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  • Survey: Food trips to nontraditional stores on rise

    New York City -- A survey released Thursday by consumer research firm AlixPartners found that 51% of consumers visit traditional supermarkets for their grocery shopping, while 30% shop mass merchants such as Walmart for groceries. Drug stores pull 5% of grocery shoppers, as do dollar stores.

  • Big Lots raises FY guidance on 2Q performance

    COLUMBUS, Ohio — Despite a comps dip during its second quarter, Big Lots performance was enough for the company to raise its fiscal 2011 guidance.

    Big Lots reported net income of $35.7 million, or 50 cents per diluted share, for the second quarter of fiscal 2011 ended July 30.  This compares with net income of $38.9 million, or 48 cents per diluted share, for the second quarter of fiscal 2010. 

  • Steve Jobs resigns as Apple CEO

    Cupertino, Calif. -- Apple announced late Wednesday that its CEO Steve Jobs has resigned his post, effectively immediately, to be succeeded by current COO Tim Cook.

    Jobs, the visionary whose contributions created the world’s most innovative technology company, is battling pancreatic cancer and has received a liver transplant. Concerns about his health led to his decision to resign.

  • Rue21 Q2 profit soars 20%

    Warrendale, Pa. -- Rue21 reported Wednesday that net income for the quarter ended July 30 rose 20% to $7.7 million, from $6.4 million a year earlier. Revenue surged 21% to $172.8 million, topping Wall Street expectations.

    Same-store sales for the period for flat, and the teen retailer said it faced dwindling inventory on summer merchandise, which it plans to remedy in the 2012 summer shopping season.

    During the second quarter, Rue21 opened 34 stores, closed one and converted 14 to the larger rue21 etc! format.
     

  • Fresh & Easy powers up REC solar panels at 11 stores

    Phoenix -- Fresh & Easy Neighborhood Market said Thursday it has turned on 11 rooftop solar installations in Phoenix and Los Angeles. The panels, installed by REC Solar, will provide 536 kW of power and supply 20% of each store’s energy needs.

  • Food trips to nontraditional stores — mass, dollar, drug — on rise

    NEW YORK — A recent consumer survey released by AlixPartners found that a little more than half of all consumers (51%) identify a traditional grocery retailer as their point of destination when making a grocery trip. Such mass merchants as Walmart are capturing 30% of those trips, and the continued emphasis on fresh in the drug channel has drawn 5% of those trips into the mainstream pharmacy.

    Dollar stores, another channel that has in the past few years made a significant push into food items, also draws 5% of all grocery trips.

  • Walmart aerobrushes up its beauty department

    NEW YORK  — Classified Cosmetics announced that it has launched a line of aerobrush products at select Walmart stores and Walmart.com.

    The Aero Minerale line at Walmart  includes a 5-in-1-makeup primer that preps the brows, lids, lashes, face and lips with a quick 2-second spray. According to the company, the Aero Minerale Hydrating Mineral Primer can also transform any powdered shadow into a dramatic, versatile cream.

  • Books-A-Million swings to loss

    Birmingham, Ala. -- Books-A-Million on Tuesday reported a second-quarter loss of $2.9 million, compared with a net income of $1.9 million in the year-ago period. The chain faulted lower sales as consumers move away from traditional books and pressure from the liquidation sales Borders Group is conducting.

    Revenue fell 11.4% to $106.4 million from $120 million last year. Same-store sales fell 12.9%.

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