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Supermarket/Grocery

  • Costco to make Louisiana debut

    New Orleans -- Costco Wholesale Corp. will enter the state of Louisiana with a 148,000-sq.-ft. store at Carrollton Plaza Shopping Center in New Orleans.

    The new lease, announced by center owner The Feil Organization, will add Costco to a lineup of retailers that includes CVS, Firestone, Family Dollar and Subway.

    Costco is slated to open spring 2013.

  • AAFES exchanges military commander for civilian CEO

    DALLAS — Three weeks after being named the first civilian director/CEO in the nearly 117-year history of the Army & Air Force Exchange Service, Tom Shull officially took the reins today of the $10-billion military retailer. Shull replaced the Exchange’s last uniformed Commander, Brig. Gen. Fran Hendricks.

  • Kroger net income rises in Q1, boosts outlook

    Cincinnati -- The Kroger Co. reported Thursday that net income in the first quarter rose to $439.4 million, from $432.3 million last year.

    The operator of namesake stores as well as Ralphs, Food 4 Less and others, also said it authorized a $1 billion share buyback.

    Sales during the period were $29.06 billion, up from $27.46 billion last year but missing Wall Street’s expected $29.16 billion. Same-store sales rose 4.2%, the grocer’s 34th straight quarter of growth.

  • Target CEO details initiatives at annual meeting; 230 remodels and 20 to 25 new stores on tap

    New York -- Canned peaches, criminal records and political contributions were among the shareholder concerns expressed at Target’s annual meeting on Wednesday afternoon.

  • Market Track: May 2012

    Overall, this month saw gain in flyer distribution as well as the size of flyer. The largest push of this month came from Walmart with more than 100% increase in flyer drops this month as compared to same month last year. Walmart dropped almost three flyers per market as compared to none in the second week of May this year. Also, a 26-page flyer was dropped in the first week as compared to 12-page flyer previous year.

  • Survey: Big-box closings drive up retail vacancy rate to 8.2% in northern New Jersey market

    Old Bridge, N.J. -- Driven by new big-box store closures, the vacancy rate in retail properties along northern New Jersey's six major shopping corridors edged up to 8.2% in April from 8.1% a year ago and 8.0% in 2010, according to R.J. Brunelli & Co.

  • Safeway adopts more efficient way to ship produce

    PLEASANTON, Calif. — Safeway has transitioned to using reusable product containers (RPCs), rather than corrugated boxes, to ship many types of produce from the farm fields, through the distribution channel and to final store destination. This transition eliminated the use of over 17 million pounds of corrugated boxes.

  • U.S. retail sales dropped 2% in May

    New York -- U.S. retail sales declined in April and May, pulled down by a sharp 2.2% drop in gas stations sales in both months, the Commerce Department said Wednesday.

    But excluding volatile gas station sales, retail sales increased only modestly in May and dipped in April.

    Total retail sales fell in April to $404.6 billion, slightly below March's record level of $406.2 billion and 21.6% higher than the recession low hit in March 2009.

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