Retail Financial Archive
Sam’s Club Offering Short-Term Memberships
BENTONVILLE, Ark. — Sam’s Club here said yesterday it plans to hold in-store events over the next two weekends to sign up families and businesses for $10 memberships good for 10 weeks — the first time it has offered short-term memberships....
Wal-Mart Closes Unionized Auto Center in Quebec
TORONTO — Citing “an unworkable union contract” that increased costs by more than 30%, Wal-Mart Canada on Thursday closed the Tire Lube Express automotive center at its discount store in Gatineau, Quebec....
Kroger Sees Sales Improving
CINCINNATI — Kroger Co. here said sales trends have continued to improve in its fiscal third quarter. ...
Dollar Stores Looking for Share of Holiday Spirit
NEW YORK — Dollar stores aren’t preparing for a massive holiday sales season, but they intend to be a part of it, according to remarks at the Wachovia Consumer Growth Conference here Wednesday...
NGA to Invite Suppliers to Board
ARLINGTON, Va. — The National Grocers Association has announced that its board of directors approved an amendment to the current bylaws and approved four positions on its board for manufacturers and service suppliers for the first time. ...
Sprouts Market Readies Colorado Launch
PHOENIX — Sprouts Farmers Market is set to open its first facilities in Colorado this Friday, with locations in Westminster and Parker planning soft openings, the natural food retailer here said. ...
Spartan Sales Gains Buoy Profits in Q2
GRAND RAPIDS, Mich. — Spartan Stores here yesterday said same-store sales growth of 4.1%, excluding fuel, and increased distribution sales in its fiscal second quarter helped drive profit gains in the period. ...
A&P Sales Improve Despite Pathmark Profit Issues
MONTVALE, N.J. — A&P’s sharply devalued stock rebounded somewhat Tuesday after the retailer here reported increased second-quarter sales and reduced losses despite encountering additional transition problems that sunk margins at its newly acquired Pathmark stores. ...
Piggy Wiggly Carolina Cuts 26 Jobs: Report
CHARLESTON, S.C. — Piggly Wiggly Carolina here has laid off 26 workers at its offices and warehouse in response to the economic downturn, a spokeswoman for the chain told SN....
Firm Sees Slow Recovery for Retailers
LOS ANGELES — The outlook for retailers in general looks bleak, with no recovery until 2010, and it may take a few more years for supermarkets to experience real growth, Lois Huff, senior vice president of Retail Forward, Columbus, Ohio, said at the consulting firm’s conference here yesterday. ...
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