Publix’s sales for the fourth quarter of 2014 were $7.9 billion, a 6.9 percent increase from the previous year’s $7.4 billion. Comparable-store sales for the fourth quarter increased 6.4 percent. Net earnings for the fourth quarter were $453.3 million, compared to $422.0 million in 2013, an increase of 7.4 percent. Earnings per share for the […]
Tag: financial
Posted in, Executive News, National, Northeast
Hershey Names Little CFO
The Hershey Co. has appointed Patricia A. Little as its new SVP and CFO, effective March 16. In her role at Hershey, Little will oversee the company’s global finance organization and be a part of the company’s global leadership team reporting to President and CEO John P. Bilbrey. She will have responsibility for the financial […]
Posted in, West
Unified Grocers Reports 1Q Sales Increase
Unified Grocers has reported improved net sales of $17.9 million, up 1.9 percent, for its first quarter of fiscal 2015 ended Dec. 27, 2014. This sales increase reflected ongoing improvement in the company’s core business. “We are extremely pleased by the continued growth in sales,” said Bob Ling, president and CEO of Commerce, California-based Unified […]
Posted in, Executive News, Marketing News, National
Aptaris Taps William Gilmour As CFO
Aptaris, a leading provider of enterprise marketing and promotions management solutions, has appointed William Gilmour as CFO. Gilmour brings more than 20 years of finance leadership in the software industry. “Business agility is a priority for us and our clients,” said Tom O’Reilly, CEO of Aptaris. “Bill’s addition to the executive team will ensure we […]
Posted in, Corporate Store News, National, Northeast
Maine, Rhode Island Among States Dollar General Plans To Enter Next Year
Maine and Rhode Island, as well as Oregon, are states where Dollar General expects to set up shop for the first time in 2015. The Tennessee-based retailer made those plans known Thursday while reporting its fiscal 2014 third quarter results. “For 2015, we have plans to open 730 new stores and will have a presence […]
Posted in, Corporate Store News, Southwest
Walmart U.S. Delivers Positive Comp Store Sales
Walmart’s U.S. same store sales moved into positive territory for the first time in seven quarters, increasing 0.5 percent in the 13-week third quarter ended Oct. 31. Comp sales for its Neighborhood Market format increased approximately 5.5 percent during the quarter. Walmart U.S. net sales increased $2.3 billion in the third quarter, or 3.4 percent, […]
Posted in, Corporate Store News, Southeast
Publix Posts 5.1 Percent Sales Gain For 3Q
Publix Super Markets’ sales for the third quarter of 2014 were $7.4 billion, a 5.1 percent increase from last year’s $7 billion. Comparable-store sales for the third quarter of 2014 increased 5 percent. The Lakeland, Florida-based grocer announced the results Tuesday. Net earnings for the third quarter of 2014 were $384.2 million, compared to $359.9 […]
Posted in, Corporate Store News, Northeast
Weis Markets’ Same-Store Sales Up 2.6 Percent In 3Q
Weis Markets on Friday reported that its third quarter sales increased 3.4 percent to $683.9 million, while its comparable store sales increased 2.6 percent compared to the same period in 2013. The company’s third quarter net income increased 17.2 percent to $13.7 million compared to $11.7 million for the same period in 2013. During the […]
Posted in, Feature, Grocery News, National, Shelby Signature Content
The Art Of Pricing—Is Walmart’s Price First Smart?
