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Top supermarketnews.com News
US Economy · United StatesU.S. consumer prices rose more than expected in August and the annual increase in inflation was the largest in seven months, but the data is not expected to prevent a much-anticipated interest rate cut from the Federal Reserve next week against the backdrop of labor market weakness.See the Story
US inflation increased more than expected to 2.9% in August
68% Center coverage: 121 sources
Wisconsin · WisconsinFestival Foods, the Wisconsin-based grocery chain, has been purchased by the parent company Schnucks, a Midwest-based supermarket chain, according to a press release from Festival.According to the release, Todd Schnuck, Chairman and CEO of Schnuck Markets, Inc., announced the 1939 Group, Inc.s definitive agreement to purchase 100% of the shares of the Wisconsin-based parent company of Skogens Festival Foods and Hometown Grocers, Inc.The 1939 Gro…See the Story
Festival Foods Sold to St. Louis-Based Supermarket Chain
80% Center coverage: 15 sources
CFO · TewksburyTEWKSBURY — The Market Basket Board of Directors has named the company’s longtime Chief Financial Officer Donald Mulligan to the role of interim CEO after the board fired longtime CEO Arthur T. Demoulas last week.See the Story
Market Basket Names Interim CEO to Succeed Arthur T. Demoulas
67% Center coverage: 12 sources
