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Consumer confidence climbs for third consecutive week
Washington, D.C. -- A report released Thursday by Bloomberg said that consumer confidence rose for a third straight week, indicating an improving job market and more positive attitudes about finances and the economy.
The Bloomberg Consumer Comfort Index climbed to minus 43 in the period to April 10, the best showing since the end of February, following a minus 44.5 reading the prior week. -
Supervalu Q4 profit beats Street, will remodel 55 to 75 units in 2011
Minneapolis -- Supervalu reported Thursday that net income for the quarter ended Feb. 26 slipped 2% to $95 million, compared with $97 million in the year-ago period, but results still beat Wall Street expectations.
Performance was impacted by softer sales, which dropped 6% to $8.66 billion, missing Wall Street's estimate of $8.73 billion. Same-store sales fell 5%.
Supervalu, which operates Albertsons, Jewel-Osco and Save-A-Lot chains, launched a turnaround plan more than a year ago.