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  • Costco sales get boost in July

    Costco saw a boost in net sales and same-store sales during the month of July.

    Net sales totaled $8.55 billion for the four weeks ended Aug. 3, an increase of 9% from $7.87 billion during the similar four-week period last year.

    Same-store sales increased 5%, while U.S. same-store sales also increased 5% during the period.

    For the 48 weeks ended Aug. 3 net sales were $101.43 billion, an increase of 7%. During the 48 weeks, same-store sales increased 4%. In the United States, same-store sales rose 5%.

  • Lids acquires Nashville Sporting Group

    Indianapolis - Lids Sports Group has acquired wholesale team sports company Nashville Sporting Goods and its production affiliate National Team Embellishment, both headquartered in Nashville, Tennessee. The purchase includes Nashville Sporting Goods.

  • Eight Steps to Reduce “Hidden” Transportation Costs and Increase Profits

    Nicholas Isasi, Executive Vice President, DM Transportation

    As the economy continues to slowly recover, retailers, more than ever, are looking to maximize revenues while controlling costs. Increasingly, many company CFOs and logistics managers are examining an often-overlooked expense that is costing them, in many cases, tens to hundreds of thousands of dollars per year: inbound transportation costs.

  • Walgreens keeping headquarters in U.S.; acquires remainder of Alliance Boots

    Deerfield, Ill. — Walgreens on Wednesday said it has exercised its option to buy the remaining 55% of European pharmacy retailer and wholesaler Alliance Boots in a $15.26 billion deal that will keep the drug store chain's corporate tax headquarters in the United States. Walgreens said it is not in the best long-term interest of its shareholders to re-domicile outside the United States.

  • Bendon paints brighter future with upmarket deal

    Juvenile products manufacturer Bendon, Inc., has entered the premium craft market following a recent acquisition that also creates the potential for expanded distribution.

  • Lids grows footprint with acquisition

    Genesco’s Lids division acquired wholesale team sports company Nashville Sporting Goods and its production affiliate National Team Embellishment, both headquartered in Nashville, Tenn.

  • Overstock.com offers free shipment of used goods to charity

    Salt Lake City - Overstock.com Inc. is launching a partnership with Give Back Box, a non-profit organization dedicated to facilitate charitable donations. Through the partnership, Overstock.com gives customers the ability to re-use the box in which their order arrived, along with Give Back Box's free shipping label, to ship used household items directly to non-profit organizations across the U.S.

  • Oscar Mayer introduces bacon jerky

    If you’ve ever wished you could have bacon on the go, then the Oscar Mayer Institute for the Advancement of Bacon (OMIFAB) has some good news for you.

    Oscar Mayer has unveiled Bacon Jerky, available in two flavors — Bourbon Barbecue and Teriyaki Ginger — and packaged in an on-the-go bacon jerky pouch.

  • Report: Market Basket warned on employee firings

    Tewksbury, Mass. – The Attorney General’s offices of Massachusetts and New Hampshire have warned the Market Basket supermarket chain that it must follow the letter of the law in terminating any employees involved in walkouts and demonstrations that have been occurring since July 18. According to the Boston Globe, a joint letter to Market Basket co-CEOs Felicia Thornton and James Gooch from the two offices states that they are aware Market Basket may start replacing workers on Aug. 4.

  • Whole Foods Market to make Irvine, California, debut

    Irvine, Calif. -- Whole Foods Market and the Irvine Company announced that the companies have signed a lease to bring the first Whole Foods Market to Irvine, California.

    The organic and natural grocer will occupy approximately 40,000 sq. ft. at Los Olivos Marketplace, a specialty shopping center just off the 405 freeway at Irvine Center Drive in Irvine Spectrum.

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