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Supermarket/Grocery

  • Regency Centers breaks ground on $10 million retail renovation

    Jacksonville, Fla. -- Shopping center owner and developer Regency Centers said Monday that it has broken ground on a $10 million renovation of its Heritage Plaza, a 226,998-sq.-ft. retail center in Irvine, Calif.

    The renovation of the Ralph’s-anchored center is scheduled for completion in November 2011.

  • Diversity event draws some big names

    Target director of owned brands Annie Zipfel is among those slated to participate in the fourth annual Network of Executive Women Multicultural Work force conference to be held March 1 to 3. With a theme of “Building Competencies, Growing Business,” the event will focus on the advantages of developing culturally competent organizations.

  • Kohl’s leads retailers in EPA Green Power list

    Washington, D.C. -- Kohl’s Corp. ranked second on the U.S. Environmental Protection Agency’s Green Power Partnership’s latest ranking of the Top 50 partners using the most renewable electricity.

    Kohl’s joined the top-ranking Intel as the only two partners using more than 1 billion kWh of green power. The retailer increased its green power purchase to more than 1.4 billion kWh of green power annually.

  • 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%.

  • 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.

  • 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.

  • Target hopes PFresh, savings program will drive sales

    MINNEAPOLIS — Target said that although its comparable-store sales were below expectations in the South and Northeast, the company believes overall sales will be driven by two of its recent initiatives.

    Target chairman, president and CEO, Gregg Steinhafel, said that while the company "expects the economy to remain challenging, Target's PFresh remodel program and REDcard Rewards 5% savings program continue to operate in line with expectations."

  • 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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