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  • Supervalu's Save-A-Lot banner expands reach in the Windy City

    ST. LOUIS — Save-A-Lot on Monday announced that it was expanding its reach by opening five new stores in the Chicago market.

    Save-A-Lot, the hard-discount, limited-assortment grocery retailer and subsidiary of Supervalu, would nearly double its presence in the area, bringing the total Chicagoland stores to 13. The five stores, located in Chicago's South Side, range in size from 11,000 to 21,000 sq. ft.

  • Office Depot narrows loss in Q4

    Boca Raton, Fla. -- Office Depot said Tuesday that it narrowed its loss in the quarter ended Dec. 25 to $58 million, compared with a loss of $77 million in the year-ago period.

    Total sales dropped 3% to $3 billion. Sales in the North American Retail division dipped 2% to $1.2 billion; same-store sales decreased 1%. During the quarter, Office Depot closed six stores, opened three and relocated four stores in North America.

  • Hhgregg plans 20 new stores in Chicago

    Indianapolis -- Electronics and appliances retailer Hhgregg said Friday it is planning to open as many as 20 new stores in the Chicago market this fall.

    According to a report by the Chicago Tribune, the openings would make the Chicago area the largest market for the chain, with 11% of its 174 stores.

    Hhgregg is leasing former Circuit City, Linens ’n Things and Wickes Furniture sites, and plans to open a DC to support the Chicagoland expansion, it said.

  • Aldi takes a bite out of the Big Apple

    NEW YORK — Discount grocer Aldi has opened its first-ever New York City-area store in the borough of Queens.

    The store, which is located in Rego Park, marks the first of three grocery stores the company plans to open in New York, including new locations in the Bronx and Bay Shore, Long Island.

    Aldi, which offers a limited assortment of items, said it will bring its standard floor plan to Queens, which includes wider-than-typical 8-ft. aisles.

  • Casto closes sale on second Columbus location for Menards

    Columbus, Ohio -- Casto announced that Menards has purchased 20 acres of land at Columbus Corporate Center, on the east side of Columbus, Ohio.

    According to Menards, construction on its 160,000-sq.-ft. store will commence later this spring. This will be the second Menards location in Columbus. The first location, situated at Northland is scheduled to open this spring.

  • Abercrombie Q4 earnings nearly double

    New Albany, Ohio -- Abercrombie & Fitch Co.'s fiscal fourth-quarter net income nearly doubled on strong sales overseas and better U.S. results. The retailer reported net income of $92.6 million, up from $47.5 million a year ago.

    Revenue for the period ended Jan. 29 rose 23% to $1.15 billion, from $936 million. Domestic revenue rose 13%, while international revenue jumped 61%.

    Same-store sales rose 13%.

  • Report: A&P to close 32 stores

    New York City -- A&P plans to close 32 stores in six states, including four in the New York City area, Crain’s New York reported.

    Among the stores slated to close are 14 Pathmarks, seven Super Fresh shops, four A&Ps and three Waldbaums, according to the report.

    A&P operates 395 stores in eight states and the District of Columbia under the banners A&P, Waldbaum's, Pathmark, Best Cellars, The Food Emporium, Super Fresh and Food Basics. The company filed for Chapter 11 bankruptcy in December.

  • Lionsgate, Studiocanal and Miramax enter distribution deal

    SANTA MONICA, Calif., VANCOUVER, British Columbia and PARIS --Lionsgate, Studiocanal and Miramax announced that they have entered into a worldwide home entertainment distribution deal. Under the long-term deal, Lionsgate and Studiocanal will distribute more than 550 titles from the Miramax film library via DVD, Blu-ray, EST and Internet Video On Demand (VOD), in addition to cable VOD internationally, the companies reported.

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