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The future of food
Picture this setting. The neatly manicured grounds of the spectacular Broadmoor resort are underfoot, the Rocky Mountains are in the background, and the sky above Colorado Springs is a crisp blue. Hundreds of dark-suited senior executives are milling about an early evening reception, sipping wine as white-gloved waiters offer curious looking hors d'oeuvres.
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Comp sales acceleration may be ending at Sam’s
Sam’s Club run of six consecutive quarters of accelerating same-store sales growth will come to an end in the third quarter unless the warehouse club operator exceeds guidance provided earlier this week after reporting a 5% second-quarter comp increase.
Even though Sam’s president and CEO Brian Cornell noted that momentum remains strong, he added that “it’s important to remember that it was in the third quarter last year that our comp performance began to accelerate, so our comparisons for the back half will be more challenging.”