food: February 2009 Archives

Grocery stores

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Several grocery chains are closing stores in response to the economic slowdown.

A detour for Detour

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In the wake of the Peanut Corporation of America scandal, snack bar manufacturer Forward Foods filed for bankruptcy. Forward, which makes Detour energy bars, is suffering from the extensive peanut recall. The company's private-equity owners have lined up financing to continue operations during the bankruptcy restructuring.

Peanut Corporation of America

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Not economy-related, but certainly retail-affecting, the Peanut Corporation of America filed for bankruptcy protection on Saturday. The company is under extreme pressure following salmonella outbreaks traced to unclean conditions at more than one of its factories. Sales of peanut-based grocery products are down as much as 28% in the wake of the health scare.

Local food markets

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Retailers selling food, typically among the lowest-margin businesses in the nation, are suffering as much as anyone in the rough economy. Some regional stories of note:

Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. By David Wertheimer. Did I miss something? Drop me a line.

About this Archive

This page is a archive of entries in the food category from February 2009.

food: January 2009 is the previous archive.

food: March 2009 is the next archive.

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