Skip to main content

Large Chains

  • Stop & Shop donated more than $22 million in 2011

    New York — Stop & Shop announced that its New England and New York Metro divisions and its customers were able to give back more than $22 million in 2011 into the hundreds of communities in which they operate.

  • Woolworths in South Africa selects JDA solutions

    New York City -- JDA Software Group announced that Woolworths, South Africa’s leading and most respected retail chain, selected a number of JDA solutions in fourth quarter 2011.

  • Kroger swings to loss on union costs

    CINCINNATI — Kroger posted a loss in the quarter ended Jan. 28, attributing the loss to costs associated with consolidating its pension plan for union workers.

    The grocer, which counts among its banners Kroger, Ralphs and Food 4 Less, lost $306.9 million in the quarter, compared with a profit of $278.8 million in the year-ago period.

    Total sales in the quarter rose 7.7% to $21.4 billion. Excluding fuel, sales rose 5%. Same-store sales increased 4.9%.

  • Regency Centers announces ground-up development in Houston

    Jacksonville, Fla. -- Shopping center owner Regency Centers said Thursday that it has launched construction on Southpark at Cinco Ranch, a 260,000-sq.-ft. neighborhood center anchored by Kroger, in Fort Bend County, Houston.

    In partnership with Excel Commercial Real Estate, Regency Centers began construction of the center’s first phase on Feb. 20, with anchor openings scheduled for fourth quarter 2012.

  • Kroger swings to loss in Q4

    Cincinnati -- The Kroger Co. reported on Thursday that it posted a loss in the quarter ended Jan. 28, attributing the loss to costs associated with consolidating its pension plan for union workers.

    The grocer, which counts among its banners Kroger, Ralphs and Food 4 Less, lost $306.9 million in the quarter, compared with a profit of $278.8 million in the year-ago period.

    Total sales in the quarter rose 7.7% to $21.4 billion. Excluding fuel, sales rose 5%. Same-store sales increased 4.9%.

  • Wal-Mart boosts annual dividend 9%

    Bentonville, Ark. -- Wal-Mart Stores Inc. said Thursday it is continuing its annual tradition of increasing shareholder payout by raising its dividend by 9%.

    Wal-Mart will pay a quarterly dividend of 39.75 cents on April 4 to shareholders of record on March 12. That works out to $1.59 per share for the year. The company has increased its dividend every year since its first declared dividend in March 1974.

    According to Wal-Mart president and CEO Mike Duke, the company's U.S. business is back on track, and international results remain strong.

  • Costco profit up in Q2

    ISSAQUAH, Wash. — Costco is off to a good start in 2012, with high increases in second-quarter sales and earnings.

    The company reported that net sales for the second quarter of fiscal 2012 increased 10% to $22.51 billion, from $20.45 billion last year. Total comparable-store sales for the quarter increased 8%, consisting of an 8% increase at both U.S. and international clubs. Excluding the impact of fuel, comparable-store sales were up 7%, consisting of a 7% increase at U.S. clubs and a 10% increase at international clubs.

  • Costco Q2 profit rises on cheap gasoline

    New York City -- Costco Wholesale Corp. posted a bigger-than-expected rise in quarterly profit on Wednesday. Rising gasoline prices had a positive impact on sales at Costco, which prices its fuel below nearby stations.

    Net income in the quarter ended Feb. 12 rose 13% to $394 million, from $348 million a year earlier.

    Sales rose 10% to $22.51 billion. Same-store sales rose 8%, better than analysts had expected. 

  • End of bankruptcy in sight for A&P

    NEW YORK — After more than a year since it first filed Chapter 11, A&P has won approval to exit bankruptcy. The company announced that the U.S. Bankruptcy Court in White Plains, N.Y., has approved its reorganization plan, which includes $490 million in debt and equity financing from Ron Burkle's Yucaipa Cos. 

  • Bottom Dollar to open eight more stores in New Jersey

    Salisbury, N.C. -- Bottom Dollar Food announced plans to open eight additional stores in New Jersey. The expansion will more than double the number of Bottom Dollar Food stores in the Garden State, with the first two stores opening March 2.

    "We have been pleased with customer reaction to our current five stores in New Jersey and we are very excited to continue serving customers at our additional locations in the market," said Bottom Dollar Food president Meg Ham.

X
This ad will auto-close in 10 seconds