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Supermarket/Grocery

  • Harris Teeter and Lowe’s in store swap

    Charlotte, N.C. -- Harris Teeter Supermarkets entered into an agreement with Lowe’s Food Stores whereby Harris Teeter will acquire 10 Lowes locations in the central Carolinas region and Lowes Foods acquiring six Harris Teeter store locations in western North Carolina.

    In addition to the six Harris Teeter stores, Harris Teeter has agreed to pay Lowes Foods $26.5 million. The transaction is expected to be completed in the company’s third quarter of fiscal 2012, which ends July 1, 2012.

  • Hy-Vee executive newest GMA hall of fame inductee

    Ric Jurgens spent the past 43 years working for and building Hy-Vee into a strong regional chain and later this summer his accomplishments will be acknowledged by the Grocery Manufacturers Association when he receives the organization’s Hall of Achievement Award.

  • Target beats, Costco disappoints in the discount sector

    New York -- Target and TJX Cos. both reported better-than-expected results in May, with a 4.4% and an 8% increase in same-store sales, respectively. Wall Street expected Target same-store sales to be up 3.5% in May and forecasted TJX sales to rise 5.3%.

  • Comps momentum continues at TGT

    MINNEAPOLIS — Target reported a 4.4% increase in May same-store sales that was toward the upper end of a guidance range that called for a low-to-mid single-digit increase.

  • Costco’s May comps increase 5%

    Same-store sales at Costco’s U.S. stores increased 5% during the four week period ended May 27.

  • Cuhaci & Peterson selected to design four Aldi Supermarkets

    Orlando, Fla. -- Cuhaci & Peterson Architects said Wednesday it has been awarded a contract to design four Aldi Supermarkets in located in North and South Carolina and Florida.

    Each of the supermarket facilities will total 18,000 sq. ft. of retail space and are located in Salisbury and Indian Trails, N.C., in Columbia, S.C., and in southwest Orlando, Fla., near Disney World.

     

  • Growth retailer Rue21 expands board

    Yankee Candle Company president and CEO Harlan Kent is the newest member of the specialty apparel retailer Rue21’s board of directors.

    Rue21 is a rapidly expanding specialty apparel retailer that currently operates 810 stores in 46 states

  • Publix opening completes Boynton Lakes Plaza redevelopment

    Boynton Beach, Fla. -- Jacksonville, Fla.-based shopping center owner Regency Centers said it has completed the redevelopment of Boynton Lakes Plaza, a 117,124-sq.-ft. neighborhood center in Boynton Beach, Fla., which included the addition of a 45,000-sq.-ft. Publix.

    The new grocery anchor relocated from an undersized store in a nearby center and is slated to open on June 9.

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