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P.Lopez says:
Apr-10-2013 07:35 pm

Chatrandom
Delhaize America is a division of Brussels-based Delhaize Group. Campbell previously served as president of Hannaford Supermarkets. Chatrandom

P.Lopez says:
Apr-10-2013 07:35 pm

Delhaize America is a division of Brussels-based Delhaize Group. Campbell previously served as president of Hannaford Supermarkets. Chatrandom

P.Jones says:
Mar-26-2013 05:55 am

So much important news that
So much important news that are happening today. I find this topic very important. - Michael Courouleau

P.Jones says:
Mar-26-2013 05:55 am

So much important news that are happening today. I find this topic very important. - Michael Courouleau

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