Article: Kash n' Karry Food Stores, Inc. And Gooding's Supermarkets Terminate Supply Agreement

TAMPA, Fla., Oct. 11 /PRNewswire/ -- Kash n' Karry Food Stores, Inc. (Nasdaq-NNM: KASH) today announced that it has agreed in principle with Gooding's Supermarkets, a 17-store Orlando-based supermarket chain, to terminate its supply agreement with Gooding's. It is expected that Kash n' Karry will cease shipments to Gooding's some time later this month.

"Kash n' Karry and Gooding's initially believed that there would be mutual benefits from the supply agreement," said Ron Johnson, Chairman and CEO of Kash n' Karry. "However, over the last year it became apparent that the anticipated benefits were not being realized by either company. While we are ...

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