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  • Costco comps, profits up in Q1

    ISSAQUAH, Wash. — Costco Wholesale reported that net sales for the first quarter of 2012 increased 13% to $21.18 billion from $18.82 billion during the first quarter of fiscal 2011. 

    Total comps for the quarter increased 10%, which included a 10% increase in U.S. comps and an 11% increase in international comps.

    Excluding the impact of fuel and strengthening foreign currencies, total comps for the quarter were up 7%, U.S. comps rose 6% and international comps rose 10%.

  • Report: Tesco postpones opening wholesale stores in India

    Mumbai, India -- A Monday report by Reuters said that the world’s third-largest retailer Tesco Plc has delayed its plans to set up wholesale stores in India, as it faces mountains of political red tape and controversy in the country.

    Reuters, citing a report in the Business Standard newspaper, said that the supermarket giant will instead focus on setting up warehouses and back-end infrastructure. 

  • Dick's Sporting Goods Westward bound

    PITTSBURGH — Dick's Sporting Goods took another step in expanding out West with the announcement that it will build a distribution center in Goodyear, Ariz., that is expected to bring approximately 120 jobs to the area when business opens in early 2013.

    The distribution center will be designed to ultimately support approximately 160 stores as Dick's Sporting Goods grows its store base in the Western United States over the next 5-10 years and is eventually expected to employ up to 300 associates, the company reported.

  • Save-A-Lot opens DC in North Carolina

    St. Louis -- Grocer Save-A-Lot, a subsidiary of SuperValu, said Tuesday it will open a 330,000-sq.-ft. distribution center in Lexington, N.C., on Nov. 30.

    The $24 million project is designed to support Save-A-Lot’s growth in region.

    The new DC will employ 35 employees initially and is a collaboration with the state of North Carolina and its One North Carolina Fund, the North Carolina Department of Commerce, Davidson County and the City of Lexington.

  • Save-A-Lot expands in North Carolina

    ST. LOUIS — Supervalu banner Save-A-Lot will open a new 330,000-sq.-ft. food distribution center in Lexington, N.C., on Wednesday.

    The distribution center initially will service more than 70 stores within a 150-mile radius, Save-A-Lot noted.

    The distribution center, which will employ 35 employees, is part of the company's commitment to expand in the region. Currently, there are nearly 30 Save-A-Lot stores in North Carolina, including one in Lexington; the company plans to open an additional three stores in the state by March 2012.

  • Supply Chain Trends

    As cost savings continue to be the name of the game in retail, supply chain has come under even closer scrutiny as a major expense to be controlled. Chain Store Age talked with George Prest, COO of the Material Handling Industry of America (MHIA), about what lies ahead for the supply chain and global trade, as well as the association’s inaugural trade show MODEX, to be held in early 2012. 

    What one trend do think will most shape the supply chain in 2012?

  • Sam's Club donates $1M to help end child hunger

    BENTONVILLE, Ark. — Sam's Club announced that it will donate $1 million to support child hunger programs through feeding America as part of its Holiday Taste of Sam's Club event Nov. 18 to 20.

  • Retail container traffic to decline in November

    Washington, D.C. -- With most holiday season merchandise already on its way to store shelves, import cargo volume at the nation’s major retail container ports has started to decline for the fall, and November is forecast at 1.9% below the same month last year, according to the monthly Global Port Tracker report released Tuesday by the National Retail Federation and Hackett Associates.

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