Kroger Reaches Tentative Labor Deal
Cincinnati, Grocery chain Kroger Co. said Wednesday it reached a tentative agreement on a new labor contract with its unionized workers in central Ohio. The contract covers about 10,000 employees who are members of United Food & Commercial Workers Union Local 1059 in Columbus, Ohio. The company said it was told by the union that it will recommend ratification Friday, when it presents the contract to members for approval.
Kroger did not disclose details of the settlement.
Finlay Signs New Agreement With Federated
New York City, Finlay Enterprises, the leading operator of licensed fine-jewelry departments in department stores, has signed a new three-year agreement with Federated Department Stores for the four Macy’s divisions in which Finlay currently operates. The new agreements were negotiated as a result of Federated’s recent acquisition of The May Department Stores Co. and the merged companies’ subsequent divisional realignment.
Couche-Tard Has Strong Quarter
Laval, Canada, Alimentation Couche-Tard posted strong second-quarter growth: Net earnings jump 44.9% to $55.5 million in the quarter ended Oct. 9. Revenues increase by 29.9% or $551.6 million to $2.39 billion. The company also signed an agreement in the second quarter to acquire 16 sites in New Mexico, United States and two agreements in the third quarter for 26 sites in Tennessee and seven sites in Ohio.