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Large Chains

  • Stater Bros. profit decreases in fiscal Q1

    San Bernardino, Calif. -- Supermarket retailer Stater Bros. Holdings said Wednesday that net income for the quarter ended Dec. 26 dropped to $1.3 million, compared with net income of $6.7 million in the year-ago period. The prior year results included an after-tax gain of $4.7 million.

    Sales declined 2.3% to $899 million in the first quarter. Same-store sales also decreased 2.3%.

  • Supervalu continues foray into private-label beer biz

    MINNEAPOLIS — In the wake of Walgreens' Big Flats 1901 entry, Supervalu recently introduced its “high quality, low-price” private-label American lager Buck Range Light.

    Buck Range Light, which retails for about $5.99 for a 12-pack, will roll out in Supervalu banners nationwide, including Albertsons, Jewel-Osco, Cub Foods and more.

  • The Crossings at Four Corners redevelopment project breaks ground

    Smyrna, Ga. -- Westchester, Ill.-based Tri-Land Properties announced Tuesday that the redevelopment of The Crossings at Four Corners has launched in Smyrna, Ga.

    Eight acres of the project will be home to a 96,000-sq.-ft. Kroger, the company’s largest grocery store in the Atlanta market.

  • Greg Rayburn joins A&P's board

    MONTVALE, N.J. — Bankrupt grocer A&P has announced the election of Greg Rayburn to its board of directors, replacing Dr. Jens-Jürgen Böckel, who has resigned from the board.

  • KareFoot Spa & Bodywork opens at Plymouth Meeting Mall

    Plymouth Meeting, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that KareFoot Spa & Bodywork has opened at the company’s Plymouth Meeting Mall, located in Plymouth Meeting, Pa.

    The 2,827-sq.-ft. location is the retailer’s fifth in Greater Philadelphia.

  • Weis posts 2010 sales gain

    SUNBURY, Pa. — Weis Markets on Thursday reported an 8.7% increase in its fiscal-year 2010 net income to $68.3 million for the 52-week period ended Dec. 25, and said its earnings per share for the year increased 21 cents to $2.54 per share, compared with the same period a year ago.

    The central Pennsylvania grocer reported a sales increase of 4.1% for the year to $2.6 billion. Comparable-store sales were up 1%.

  • Spartan Stores' Q3 a mixed bag

    GRAND RAPIDS, Mich. — Net sales for Spartan Stores slightly declined nearly 0.6% to $782.3 million during the third quarter.

    During the quarter, which ended Jan. 1, Spartan also experienced a rise in operating earnings, which increased from $13.7 million in third quarter 2009 to $16.6 million. Third-quarter earnings from continuing operations improved 42% percent to $7.5 million, or 33 cents per diluted share, from $5.3 million, or 23 cents per diluted share.

  • The worst kept secret in retail

    BJ’s Wholesale Club this week formally announced that it planned to explore strategic alternatives and confirmed what had been speculated about in the market place for at least four years. The possible sale of BJ’s and its 189 clubs isn’t likely to have a meaningful impact on the marketplace and could potentially benefit the likes of Sam’s Club and Costco.

  • Ralphs pleads no contest to overcharging customers

    Los Angeles -- Ralphs Grocery Co. has pleaded no contest to overcharging customers for prepackaged and weighed products at stores in Los Angeles, according to a Thursday report by the Associated Press.

    The grocery chain entered pleas before the case was scheduled to go to trial. The no contest plea was entered for 62 misdemeanor charges, including false advertising, mislabeling and selling items that weigh less than they should.

    A sentencing date will be set Thursday.

  • Weis Markets profit rises 8.7% in 2010

    Sunbury, Pa. -- Weis Markets reported Thursday that net income for fiscal 2010 increased 8.7% to $68.3 million, compared with $62.8 million in the prior year.

    Sales for the year increased 4.1% to $2.6 billion. Same-store sales edged up 1.0%.

    Weis Markets currently operates 164 stores in its home state of Pennsylvania and in Maryland, New York, New Jersey and West Virginia.

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