Report: Group of grocers may have violated antitrust law
San Francisco — A Bloomberg report on Tuesday said that three major grocery chains may have violated antitrust law by profit-sharing during a strike.
The U.S. Court of Appeals in San Francisco on Tuesday ruled that Safeway, Supervalu Inc.’s Albertson’s and Kroger Co.’s Ralph’s supermarket chains were not exempt from antitrust scrutiny, as a court last year overturned a lower-court ruling that the agreement, reached during a 2003 conflict with the companies’ unions, didn’t violate antitrust law.
“More than a ‘quick look’ is required to ascertain its impact on competition,” according to Tuesday’s ruling.
The grocery retailers had argued that the agreement, which called for sharing profits if any of the three were singled out for a strike, wasn’t anticompetitive because it lowered prices for consumers by reducing labor costs. The state of California sued the trio in 2004, saying the mutual strike assistance agreement violated federal antitrust laws and led to higher prices.
Canadian fashion brand selects Oracle Retail to drive growth
Quebec — Fashion brand Groupe Dynamite, based in Quebec, said Tuesday it has selected Oracle Retail applications to support the company’s expansion plans.
Groupe Dynamite said it will implement Oracle Retail merchandising, demand forecasting and store solutions across its 250 “Garage” and “Dynamite” brand locations in North America.
“We want to transform our business and needed a proven retail technology platform as a part of that process,” said Anna Martini, president, Groupe Dynamite.
Groupe Dynamite said it selected the Oracle offerings to provide better insight to consumer demand and item performance, improve control over products and inventories and reduce markdowns.
Navarro Discount Pharmacy names CEO
New York City — Navarro Discount Pharmacy, which currently has 29 stores, has named CFO Juan Ortiz to the position of CEO.
Ortiz succeeds CEO Steve Kaczynski, whose expertise in retail merchandising and marketing over the last 18 months has been instrumental in setting a strategic direction for the company and expanding its footprint in South Florida and nationally, the company said.
"Juan Ortiz and his team have worked diligently on [giving] Navarro¹s successful financial turnaround building a singular focus and working hand-in-hand with management and employees to execute an effective, long-term plan," stated Jorge Rico, a co-founding partner of MBF Healthcare Partners, Navarro’s equity partner. "In addition, Juan’s leadership over the last three years laid the needed groundwork for the first phase of Navarro¹s three-year store expansion plan, now being implemented, as well as record sales and earnings in the company’s 50-year history."