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Retail

  • Moody’s: Holiday sales to be lackluster, with online sales a bright spot

    New York City -- Holiday sales growth will lag behind last year’s robust gains as consumers hold back in an uncertain economy. The roughly 3% growth will be driven by high prices due to inflation, rather than any increase in demand, according to a new report by Moody's Investors Service.

  • Giant Eagle looks to its own for CEO, president positions

    PITTSBURGH — Giant Eagle has named Laura Shapira Karet CEO and John Lucot president and COO. Both appointments are effective Jan. 9, 2012. 

    Karet, 42, is taking over the position from her father David Shapira, who will assume the position of executive chairman of Giant Eagle's board of directors. Shapira has served as CEO 1980.

  • Saks announces iPad app

    New York City -- Saks Fifth Avenue announced the availability of its shopping application for the iPad. The free app, available worldwide from the Apple App Store, is an entirely shoppable app, and customers can create wishlists that can be shared through email, Facebook, and/or Twitter.

  • Revenue, comps rise for Delhaize America in Q3

    SALISBURY, N.C. — Network growth and higher retail inflation prompted growth in both revenues and comparable-store sales for Delhaize America, the U.S. division of Delhaize Group, for the third quarter ended Sept. 30.

    Revenues realized a gain of 3.5% to $4.9 billion, compared with the year-ago period, while comparable-store sales jumped 1.9%. Delhaize, however, acknowledged that due to the economic environment and the decrease of consumer confidence, particularly in the southeastern United States, volume trends were down from the previous quarter.

  • Daffy’s opens in Times Square

    New York City -- Off-price retailer Daffy's on Wednesday is opening a nineteenth location, in New York City’s Times Square.

    The new 17,000-sq.-ft. store, located at 218 West 44th Street in the former New York Times building.

  • Profits exceed estimates at Target

    MINNEAPOLIS — Profits at Target grew 10.2% to 82 cents in the third quarter compared with 74 cents the prior year thanks to healthy sales growth and ongoing improvement in the company’s credit card business. 

  • Waste Management and Publix open composting center in Florida

    New York City -- Waste Management and Publix Super Markets announced the opening of the Okeechobee Organics Recycling Facility, which uses advanced aerated composting technology to process food residuals.

    The eight-acre facility, located adjacent to Waste Management’s Okeechobee Landfill, utilizes a forced aeration system with computer controls to regulate airflow and air treatment to process pre-consumer food waste from Publix stores -- including produce, bakery and floral items -- with yard waste into organic compost products.

  • Comps up, income down at Saks

    NEW YORK — Despite a significant decrease in net income, Saks delivered sales growth as it continues to improve its operating performance. Saks Inc. reported net income for the third quarter of $17.8 million, or 11 cents per diluted share, compared with net income of $36.3 million, or 20 cents per diluted share. 

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