Finance & Capital Management

Lakeland, Fla. -- Publix Super Markets is racking up another record year even as other grocers, including Whole Foods Market, are struggling under the weight of new competition.

Publix reports that sales for the second quarter were $8 billion, a 6% increase from last year’s $7.5 billion. Same store sales for the second quarter increased 4.1%.

Net earnings were $482.7 million, compared to $404.1 million in 2014, an increase of 19.5%.

While Whole Foods and other food retailers struggle against increasingly stiff competition, Publix seems to be answering potential threats to its business with ease, if the company's second quarter results are any indication.

Asheville, N.C. – Profit stayed essentially flat at Ingles Markets Inc. for the third quarter of fiscal 2015. Ingles reported net income of $13.78 million, compared to $13.83 million the same quarter the prior fiscal year.

Lower interest and income tax expenses helped Ingles keep profits steady in the face of net sales declining 3% to $945.97 million, from $978.26 million. Declining gasoline prices negatively impacted sales.

New York -- Friends of Howard Schultz, the outspoken and politically progressive founder and CEO of Starbucks, are urging him to enter the Democratic race for President, according to a report by Fortune.

To read the full story, click here.
 

Sears Holdings keeps finding new ways to generate cash and gain financial flexibility, but selling merchandise is not among them.

Camp Hill, Pa. -- Ken Martindale, one of the key architects behind Rite Aid's recent growth, on Monday was promoted to the new position of CEO Rite Aid stores.

The move is designed to enable Rite Aid chairman and CEO John Standley to focus on expanding the role the drug store plays in healthcare delivery with its EnvisionRx, RediClinic and Health Dialog divisions.
 
Martindale, 55, will continue to report to Standley and will retain his role as president of Rite Aid.
 

Cincinnati – A redesign has upped the customer experience and increased sales at casual-dining chain Pollo Tropical.

The 120-plus-unit, Caribbean-themed casual-dining chain, part of Fiesta Restaurant Group, recently underwent a store redesign as part of a national growth strategy and repositioning, with the efforts led by FRCH Design Worldwide.

Marshfield, Mass. -- Brixmor Property Group has acquired Webster Square, an 182,756-sq.-ft., grocery-anchored community center located on Boston’s South Shore. Cushman & Wakefield oversaw the transaction of the Star Market-anchored community shopping center on behalf of Curtis Management.