ACME

Dear Acme member:

By now you might know that a long-term member at the Doylestown store has been terminated regarding Acme’s Greet Offer and Thank program – better known as GOT.  

 Source: The Motley Fool
By Dan Dzombak

Warren Buffett's partner, Charlie Munger, once said, "I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it. And never a year passes but I get some surprise that pushes my limit a little farther."

Souce: Seeking Alpha
by David Sterman

The rules of a paired trade are quite simple. Find a good company and make a bullish investment while also finding a lousy company in the same industry and make a bearish short investment against it.

That logic surely applies when two companies appear comparably valued. But what do you do when the solid operator appears quite overpriced and the lousy operator appears to be far too cheap? Well, you have to turn the paired trade theory on its head.

 By Maria Panaritis
INQUIRER STAFF WRITER

Acme Markets announced Thursday that it is laying off about 900 of the 14,000 employees at its 117 stores in and around Philadelphia, South Jersey, Delaware and Maryland

Dan Sanders, president of Malvern-based Acme, a division of Supervalu Inc., informed union leaders Thursday morning and sharedthe news with employees around lunchtime through satellite broadcasts to stores, Sanders said.

Thursday, April 28 – In a meeting held today, Acme Markets  reported that it will eliminate the jobs of 400 Local 1776 members.  This  will be part of a 905-job reduction company-wide.

  The company said that the  last day of work will be May 7 for those losing their jobs. Affected members of Local 1776 are all part time workers and the breakdown is as follows:  200 clerks and 200 customer service attendants.  

Three years of comp-store sales declines in Supervalu's retail division have taken their toll on the company's market share.

On the following pages, SN details up-to-date grocery sales market-share positions in a representative sample of 10 markets relative to a year ago, based on data provided exclusively to SN by Tucson, Ariz.-based Metro Market Studies

It was January, and the mega-corporation that owns Acme Markets had just lost $202 million. Its top executive was blunt: There are customers who think prices are too high. To Read the Res of this Article on Philly.com, Click Here

By MIKE HUGHLETT, Star Tribune

February 2, 2011 - 9:35 AM

Five years ago this past week, Supervalu Inc. announced a blockbuster $12 billion deal for Albertsons Inc., tripling its retail operations and making it one of the nation's largest supermarket operators with stores from coast to coast.To Read the Full Article, Click Here

Acme members met on Wednesday January 19th to hear from UFCW Local 1776 President Wendell Young about the Voluntary Severance Program being offered by their employer Acme Markets.