Retail Financial Archive
Publix Sees Earnings Decline in Q2
LAKELAND, Fla. — Publix Super Markets here on Friday said it suffered a profit squeeze in second quarter, as net income fell 3.5%, to $295.8 million, even though sales were up for the period. ...
Ingles Posts 13.1% Gain in Quarterly Sales
ASHEVILLE, N.C. — Ingles Markets here on Friday posted double-digit gains in sales for its third fiscal quarter, and earnings also increased when adjusted for one-time gains in the year-ago period. ...
Foote, Former Loblaw President, Named CEO at Zellars
TORONTO — Mark Foote, who in April resigned as president and chief merchandising officer of Loblaw in a management restructuring, was named president and chief executive officer at Zellar’s, the Canadian mass merchandiser, according to Hudson’s Bay Co., Zellar’s parent company, based here. ...
Price Investments Lift U.S. Sales at Ahold
AMSTERDAM — Price investments and promotional activity helped Ahold post quarterly sales gains of 1.7% at Stop & Shop/Giant-Landover and 11.5% at Giant-Carlisle, the company, based here, said Friday....
Winn-Dixie ‘Well Below Expectations’ in Q4 Earnings
JACKSONVILLE, Fla. — Investments in promotional programs to attract value-oriented shoppers increased sales, but margins and earnings fell “well below expectations” for the fourth quarter and fiscal year ended June 25 at Winn-Dixie, the company said in a statement Thursday....
Harris Teeter Sales Pace Ruddick Q3 Earnings Gain
CHARLOTTE, N.C. — Continued strong performance at the Harris Teeter chain — including comparable-store gains driven by increased store traffic — helped parent company Ruddick Corp. post a 15.6% increase in earnings for the third quarter ended June 29, the company said Thursday. ...
Spartan Boosts Earnings on Better Margin Mix
GRAND RAPIDS, Mich. — Spartan Stores posted a 52.2% increase in net earnings and an operating earnings increase of 26.4% during the fiscal first quarter ended June 21, the company said Wednesday....
Appeals Court Reverses Ruling in Bashas' Suit
SAN FRANCISCO — The Ninth Circuit Court of Appeals here has reversed a lower court ruling that denied certification of a class-action suit brought by Hispanic workers at some of Bashas' Food City stores — stores at which questions of whether the workers are represented by the United Food and Commercial Workers Union are in dispute. ...
California Supermarkets Shaken but Intact After Temblor
LOS ANGELES — The 5.4 earthquake that hit Southern California late yesterday morning did not have much impact on local supermarket operations, several food retailers told SN....
Mervyn’s, Bennigan’s Declare Bankruptcy
HAYWARD, Calif. — In more signs of a troubling economy for retailers, the respective parents of the Mervyn’s department store chain and Bennigan’s and Steak & Ale restaurants separately filed for bankruptcy protection Tuesday. ...
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