1. Food wholesalers industry
- Author
-
Niemond, George A., Greene, Robert M., Kavanaugh, Kyle M., Ettinger, John S., and Gallant, Michael E.
- Subjects
Fleming Companies Inc. -- Finance ,Nash Finch Co. -- Finance ,Oshawa Group Ltd. -- Finance ,Provigo Inc. -- Finance ,Richfood Holdings Inc. -- Finance ,Rykoff-Sexton Inc. -- Finance ,Super Food Services Inc. -- Finance ,SUPERVALU Inc. -- Finance ,SYSCO Corp. -- Finance ,George Weston Ltd. -- Finance ,Grocery industry -- Finance ,Business ,Business, general - Abstract
Sales growth among food wholesalers has been minimal in 1994, excepting the gains yielded by Fleming's purchase of Scrivner. The reasons are two: nonexistent food price inflation and competition from grocery chains, discount drugstores and mass merchandisers. Wholesalers are also laboring under the high cost of ongoing acquisitions. But these should help make the industry profitable by 1997. The group is recommended to long-term investors only.
- Published
- 1994