Some experts claim the U.S. economy has nearly recovered. Now if someone could convince American consumers the economy is better, retailers across all sectors would jump for joy. Unfortunately, that doesn’t look promising. Today, nearly half the U.S. population thinks the United States is still in recession, according to a recent Wall Street Journal poll. […]
Posted in, Corporate Store News, Southwest
Alco Stores Files Chapter 11 Bankruptcy
Coppell, Texas-based Alco Stores Inc. and its subsidiary, Alco Holdings LLC, filed voluntary petitions for Chapter 11 relief in the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, on Oct. 12. Debtors expect to continue to operate their businesses as “debtors-in-possession” (DIP) under the jurisdiction of the bankruptcy court and in accordance with […]
Posted in, Independent Store News, Industry News, Online Grocery Technology, West
Mi Pueblos In NorCal Offering All Western Union Services
Mi Pueblo Food Centers has partnered with Western Union to offer shoppers access to Western Union Money Transfer®, money order and bill payment. The services are available at Mi Pueblo stores in the Bay Area, Monterey Peninsula and Central Valley of California. The collaboration is part of Western Union’s efforts to strengthen its independent retail […]
Posted in, Amazon Fresh, Corporate Store News, National, Whole Foods
Kroger’s 2Q ID Sales Up 4.8 Percent
The Kroger Co. on Thursday reported net earnings of $347 million, or $0.70 per diluted share, and identical supermarket sales growth, without fuel, of 4.8 percent in the second quarter of fiscal year 2014. Net earnings in the same period last year were $317 million, or $0.60 per diluted share. It marks the Cincinnati-based grocer’s 43rd […]
Posted in, Corporate Store News, Southwest
Whole Foods Market Among First Merchants To Integrate With Apple Pay
Whole Foods Market is among the first retailers participating in Apple Pay, described as “an easy, secure and private way” to make purchases from an iPhone. With Apple Pay, instead of using an actual credit or debit card number, a unique device account number is assigned, encrypted and securely stored in a dedicated chip in […]
Posted in, Independent Store News, West
C&K Broadens Store Offerings As Company Emerges From Bankruptcy
C&K Market is previewing what customers can expect in the future as it emerged from bankruptcy Aug. 10. “We’ve been in the stores, talking with customers and identifying how we can serve them even better,” said Karl Wissmann, C&K Market’s president. “With bankruptcy behind us, we’re in a position to enhance our stores. Customers can […]
Posted in, National, West
Unified Grocers Reports Sales Growth, Operating Income Improvement
Unified Grocers this week reported improved sales and operating income for its third quarter of fiscal year 2014 ended June 28 and for the year to date. The Commerce, Calif.-based wholesaler reported gross billings of $2.882 billion for the year, compared to gross billings of $2.778 billion for the same period last year (a 3.7 […]
Posted in, National, Suppliers
Cutrale, Safra Groups Propose To Acquire Chiquita For $625M In Cash
The Cutrale Group, an agribusiness and juice company, and investment firm Safra Group have proposed to acquire 100 percent of the outstanding stock of Chiquita Brands Inc. for $13 per share, or approximately $625 million, in cash. This proposal represents a premium of 29 percent to Chiquita’s closing share price of $10.06 as of Aug. […]
Posted in, Corporate Store News, Southeast
Publix’s Sales Up 6.6 Percent In 2Q
Publix’s sales for the second quarter of 2014 were $7.5 billion, a 6.6 percent increase from last year’s $7 billion. Sales for the second quarter were positively impacted 1.3 percent due to the Easter holiday being in the second quarter of 2014. Comparable-store sales for the second quarter increased 6.3 percent. Net earnings for the […]
Posted in, Northeast, Store News
Sales Up At Weis Markets For 2Q But Net Income Down 47 Percent
Weis Markets today reported that its second quarter sales increased 4.5 percent to $691.9 million during the 13-week period ended June 28, while its comparable store sales increased 2.9 percent. However, the Sunbury, Pa.-based grocer’s second quarter net income totaled only $12.8 million vs $24.2 million in 2013, down 47.1 percent. Earnings per share were […]
Posted in, National, West
CGA Educational Foundation Receives Landmark Donation
The California Grocers Association Educational Foundation has received a record donation from the California Independent Grocers Association (CIGA) that will significantly expand the funding of college scholarships, tuition reimbursement and industry educational opportunities for independent grocer members of CGA and their dependents. The $403,000 gift was the result of the recent merger between CIGA and […]
Posted in, Independent Store News, West
Judge Signs Off On C&K Market Bankruptcy Emergence Plan, Grocer Reveals New Initiatives
U.S. Bankruptcy Judge Frank R. Alley III signed an order Monday confirming C&K Market’s plan to emerge from bankruptcy, which allows the company to operate without the court’s supervision. “As we look to the future, we’re excited to implement several new programs. We’ll begin by taking care of our customers by providing them with healthier […]