Food Retail

Initial Claims for Unemployment Insurance rose by 51,000 last week to 454,000 (last week was revised down by 1,000, so one could see it as a 50,000 increase). This was much worse than the expected level of 410,000. This is an unwelcome turnaround, and more than negates last week's big drop. This is...

WMS Industries Inc. (NYSE: WMS) today announced that Keith R. Wyche has been appointed to serve on WMS' Board of Directors, effective immediately. Mr. Wyche, 51, is currently President and Chief Executive Officer of Cub Foods, a retail grocery chain with more than 70 stores and approximately $2.8...

Citigroup is reiterating its Buy rating on Winn-Dixie Stores, Inc. (NASDAQ: WINN). “Delhaize reported 4Q10 U.S. sales results last Friday of (-0.8)%, which improved sequentially from 3Q10 of (-1.8)%,” Citigroup writes. “We believe the sequential improvement in IDS for Delhaize is a positive for...

The Kroger Co. (NYSE: KR) today announced that its Board of Directors declared a quarterly dividend of 10.5 cents per share to be paid on March 1, 2011 to shareholders of record as of the close of business on February 15, 2011.

Safeway (NYSE: SWY) pricing surveys in Los Angeles and Chicago cause Jefferies to take a "nervously bullish" stance on Safeway stock in a research report published today. In the report, Jefferies states, "While our surveys in L.A. and Chicago revealed price stability, a welcome sign, Safeway...

SUPERVALU Inc. (SVU) reported lower-than-expected earnings of $0.24 per share in the third quarter of fiscal 2010. Earnings declined 52.9% year-over-year and were 22.6% lower than the Zacks Consensus Estimate of $0.31. Net sales for the quarter declined 5.9% year-over-year to $8,673 million,...

SUPERVALU Inc. (SVU) reported lower-than-expected earnings of $0.24 per share in the third quarter of fiscal 2010. Earnings declined 52.9% year-over-year and were 22.6% lower than the Zacks Consensus Estimate of $0.31. Net sales for the quarter declined 5.9% year-over-year to $8,673 million,...

We currently downgrade the shares of Supervalu Inc. (SVU) to Underperform. The rating downgrade is based on weaker profits during the third quarter of 2010, which were below the Zacks Consensus Estimate due to decrease in revenues,because of declines in the retail food segment and supply chain...

We currently downgrade the shares of Supervalu Inc. (SVU) to Underperform. The rating downgrade is based on weaker profits during the third quarter of 2010, which were below the Zacks Consensus Estimate due to decrease in revenues,because of declines in the retail food segment and supply chain...

Initial Claims for Unemployment Insurance fell by 37,000 last week to 404,000 (last week was also revised down by 4,000, so one could see it as a 41,000 decline). This was much better than the expected level of 425,000. This is a welcome turnaround, and suggests that the decline we saw at the end...

Initial Claims for Unemployment Insurance fell by 37,000 last week to 404,000 (last week was also revised down by 4,000, so one could see it as a 41,000 decline). This was much better than the expected level of 425,000. This is a welcome turnaround, and suggests that the decline we saw at the end...

Cusick's Corner The Small Caps, higher Beta stocks (IWM), were the real movers to the downside today. This raises a potential red flag because these markets are more sensitive to domestic economic conditions. If the economy at home does look like it is potentially slowing, then these stocks in...

Xilinx Inc (NASDAQ: XLNX) shares reached $31.87 to create a new 52-week high, before falling to $31.84, representing a 0.47% gain. XLNX is scheduled to report its Q3 earnings on January 19. Whole Foods Market Inc (NASDAQ: WFMI) shares reached $53.33 to touch a new 52-week high, before falling to $...