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Convenience Stores

  • Starbucks Q4 profit soars 29%, same-store sales up 9%

    Seattle -- Starbucks Corp.’s fiscal fourth-quarter profit jumped nearly 29%, beating Wall Street estimates on strong sales around the globe. The company earned $358.5 million in the quarter, up from $278.9 million last year. Revenue rose 7% to $3 billion, with some benefit from foreign exchange rates. Same-store sales increased 9%, with a 10% rise in the United States.

  • CVS Caremark profits driven by pharmacy benefit management performance

    WOONSOCKET, R.I. — CVS Caremark on Thursday reported solid third-quarter results — 2 cents above the high end of its guidance range — driven in large part by been tter-than-expected performance in its pharmacy benefit management, which is in the midst of a profit-improvement plan.

  • SpendingPulse: Overall sales momentum continues, but category strength shifts

    Purchase, N.Y. -- October’s unusual weather patterns — an unseasonably warm first half of the month and a snow storm on the last Saturday of the month — may have pushed some spending into November, according to MasterCard Advisors SpendingPulse, a macroeconomic report tracking national retail and service sales across all payment forms including cash and check.

  • Costco results offer insight into other warehouse-club retailers

    ISSAQUAH, Wash. — With BJ's no longer reporting monthly sales, Costco is the only warehouse-club retailer left to give some insight regarding how Sam's Club performs on monthly basis. With Costco delivering positive comps for the month, it is safe to assume that Sam's and BJ's have garnered their fair share of the market.

  • Sears Holdings enters the future of shopping with mobile walls

    HOFFMAN ESTATES, Ill.  — Sears Holdings has entered the future of staying connected to consumers introducing mobile shopping walls in high-traffic areas.

  • Harris Teeter, Cardtronics team to roll out ATMs chainwide

    Houston -- ATM owner Cardtronics said Wednesday it has signed an agreement to provide ATM services to grocer Harris Teeter.

    As part of the agreement, Cardtronics has initially installed 100 ATMs for Harris Teeter in Florida, Maryland, North Carolina, South Carolina, Tennessee and Virginia. Additionally, the agreement provides Cardtronics the exclusive right to install ATMs in new Harris Teeter stores, as well as to transition all existing non-bank branch cash machines at Harris Teeter stores to Cardtronics' ATMs, over time.
     

  • Winn-Dixie narrows loss in Q1

    Jacksonville, Fla. -- Winn-Dixie Stores reported Monday a loss of $24.1 million in the fiscal first quarter, compared with a loss of $76.8 million in the year-ago period.

    Revenue rose 3.1% to $1.59 billion, from $1.54 billion last year, helped by success from its gas-related reward program. Sales just missed Wall Street’s expected $1.6 billion in revenue.

    Same-store sales rose 3.3%. During the quarter, the company opened two additional transformational remodeled stores that Winn-Dixie continues to monitor for additional roll-out.

  • Pet Supplies “Plus” names real estate exec

    Farmington Hills, Mich. -- Pet Supplies “Plus” said Tuesday that Donna Capichano Simmons has joined the company as senior VP real estate.

    Capichano Simmons, who was previously VP real estate development for Kohl’s, is charged with refining and implementing PSP’s real estate growth strategy.
     

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