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Convenience Stores

  • Costco and TJX beat estimates in September

    NEW YORK — Costco Wholesale Corp. reported a better-than-expected 6% rise in September same-store sales, helped by higher gasoline prices and a stronger dollar. Excluding the impact of gasoline prices and foreign exchange, comparable September same-store sales rose 5%.

    Net sales rose 8% to $9.31 billion in the five weeks ended Sept. 30. Costco, which currently operates 608 warehouses, said it plans to open up to 14 new warehouses prior to the end of calendar year 2012.

  • Meijer extends fuel savings program through the holidays

    GRAND RAPIDS, Mich. — Meijer is extending its fuel savings program will continue through the holiday, providing Meijer credit card customers with a 10 cent per gallon discount on fuel during the busy travel season.

    The Grand Rapids, Mich.-based retailer's discount program is available at all 180 Meijer gas stations and will run through Jan. 5.

  • Tesco first half profit drops on high turnaround costs

    London -- British retailer Tesco reported Wednesday that profit dropped 6.8% in its first fiscal half to $2.06 billion, weighed down by costs associated with its turnaround strategy.

    Revenue for the period inched up 1.6% to $51.9 billion, but costs were up as well for the world’s third-largest retailer. Same-store sales fell off 0.7%.

    "The plan is a long course of treatment for us, not a single dose," new CEO Philip Clarke said of the turnaround plan.

  • Walgreens September sales down 7.8%

    DEERFIELD, Ill. — Walgreens on Wednesday posted a 7.8% decline in its September sales to nearly $5.5 billion, compared with $5.9 billion for the same month in fiscal 2012.

  • Walmart launches prepaid card reload program

    Bentonville, Ark. -- Wal-Mart Stores said Tuesday that it is launching a new service called Rapid Reload, which allows customers to load money onto prepaid cards.

    The service is affiliated with Green Dot Network, InComm's Vanilla Reload Network and First Data's Money Network.

    For a fee of $3.74, the program allows customers, effective immediately, to add money to their card at a store register.

  • Stop & Shop offers no-fee Coinstar gift card loading

    PURCHASE, N.Y. and QUINCY, Mass. — Coinstar, an operator of change collecting kiosks, announced that customers utilizing its service at all Stop & Shop stores, now have the option of placing the full value of their coins, without fees, onto a Stop & Shop gift card. In addition, customers also have the option to select a gift card from a variety of national retailers and e-retailers. The gift cards are immediately activated and can be used the same day.

  • Toys'R'Us gets in on holiday pricing game

    WAYNE, N.J. — Toys“R”Us has stepped up its efforts to be the destination for holiday shopping this season by offering a price match guarantee on all items available in its Toys“R”Us and Babies“R”Us stores nationwide. 

  • More retailers jump on the Merchant Customer Exchange bandwagon

    Dallas -- The Merchant Customer Exchange announced Tuesday that Bed Bath & Beyond, Dillard's, Dunkin’ Brands, Gap, Sheetz and Wakefern Food Corp. are among those joining the existing lineup of merchants who are committed to creating a seamless mobile-commerce solution.

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