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  • Deloitte: CPG companies not keeping up with explosive growth of dollar channel

    New York -- Only 58% of consumer product goods executives view dollar stores as a strategic channel, according to Deloitte’s new Dollar Store Strategies for National Brands study. Deloitte advises that CPG companies may not be keeping pace with the explosive growth of the $56 billion dollar store industry, and should act now to maximize market share and profits.

    In other survey highlights: 

  • Can Walmart small format close competitive gap?

    Family Dollar – like Dollar General – is opening stores as fast as it can and this week said it would add 500 new units ahead of what is expected to be an announcement by Walmart next week to accelerate growth of its own small format.

  • Wakefern Food Corp.’s DC to go solar

    Wall, N.J. -- Wakefern Food Corp. and NJR Clean Energy Ventures, a subsidiary of New Jersey Resources, have started work on the installation of a rooftop solar system at a Wakefern Food Corp. distribution center in Keasbey, N.J. The 2.4-megawatt solar system will supply power to a refrigerated warehouse, helping lower Wakefern’s long-term electricity costs and its greenhouse gas emissions.

  • Ashley Furniture, Pet Supplies Plus to open at Fairlawn Town Centre

    Fairlawn, Ohio -- Charter Realty & Development announced it has arranged -- in conjunction with Julius Feinblum Real Estate -- for a 27,587-sq.-ft. lease for Ashley Furniture and an 11,284-sq.-ft. lease for Pet Supplies Plus in the Fairlawn Town Centre in Fairlawn, Ohio.

    The shopping center is anchored by Target, Home Goods, Giant Eagle, Marc’s and USPS.

     

  • Costco and TJX beat estimates in September, Target misses

    New York -- Costco Wholesale Corp. reported a better-than-expected 6% rise in September same-store sales, helped by higher gasoline prices and a stronger dollar. Excluding the impact of gasoline prices and foreign exchange, comparable September same-store sales rose 5%.

    Net sales rose 8% to $9.31 billion in the five weeks ended Sept. 30. Costco, which currently operates 608 warehouses, said it plans to open up to 14 new warehouses prior to the end of calendar year 2012.

  • Wakefern DC to get new solar system

    WALL, N.J. — Wakefern Food Corp. has partnered with NJR Clean Energy Ventures, a subsidiary of New Jersey Resources, to install a rooftop solar system at a Wakefern Food Corp. distribution center in Keasbey, N.J. The 2.4 megawatt solar system will supply power to a refrigerated warehouse, helping lower Wakefern’s long-term electricity costs and its greenhouse gas emissions.

  • More, more, more at Family Dollar

    Family Dollar said it would open 500 new stores next year following the release of record sales and profits on Wednesday morning.

  • Holiday hiring frenzy arrives at Macy's

    CINCINNATI — Macy's Inc. joined the ranks of other retailers that have already announced plans to boost store staff during the holiday season.

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