Search results for : supermarkets
Parking lot donation questioned
August 16, 2010
Parking lot donation questioned
By K. NANCOO-RUSSELL
Freeport News Reporter
krystal@nasguard.com
Freeport, Grand Bahama-Concerns have been raised about an arrangement between grocery store Sawyer's Fresh Market, and the Ministry of Education to construct a parking lot on the premises of the Hugh Campbell Primary School.
However, company officials say the project is a donation to alleviate the school's problem of insufficient pa...
Lobster craze has hit local restaurants
August 24, 2010
Lobster craze has hit local restaurants
By ALESHA CADET and
JEFFARAH GIBSON
Tribune Features Writers
With the onset of the open lobster season, a number of Bahamian resturants are celebrating the delicacy by offering special menus.
Since the season opened on August 1,lobster tails can be seen at locals docks, in produce section of supermarkets, and on platters at local restaurants in abundance.
At Ristorante Villaggio patrons can e...
City Markets' shrinkage three times sector norm
August 29, 2010
City Markets' shrinkage three times sector norm
By NEIL HARTNELL
Tribune Business Editor
TROUBLED supermarket chain City Markets is continuing to incur "substantial" costs as a result of inventory 'shrink' levels that are running three times' ahead of international industry norms, the company's chief executive has warned.
Adding that some jobs among the company's 700-strong workforce may be affected as the company bids to return to profitabi...
Light at the end of the tunnel
August 30, 2010
Light at the end of the tunnel
By SCOTT ARMSTRONG
Guardian Business Editor
scott@nasguard.com
twitter.com/guardianbiz
After three years of continuous losses City Markets has finished a tough 2010 by making its first actual profit in the final period of the financial year.
Bahamas Supermarkets Limited, which runs the chain, has seen the first sign of hope that a turnaround is possible by making around$80,000 profit for period 1...
Mitchell: City Markets Meeting...
September 07, 2010
Mitchell: City Markets Meeting...
Nassau, Bahamas -
On the 1st September, The Nassau Guardian carried a story with an
interview with Derek Winford, the CEO of Bahamas Supermarkets Ltd.,
which does business in The Bahamas as City Markets. The story said that
I attended a meeting with the CEO to discuss my intervention in the
press on behalf of my constituents about the fate of City Markets. The
story said that it ...
City Market releases 2010 figures
September 08, 2010
City Market releases 2010 figures
By SCOTTâ ARMSTRONG
Guardian Business Editor
scott@nasguard.com
twitter.com/guardianbiz
The full picture of City Market's 2010 has been reported as the company has published its annual unaudited figures, ending the year some$7.4 million in the red despite generating sales of just under$100 million.
The Nassau Guardianrevealed last week how Bahamas Supermarkets Limited had actually made an$8...
City Markets targeting Christmas profitability
September 08, 2010
City Markets targeting Christmas profitability
By NEIL HARTNELL
Tribune Business Editor
City Markets chief executive yesterday said he hoped to return the supermarket chain to profitability over the Christmas shopping period, aided by a marketing "arsenal" it aimed to launch within the next two weeks, amid signs that the company is stemming the bleeding - the 2010 fourth quarter loss totalling $873,000.
Talking to Tribune Business after the...
Buyers circle City Markets' F'port stores
September 09, 2010
Buyers circle City Markets' F'port stores
By NEIL HARTNELL
Tribune Business Editor
City Markets has received offers to acquire/take over all or some of its three Grand Bahama-based stores, including an approach from Sawyer's Fresh Market over its Eight Mile Rock outlet, but the listed supermarket chain's chief executive told Tribune Business that "nothing is signed or concluded" in terms of any deal.
Derek Winford confirmed Tribune Bus...
7.5m Robin Hood 2 a'done deal'
September 10, 2010
7.5m Robin Hood 2 a'done deal'
ByScott Armstrong
Guardian Business Editor
scott@nasguard.com
twitter.com/guardianbiz
A$7.5 million plan to create Robin Hood's second store to serve the east of New Providence is a"done deal"with Sandy Schaefer closing on the purchase of the former Pepsi factory.
Schaefer, president and owner of the popular discount supermarket, revealed toThe Nassau Guardianthat he had signed on the dotted line-...
September 15, 2010
City Markets owed staff pension fund 500k at end-2009
By NEIL HARTNELL
Tribune Business Editor
Bahamas Supermarkets, parent company of the 11-store City Markets grocery chain, owed the staff pension fund almost $519,000 at its 2009 year-end in unpaid rent for the company's head office, with its financial troubles preventing any contributions by the firm to the plan during the 2007-2009 period.
The audited financial statements for Bahamas Supermark...
Search Options
Filter:
Sponsored Ads
