Wednesday, April 17, 2013

Industry News: Decelerating

Supervalu said it would cut an estimated 1,100 jobs in the wake of its sale of its largest retail chains Albertsons, Jewel, Acme and Shaws/Star Market. The cuts affect most departments within the organization...Caribou Coffee will close 80 stores nationwide and turn 88 other locations into Peet's over the next 12 to 18 months. Caribou had 610 locations at the end of 2012. That number will be trimmed to 486 by 2015...Pool and patio supply company Namco LLC filed for Chapter 11 status in US Bankruptcy Court. Namco operates 37 US east coast stores.

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