Supermarket/Grocery

New York -- TJX Cos., The Buckle and Zumiez all reported better-than-expected same-store sales for April, even as concerns about the job market bit into other retailers’ results.
   
TJX Cos. said that same-store sales in April were up 8% on strong customer traffic, better than 6.8% increase that analysts had expected. For the four weeks ended May 4, total revenue rose 9% to $2 billion.
   

GRAND RAPIDS, Mich. — Meijer is marking a special milestone Thursday, May 16, when it opens its 200th store in Swartz Creek, Mich. The store opening will create more than 200 jobs for the community. 

To celebrate the event, the family-owned retailer will hold a ribbon-cutting ceremony at 10 a.m. at the store, located at 4141 Morrish Rd. Meijer officials will be on hand, and the retailer will make presentations to the Swartz Creek Food Bank and the Swartz Creek Civic Center enhancement project.

Toronto -- Canadian Tire Corp. plans to spin off most of its real estate assets into a C$3.5 billion (approximately U.S. $3.49 billion) real estate investment trust, with an initial public offering expected later this year. The proposed new REIT would acquire a majority of the company's owned real estate, including approximately 250 properties comprised largely of Canadian Tire Retail stores, Canadian Tire anchored retail developments and one distribution center.  

Bentonville, Ark. — Walmart and its philanthropic arm, the Walmart Foundation, were busy working alongside notable food companies in April, as part of the corporation’s Fighting Hunger Together Initiative. 

Between April 1 and April 30, more than 443,000 votes were cast for the more than 300 eligible Feeding America food banks and partner agencies as part of the campaign, which fights hunger in local communities. 

By Nicholas J. Percoco, Trustwave

Recently, National Security Agency Director Gen. Keith Alexander told Congress that he would be establishing teams for a new cyber command unit. Gen. Alexander said the DoD would use the cyber teams for offensive measures only. This is sure to be the start of a long and interesting hearings on Capitol Hill, but businesses do not, and should not, have to wait before they start to protect themselves from cyber criminals.

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CINCINNATI, Ohio — KSS Retail, a global provider of price optimization and shopper insight solutions for the grocery, convenience, chain drug, general and online retail industries, has launched a new product that will enable businesses to efficiently harness data for more accurate forcasting.

Called PriceStrat Analyzer, the advanced business intelligence solution is designed to help the retail industry identify trends and exceptions so they can make faster, more accurate decisions about pricing and promotions. 

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