-
HHGregg 4Q profit surges 46%, slows new store growth
Indianapolis — Electronics and appliances retailer hhgregg Inc. said Thursday that its profit leaped 46% in its fiscal 4Q, to $14.6 million from $10 million in the year-ago period. However, same-store sales tumbled nearly 11% in the company, and the company said it will slow the pace at which it opens new stores in the next fiscal year. Previously, it expected to open 35 to 45 stores in the next year, but now cut the upper range to 40 stores.
-
Jim’s Market to open at Doddway Center
St. Paul, Minn. — Paster Enterprises announced that grocer Jim’s Market will open a 24,800-sq.-ft. location at Doddway Center, located in St. Paul.
The new Jim’s Market will be the fourth location in the St. Paul area, and will take the place of current anchor tenant, R.C. Dick’s Foods. Jim’s Market will make significant renovations to the property during the coming months, including new flooring, an updated front entrance and upgrades to the deli section, frozen foods department and meat counter.