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Department of Defense Awards Royal Ahold Unit Deal

BY CSA STAFF

Washington D.C., The U.S. Defense Logistics Agency on Tuesday awarded a food distribution contract worth about $38.8 million to U.S. Foodservice, a subsidiary of Dutch firm Royal Ahold NV. The Army and Air Force will use services under the one-year pact, which was awarded to U.S. Foodservice in Fairburn, Ga.

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Report: Wal-Mart Bidding $100M for Chain in China

BY CSA STAFF

Beijing, Wal-Mart Stores has emerged as the leading bidder to buy a chain of 100 hypermarkets in China, but a final agreement has yet to be reached, according to a report in The Financial Times. The company is reportedly bidding about $1 billion to buy the chain from Trust-Mart, a Taiwanese company.

If completed, the deal would vault Wal-Mart past its rival, Carrefour SA of France, in the number of hypermarkets in China. Currently, Wal-Mart has 66 stores in China. The chain has said it plans to increase fivefold in size in that country in the next five years.

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More Young Shoppers Head to Department Stores

BY CSA STAFF

Los Angeles, The National Retail Federation’s (NRF) 2006 holiday season survey has found that more college-aged shoppers will be hitting department stores this year to do their shopping. The Holiday Consumer Intentions and Actions Survey found that 79% of shoppers ages 18 to 24 planned to shop at department stores during the holidays, up from nearly 73% last year.

While nearly three-quarters of American consumers plan to shop at discount stores this holiday, nearly 62% are headed to department stores, the study found, with 48% shopping at specialty stores and 47% looking to the Web for their gifts.

The average consumer plans to spend $791.10 on presents this holiday, up from $738.11 in 2005, according to the study, an increase boosted by lower gas prices and rising consumer confidence.

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