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Supermarket/Grocery

  • Harris Teeter profit edges up in Q2, four stores and 10 remodels on tap

    Charlotte, N.C. -- Harris Teeter Supermarkets reported Thursday that net income for the quarter ended April 1 edged up to $30.3 million, from $29.9 million in the year-ago period.

    Sales climbed 6.7% in the period, to $1.12 billion from $1.05 billion. Same-store sales increased 3.9%.

  • Supervalu transitions EVP retail operations role to former Meijer executive

    MINNEAPOLIS — Pete Van Helden, EVP retail operations for Supervalu, will be leaving the company this spring. Taking his place will be Kevin Holt.

    "This was a mutually beneficial decision that comes at the right time for both Supervalu and Van Helden, as the company continues to implement its business transformation strategy and as Van Helden moves on to opportunities that will better utilize his strengths," the company stated in a release.

  • Moving the comps needle with meat sales

    Plenty of people shop Walmart’s stores for their groceries but go elsewhere to buy meat. Now the company is looking to convert a larger percentage of its more discriminating shoppers to purchasers of meat with a new quality-based initiative supported by an innovative shopper marketing strategy and a national ad campaign.

  • Whole Food Q2 profit surges 31%; on track to open 24 to 27 stores

    Austin, Texas -- In what it called the best quarter in its 32-year history, Whole Foods Market’s second-quarter profit jumped nearly 31% on stronger sales. The company raised its full-year outlook on the results.

    “Our exceptional results in the first half of the year have given us the confidence to significantly raise our guidance for the full year. We are confident that our sales momentum and operating disciplines will create continued positive results for our shareholders," Walter Robb, co-CEO said in a statement.

  • WMT CEO Duke to be honored by executive women

    After the pounding Walmart and its president and CEO Mike Duke have taken in recent weeks in the media over the alleged Mexican bribery and cover up scandal detailed by the New York Times, the company and its leader received some good news this week from the Network of Executive Women.

  • Warm weather helps Target deliver Q1 comps growth

    MINNEAPOLIS — April same-store sales at Target increased 1.1% and helped the company achieve a 5.3% first-quarter comps increase that was the highest in six years. How much of the performance was due to record warm weather versus good execution of a solid strategy against the back drop of an improved economy is debatable.

  • Spending slows at big retailers in April; Macy’s, Target, Kohl’s, Costco fall short of expectations

    New York -- Macy's Inc., Target Corp., Kohl’s, Saks and Costco’s Wholesale Corp. all reported results that fell short of expectations in April. An early Easter, which helped fuel March results, high gas prices, cool weather and renewed worries about the economy contributed to the decline, according to many analysts.

  • Insights into insights on tap next week

    Cindy Davis, Walmart’s EVP global customer insights and analytics, is set to headline the second annual SHOP conference next week presented by MARS Advertising and the Center for Retailing Excellence in the Sam M. Walton College of Business at the University of Arkansas.

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