Should Walmart and Costco—two stores with differing target customers, business models and profit margins—be required to pay employees the same minimum wage? No, according to a new study from the National Center for Policy Analysis (NCPA). The analysis, authored by NCPA senior fellow Pam Villarreal and research associates Anna Shapovalova and Jacob Kohlhepp, warns that […]
Category: Corporate Store News
Posted in, Corporate Store News, Home Page Latest News, West
CEO Says Smart & Final Had ‘Exceptional’ 2015
Smart & Final Stores on Wednesday reported its financial results for the 13-week and 53-week periods ended Jan. 3. Net income for the 13-week fourth quarter rose 7.4 percent to $10 million. Sales increased 18.9 percent to $997.6 million, including $73.3 million attributable to an extra week in this year’s fourth quarter. Comparable store sales increased 3.5 percent, including […]
Posted in, Aldi, Corporate Store News, Executive News, Home Page Latest News, National
Aldi Appoints Third Co-President For U.S. Operations
Aldi on Tuesday said that Brent Laubaugh, VP of its Saxonburg division, has been promoted to co-president of Aldi in the U.S., joining David Behm and Chuck Youngstrom, who continue in their roles as co-presidents. All three co-presidents report to CEO Jason Hart. Laubaugh, whose promotion becomes effective March 28, has been with Aldi for […]
Posted in, Albertsons, Bonus Content, Central Market, Corporate Store News, Home Page Latest News, Market Profile, Shelby Signature Content, Southwest, Store News
United’s Market Street Banner Growing Under Albertsons Umbrella
by Terrie Ellerbee/associate editor United Supermarkets adopted a strategic growth plan in 1998 that grew the company into what it is today. It was a milestone in the company’s timeline, as United Supermarkets opened its very first Market Street store in Wichita Falls. The Market Street banner is described as “where everyday meets gourmet” with […]
Posted in, Albertsons, Corporate Store News, Grocery Industry, National
Kroger Reports 4Q And 2015 Results
The Kroger Co. on Thursday reported its fourth quarter and full year 2015 results. The grocer reported fourth quarter net earnings of $0.57 per diluted share and identical supermarket sales growth, without fuel, of 3.9 percent. Including six weeks of Roundy’s results, identical supermarket sales growth without fuel was 3.7 percent. Fiscal 2015 net earnings […]
Posted in, Corporate Store News, Grocery Industry, Independent Store News, Marketing News, Midwest, Store News, Suppliers
Minnesota Grocers Association Recognizes Six Companies For Efforts To Fight Hunger
The Minnesota Grocers Association (MGA) has revealed the Silver Plate Award, Circular and Best Marketing Campaign winners of its 2015 “Minnesota’s Own” display contest. The contest is part of a state-wide campaign coordinated annually by MGA that engages Minnesotans in the fight to end hunger in their communities. Since 2008, participants in the “Minnesota’s Own” […]
Posted in, Aldi, Corporate Store News, National, Store News
Aldi Now Accepting Credit Cards At Stores Nationwide
Aldi is now accepting credit cards, including Visa, MasterCard, Discover and American Express, at all of its stores across the country. Previously, the chain only accepted cash and debit cards. “As Aldi continues to evolve by expanding its product lines and moving into new markets, the way we do business will continue to evolve as […]
Posted in, Corporate Store News, Southeast, Store News
Publix Reports Across-The-Board Positive Results For 4Q, Fiscal Year
Publix Super Markets is reporting positive fourth quarter and fiscal year results across the board. Publix’s sales for the fourth quarter of 2015 were $8.2 billion, a 4.5 percent increase from last year’s $7.9 billion. Comparable-store sales for the fourth quarter of 2015 increased 3.2 percent. Net earnings for the fourth quarter of 2015 were […]