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Supermarket retailer turns in solid quarter
Publix Supermarkets’ sales and profit rose in the fourth quarter amid continued expansion. Publix’s net earnings for the fourth quarter rose 4.5% to $544.5 million, from $521.1 million in the year-ago period. Sales rose 11.1% to $9.1 billion. (The additional week in the fourth quarter of 2016 increased sales by 7.4%.) Same-store sales increased 2.2%. -
Survey: America’s favorite stores are…
A regional department store, a warehouse giant, a discount supermarket and an online powerhouse rank among the nation’s favorite retailers. That's according to the American Consumer Satisfaction Index, which rates consumers’ satisfaction across six retail industries. The report found that satisfaction with the overall retail trade rise 4.7% in 2016 to a score of 78.3 (on a 100-point scale) an all-time high for the sector.

