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Report: Amazon to offer private label grocery products
Seattle – Amazon.com reportedly plans to launch a line of private label grocery products. According to the Wall Street Journal, Amazon will add items such as milk, cereal, baby food and household cleaners to its Elements private label brand.
Currently, Amazon Prime members can purchase Elements baby wipes, and the retailer previously sold Elements diapers, as well. Amazon has recently applied for trademark protection for about two dozen Elements-branded products including coffee, soup, pasta, water, vitamins, dog food and razors.
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Fred’s beats Street on loss, misses on sales
Memphis, Tenn. – Fred’s Inc. beat Wall Street expectations for profit despite swinging to a net loss of $29,000 in the first quarter of fiscal 2015 from net income of $6.1 million in the same period the prior year. The retailer missed on net income of $509 million, up 2% from $498.3 million.
Higher salary and benefit costs helped move Fred’s into the red. Same-store sales climbed 0.8%.
Jerry A. Shore, CEO, said pharmacy is a critical component of Fred’s strategy for profitability moving forward.

