Consumers started spending again in September, with retail sales jumping a healthy 1.5%, the Commerce Department said. Analysts say the positive news means interest rates will likely be hiked in December.
The chain now carries Sierra Madre White Corn and Flour Tortillas, and one Food Lion official said, "Customer response to the Sierra Madre Tortillas will guide us in development of other Sierra Madre products."
Sources close to Kraft Foods say the food company has put its Altoids and Life Savers brands up for sale, with Hershey Foods, Cadbury Scweppes and Wm. Wrigley Jr. all seen as potential buyers. The two brands could fetch as much as $1 billion, and their sale reflects Kraft's decision to focus on its cookie, cracker and cheese brands.
The magazine's 2004 Retail Excellence Award was given to Kroger for addressing the challenges of a changing grocery retail industry and succeeding in the face of fierce competition from discount retailers. "Kroger has written the book on dealing with reality," said David Orgel, Editor-in-Chief of Supermarket News.