Finance & Capital Management

AMSTERDAM, The Netherlands -- Ahold reported that net sales for its U.S. division increased 6% to $5.6 billion for the fourth quarter. Identical-store sales for the quarter increased 1.9%(0.9% excluding gasoline), and comparable sales were up 2.1%.

For the full year the company reported net sales of $23.5 billion increased b y  5.1% when compared to the adjusted full year 2009 sales. Identical sales were up 1.5% (0.4% excluding gasoline).

New York City -- The real estate recovery is well under way, though not without some bumps, workout specialist Dennis P. Yeskey recently told a gathering of more 100 real estate professionals at the "Industry Spotlight: Finance -- Global Trends in the 2011 Real Estate Capital Markets" discussion sponsored by NYCREW, the New York area chapter of the Commercial Real Estate Women network.

CUPERTINO, Calif. -- Apple announced that for its first quarter ended Dec. 25, 2010, it posted record revenue of $26.74 billion and record net quarterly profit of $6 billion, or $6.43 per diluted share. These results compare to revenue of $15.68 billion and net quarterly profit of $3.38 billion, or $3.67 per diluted share, in the year-ago quarter. 

Minneapolis -- Target Corp. said that it has promoted Tony Fisher to president of Target Canada as the retailer prepares to open its first stores in the country. He will be responsible for building the team, establishing the headquarters and leading the day-to-day operations of the corporation's recently announced expansion into Canada.

The chain tapped an 11-year employee to lead its Canadian business. Last week, Target announced it bought 220 Zeller's leaseholds and it plans to open between 100 and 150 Target stores in Canada beginning in 2013.

Woonsocket, R.I. -- CVS Caremark Corp. said Tuesday it is resuming its search for a new president of its pharmacy operations in view of Wal-Mart Stores’ lawsuit to block its previous choice.

Durham, N.C. -- Denny’s Corp. has chosen LED lights from Cree as the preferred lighting standard for all its new and remodeled stores across the United States. Cree’s six-inch downlights are being specified in various applications, including dining areas and restrooms.

Woonsocket, R.I. -- CVS Caremark said Tuesday that it has appointed its two highest ranking retail executives to jointly lead the company’s CVS/pharmacy business, effectively immediately.

Mike Bloom, executive VP merchandising and supply chain, and Scott Baker, executive VP internal operations and real estate, will jointly manage the chain’s retail business until CVS completes its search for a new president.

MINNEAPOLIS -- Target announced that Tony Fisher has been named president of Target Canada.  In this position, Fisher will be responsible for building the team, establishing the headquarters and leading the day-to-day operations of the corporation's recently announced expansion into Canada, the company reported.