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Aldi accelerating expansion with Bottom Dollar
Aldi's pace of growth is about to quicken now that its acquisition of Delhaize Group's Bottom Dollar Food store locations is complete.
The retailer announced it has completed its purchase of 66 real estate assets from the Delhaize Group. The transaction includes the land, buildings and leasehold improvements associated with Delhaize's recently retired Bottom Dollar Food operation.
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Finish Line Q4 profit falls; announces new buyback plan
Indianapolis -- The Finish Line Inc. on Friday reported a decline in its fourth-quarter profit and cautioned that profits in its current year may not hit expectations of a fiscal fourth-quarter net income of $40.8 million.
The retailer also authorized a new 5-million-share buyback program.
The Finish Line’s earnings in the fourth quarter fell 5% to $40.8 million.
Consolidated net sales for the quarter were $551.3 million, an increase of 6.3% over the prior year period. Same-store sales increased 2.6%.