HOUSTON -- Sysco Corporation (NYSE:SYY) today announced that it has reached an agreement to purchase Chicago-based European Imports, Ltd. The acquisition is expected to be completed in the coming weeks.
"European Imports has a well-earned reputation and impressive track record in the high-end, specialty import products segment, and we are thrilled that they will be joining Sysco," said Chuck Staes, Sysco's senior vice president-Northern Region. "This is an excellent fit, be...
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By David Sterman
The U.S. consumer remains in a precarious state. Wages are rising at a slow pace, keeping many workers from boosting their earning -- and spending -- power on an inflation-adjusted basis. In fact, consumers may start to feel that they are losing ground if gasoline prices hit $4 a gallon this spring, as many economists now expect. The price of West Texas Intermediate Crude (WTI), the benchmark for U.S. oil...
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