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Ace Hardware has mixed results in third quarter
Ace Hardware reported somewhat mixed results for its third quarter with 8.9% growth in revenues compared to 2012, and profits that were essentially flat compared to the prior year quarter.
The hardware cooperative netted $1 billion in revenues for the quarter, an increase of $84.4 million over the same quarter in 2012.
Meanwhile, net income came in at $34.4 million, little changed since 2012's figure of $34.3 million.
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Food Lion announces upgrades in 169 stores
Salisbury, N.C. -- Food Lion announced that it has made significant investments in 169 stores in North Carolina and South Carolina and created 500 new jobs. Key markets include Greenville, N.C., Wilmington, N.C., Columbia, S.C., Charleston, S.C., and Myrtle Beach, S.C.
To celebrate the launch, Food Lion is holding grand re-opening festivities at the 169 stores, including providing the first 50 customers at each location with a bag of free groceries Nov. 13 through Nov. 16.