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Supermarket/Grocery

  • Simon puts comps, other initiatives in perspective

    Walmart U.S. president and CEO Bill Simon was feeling pretty good earlier this week as he reeled off accomplishments and emerging opportunities during a presentation at a Goldman Sachs retail conference.

    Simon appeared at the same conference two years earlier when Walmart was in a very different place in terms of its financial performance and its share price. His presentation this year was markedly different given all that has occurred under his leadership.

  • Increased customer loyalty drives up Kroger Q2 performance

    CINCINNATI — Kroger attributed its gains in sales and earnings in the second quarter to cost control and increased customer loyalty and was confident enough to raise its earnings guidance.

    The retailer reported net earnings of $279.1 million, or 51 cents per diluted share, compared with net earnings of $280.8 million, or 46 cents per diluted share, for the same period last year.

  • Walgreens August sales down 4.5%; reports Q4, year-end sales

    DEERFIELD, Ill. — Walgreens reported August sales of $5.9 billion, a decrease of 4.5% as compared with the same month in fiscal 2011.

    August pharmacy sales decreased 7.2%, while comparable-store pharmacy sales decreased 12.4%. In addition to the Express Scripts impact, comparable-store pharmacy sales were negatively impacted by 7.9 percentage points due to generic drug introductions in the last 12 months. Pharmacy sales accounted for 64.1% of total sales for the month.

  • Kroger Q2 profit slips, but tops expectations

    Cincinnati -- The Kroger Co. reported a better-than-expected second quarter profit of $279.1 million, down from $280.8 million a year ago. The supermarket company raised its forecast for the full year, buoyed by its strong loyalty program and its ability to keep costs in line.

    Revenue, including fuel, rose 3.9% to $21.73 billion.

  • Supervalu to shutter 60 stores

    MINNEAPOLIS — Supervalu is closing approximately 60 stores as the company moves forward with its turnaround plans. The company will shutter 38 stores in its retail food reporting segment and 22 Save-A-Lot locations. The majority of the stores are expected to close before Dec. 1, the end of the company’s fiscal 2013 third quarter.

  • Safeway outlines three future growth platforms: Wellness, loyalty and fuel

    NEW YORK — Safeway will package $150 million in real healthcare savings into an overall wellness strategy to be implemented over the course of 2013, the grocer's chairman and CEO Steve Burd told analysts Thursday morning at the Goldman Sachs 19th Annual Global Retailing Conference.

  • Walton Foundation helps set the standard for sustainable seafood

    The Marine Stewardship Council received a nearly $11 million cash infusion from a trio of charitable foundations, including the Walton Family Foundation.

  • Walmart a leader for Latinas, according to magazine

    Walmart was ranked second on this year’s Latina Style 50 Report, the publication announced earlier this week.

    Now in its 15th year, the Latina Style 50 report seeks to identify companies that are providing the best career opportunities for Latinas in the U.S. Cable television operator Comcast was this year’s top ranked company.

  • Kroger details progress on energy conservation and waste reduction

    Cincinnati -- The Kroger Co. has saved more than 2.34 billion kilowatt hours of electricity, which equals 1.47 million metric tons of greenhouse gas emissions, in 2011, according to the chain’s sixth annual Sustainability Report.

  • Supervalu to close 60 underperforming stores

    Minneapolis -- Supervalu announced Wednesday it will close about 60 underperforming or nonstrategic stores in fiscal 2012. The closings include 22 Save-A-Lot locations, 27 Albertsons stores, four Acme stores and one previously announced Jewel-Osco.

    The majority of the stores are expected to close before Dec. 1, which marks the end of the company’s fiscal 2013 third quarter.

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