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  • Spartan Stores distributes strong sales in Q1

    GRAND RAPIDS, Mich. — Grocery distributor and retailer Spartan Stores reported that its net sales for the first quarter increased 4.4% to $602.6 million compared with $577.2 million in the same period last year. Both the distribution and retail segments reported improved sales during the quarter, the company said.

  • Payless fashions franchise success

    TOPEKA, Kan. — The desire for affordable, stylish shoes is something shared by U.S. and international consumers alike, which is why Collective Brands' Payless ShoeSource unit has been able to build a successful franchise business overseas. The company announced Thurday the opening of its 100th franchise store, which is located in Cirebon, Indonesia.  The store represents the 7th store in Indonesia to date.

  • Payless ShoeSource opens 100th franchise store

    Topeka, Kan. -- Collective Brands, parent to Payless ShoeSource, announced Thursday the opening of its 100th franchise store, which is located in Cirebon, Indonesia.

    The store represents the seventh store in Indonesia to date and the overall rapid international expansion of the Payless store chain over the past two years through its franchise strategy.

  • Delhaize completes Delta Maxi acquisition

    Brussels, Belgium -- Belgian supermarket retailer Delhaize Group said Wednesday that it has completed the previously announced acquisition of Serbian retailer Delta Maxi.

    Combined with its existing operations in Greece and Romania, Delhaize is now, with this transaction, considered a leading retail force in Southeastern Europe.

  • Amazon posts record-setting 51% increase in Q2 sales, profits drop

    Seattle -- Amazon reported Tuesday that sales for the quarter ended June 30 soared 51% to $9.9 billion.

    Profits dipped 8% to $191 million from $207 million on surging operating costs, but still beat Wall Street expectations.

  • Office Depot soldiers on amid weak economy

    BOCA RATON, Fla. — Second-quarter results from Office Depot reveal ongoing challenges in an economy still struggling to regain its footing.

  • Books-A-Million abandons bid to buy 30 Borders stores

    Birmingham, Ala. -- Books-A-Million said late Monday that it was unable to put a deal together to acquire the leases and assets of 30 Borders bookstores out of bankruptcy.

    "The company’s efforts to secure the inventory, fixtures, equipment and leasehold interests for 30 Borders stores has ended unsuccessfully because the parties could not agree on terms and the going out of business sales at these locations commenced," Clyde B. Anderson, Books-A-Million CEO, said.

  • Bet your 'Bottom Dollar' grocery chain expanding

    SALISBURY, N.C. — Discount grocery chain Bottom Dollar Food announced plans to enter the greater Pittsburgh and Youngstown, Ohio, markets.

    The expansion includes 14 stores that will open in 2012 and is said to create more than 600 jobs.

  • Bottom Dollar Food grocery chain expanding

    Salisbury, N.C. -- Discount grocery chain Bottom Dollar Food announced Monday plans to enter the greater Pittsburgh and Youngstown, Ohio, markets.

    The expansion includes 14 stores that will open in 2012 and slated to create more than 600 jobs.

  • Wal-Mart’s path into India may be getting easier

    New Delhi, India -- A Monday report by Bloomberg said that an Indian governmental panel recommended easing market-entry restrictions, making Wal-Mart Stores’ and Carrefour SA’s path into the India retail market potentially much easier.

    Citing a finance ministry official as its source, Bloomberg reported that a panel of New Delhi bureaucrats recommended on Friday that overseas companies be allowed to own up to 51% of stores that sell more than one brand if they invest a minimum of $100 million.

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