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Natural Grocers by Vitamin Cottage has strong Q1; plans 15 new stores
Lakewood, Colo. -- Natural Grocers by Vitamin Cottage, Inc. had a strong first quarter of fiscal 2014, reporting increases in both net income and net sales. Net income rose 31.6% to $2.9 million from about $2.2 million and net sales grew 25.8% to $120.6 million from $95.8 million.
A $14.6 million increase in sales from new stores and a 10.6%, increase in same-store sales drove Natural Grocers’ net sales growth. Looking ahead, the company plans to open a total 15 stores in fiscal year 2014 and expects to remodel two existing stores.
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Study: Wal-Mart supercenters benefit California communities
Sacramento, Calif. – Wal-Mart supercenters in California benefit communities by supporting additional job creation, small business growth and more robust sales tax revenues. According to a new economic impact report conducted by economist Lon Hatamiya of the Hatamiya Group, on average, California communities with Wal-Mart supercenters fared far better on taxable retail sales than those communities without Wal-Mart supercenters.