Grocery chain Weis Markets shaved millions of dollars off its profits over the last several years due to an inventory error that the company attributed to “misconduct”
Walmart has reached a $100 million settlement in a multistate complaint over compensation for delivery drivers in its eight-year-old Spark Driver Program. Pennsylvania Attorney General Dave Sunday was part of a bipartisan group of attorneys general and the Federal Trade Commission that pressed the complaint, according to a press release. The settlement, filed on Feb 26, resolved allegations […]
In a regulatory filing, Weis Markets disclosed that it overstated some of its inventory and plans to restate its financials going back to 2022. As a result of the accounting miscue, the Sunbury-based grocery chain said investors could no longer rely on its financial reports covering fiscal years 2022, 2023, 2024 and the first three quarters of […]
Carlisle-based The Giant Co. said yesterday it agreed to buy Everett Foodliner and Saxton Market, a pair of Bedford County grocery stores owned by brothers Bob and Joe Appleby. Giant is buying the real estate and related grocery and fuel business assets for what will become its first stores in the county. Terms of the transaction, expected to close […]
Carlisle-based grocery chain The Giant Co. is closing ecommerce fulfillment centers in Lancaster and four other places in Pennsylvania as it changes its approach to delivering groceries ordered online, a service known as Giant Direct. Giant is dropping its centralized model in favor of a store-based approach, according to company spokesperson Ashley Flower. Giant employees […]
Life could be returning to Iron Hill Brewery and Restaurant locations in Hershey and Lancaster following the regional chain’s sudden bankruptcy in October. Chicago-based Ciao Hospitality Group is taking over leases at the two locations and plans to reopen them within a few months, according to Ciao CEO Jeff Crivello. What to name the venues is still up in […]
Renewal by Andersen of Central PA, an independently owned retail affiliate of Minnesota-based door and window manufacturer Andersen Corp., has been acquired by another Andersen affiliate, St. Louis-based The Birner Group. Terms of the transaction were not disclosed. The Central PA Andersen affiliate was owned by Joe Zisman, who is retiring after five decades in the industry, […]
Weis Markets has won court approval to take over prescriptions for customers at 11 Rite Aid stores in Pennsylvania and New York, according to a spokesperson for the Sunbury-based grocery chain. The stores include Rite Aid locations in Dover and Hanover, as well as Altoona, Brodheadsville, Fogelsville, Honesdale, Montoursville, Mountain Top, Wellsboro and Williamsport, Weis spokesperson […]
Weis Markets, whose pharmacy business has been growing by double digits, is making a play for pieces of Rite Aid. Legal filings in the Rite Aid bankruptcy case reveal that Sunbury-based Weis is among those bidding for the pharmacy chain’s assets. A Weis spokesperson declined to comment, and legal filings offer no details. But Weis joins […]
Rite Aid said yesterday it is filing for Chapter 11 bankruptcy for the second time in two years. While the pharmacy chain emerged as a smaller, leaner company after its last trip through bankruptcy court, it is bracing this time for a sale. “While we have continued to face financial challenges, intensified by the rapidly evolving […]