Club & Warehouse

Costco profit rises 19% in Q3, on track to open stores this year
Issaquah, Wash. -- Costco Wholesale Corp. reported Thursday that net income for the quarter ended May 6 surged 19% to $386 million, from $324 million in the same period last year.

Revenue rose 8% to $22.3 billion from $20.6 billion, beating Wall Street’s expected $22.1 billion in revenue. Same-store sales increased 5%.

The company said it plans to open six additional warehouse clubs before the end of fiscal 2012.
Survey offers food for thought on Pfresh
Target may be investing in expanding its offering of fresh food under its PFresh remodeling initiative, but it has a long way to go before it is considered a top grocery destination, at least according to a survey from Market Force Information.

Survey ranks customers' favorite grocery shopping destinations

Boulder, Colo. — Giant-Landover and ShopRite are shoppers' two favorite supermarkets, according to results of a survey released Tuesday.
Sam's Club invests big in small business

Washington, D.C. — Sam's Club has pledged more than $2 million in donations to nonprofits supporting small business growth. The announcement was made by Sam's Club president and CEO Rosalind Brewer.

"At Sam’s Club our small business owners are our partners, and we want to put our money where our mission is — which is to be agents for and support our members and the small business community," said Brewer, addressing guests at the Dream Big Small Business of the Year awards luncheon at the Shoreham Hotel.
Sam's Club fires up partnership with pitmaster Troy Black

BENTONVILLE, Ark. — Sam's Club has invited pitmaster and cookbook author Troy Black to show families how to create the perfect Memorial Day meal. Black will star in a series of grilling demonstration videos that can be viewed on the SamsClub.com/meals "Tips & Videos" tab. The site also features photos and printable recipes on the "Easy Recipes" tab.
Hefner out, Redfield in as Sam’s Club new head merchant

Sam Club president and CEO Ros Brewer on Thursday named Charles Redfield as Sam’s newest EVP merchandising to replace Linda Hefner who will relocate to Chicago, according to an internal announcement.
Uno's gets a slice of Sam's Club Mexico shoppers

Sam's Club shoppers in Mexico who have a hankering for deep dish pizza will soon be able to satisfy their craving thanks to a new deal with Uno Foods and Sam's Club. Uno's deep dish pizza, artisan thin crust varieties and other items will be distributed at Sam's Clubs throughout Mexico.
Wal-Mart beats Street as profit jumps on strong sales

Bentonville, Ark. -- Wal-Mart Stores Inc. reported a better-than-expected 9.2% increase in first-quarter profit on increased sales in the United States and a strong performance abroad.

Wal-Mart earned $3.74 billion in the quarter ended April 30, 2012, up from $3.39 billion period.
Walmart Q1 comps gain 2.6%

BENTONVILLE, Ark. -- First quarter profits at Walmart exceeded analysts’ estimates as same-store sales increased 2.6% and the company said it strategy of low prices on a broad merchandise assortment is resonating again with shoppers.
DLC, Hutensky acquire Walmart Plaza

Derby, Conn. -- DLC Management Corp. and Hutensky Capital Partners have announced a joint-venture acquisition of Walmart Plaza, a 199,393-sq.-ft. shopping center in Derby, Conn.

Anchored by Walmart, Adams Hometown Market and CVS, the center adds to DLC’s Connecticut holdings of nine shopping centers and 1.4 million sq. ft.

Costco profit rises 19% in Q3, on track to open stores this year

Survey offers food for thought on Pfresh

Survey ranks customers' favorite grocery shopping destinations

Sam's Club invests big in small business

Sam's Club fires up partnership with pitmaster Troy Black

Hefner out, Redfield in as Sam’s Club new head merchant

Uno's gets a slice of Sam's Club Mexico shoppers

Wal-Mart beats Street as profit jumps on strong sales

Walmart Q1 comps gain 2.6%

DLC, Hutensky acquire Walmart Plaza