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Retail

  • Safeway Q2 net income and sales decline

    Pleasanton, Calif. – Safeway reported a substantial decline in net income for the second quarter of fiscal 2013 as well as a drop in sales. Adjusted net income for the quarter was $8.4 million, compared to $122.7 million in the same quarter a year earlier. However, after adjusting for various legal expenses and loss from discontinued operations, net income for the quarter would have been $125.1 million.

  • 99 Cents Only opens new stores

    City of Commerce, Calif. – 99 Cents Only Stores is opening new stores in Santa Fe Springs, Calif. and Kingman, Ariz. on July 25. Both will be the first 99 Cents Only stores in those municipalities.

    The retailer will be offering special 99-cent deals on items such as flat-screen TVs and scooters to the first customers in line on opening day.

     

  • Books-A-Million to install Espresso Book Machines in-store

    Birmingham, Ala. -- Books-A-Million has teamed with On Demand Books to put Espresso Book Machines in BAM’s Portland, Maine, store; a second store is slated for installation at a later date.

  • First Field & Stream specialty store to open Aug. 16

    Cranberry Township, Pa. -- The Dick’s Sporting Goods new Field & Stream specialty concept will make its debut next month at 1000 Cranberry Square Drive in Cranberry Township, Pa., near Dick’s headquarters in Pittsburgh.

  • Study: Millennials opt for Walmart over Amazon

    Kansas City -- A new study of the millennial generation shows that many 25- to 34-year-old shoppers change their purchasing habits and behaviors after they start their families.

  • NRF to Congress: Delay Affordable Care Act employer mandate

    Washington, D.C. -- The National Retail Federation penned a letter to Speaker of the House John Boehner and Minority Leader Nancy Pelosi, asking Congress to pass a one-year delay of the Affordable Care Act’s employer mandate.  

    The impending House vote follows the Administration’s announcement earlier this month of a one-year delay of the employer mandate provisions.

  • CVS reveals via Facebook it won’t sell Boston Bomber edition of Rolling Stone

    New York -- Forbes reported that CVS has opted not to sell the latest edition of Rolling Stone magazine, which features a photo of “Boston Bomber” Dzhokhar Tsarnaev on its cover.

  • Staples, Best Buy, Office Depot score highest on recycling report card

    San Francisco -- Although most of the 16 electronics retailers scored by the Electronics TakeBack Coalition received an “F” grade, three companies – Staples, Best Buy and Office Depot – were deemed to have effective recycling programs.

    More than half of the retailers failed the Coalition’s assessment, including Walmart, Amazon, Costco, Sam’s Club and Sears.

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