Data & Analytics

Washington, D.C. -- A report released Thursday by Bloomberg said that consumer confidence rose for a third straight week, indicating an improving job market and more positive attitudes about finances and the economy.

The Bloomberg Consumer Comfort Index climbed to minus 43 in the period to April 10, the best showing since the end of February, following a minus 44.5 reading the prior week.

Minneapolis -- Supervalu reported Thursday that net income for the quarter ended Feb. 26 slipped 2% to $95 million, compared with $97 million in the year-ago period, but results still beat Wall Street expectations.

Performance was impacted by softer sales, which dropped 6% to $8.66 billion, missing Wall Street's estimate of $8.73 billion. Same-store sales fell 5%.

Supervalu, which operates Albertsons, Jewel-Osco and Save-A-Lot chains, launched a turnaround plan more than a year ago.

PLEASANTON, Calif. -- Safeway announced that it has been named the most sustainable national U.S. grocer for seafood by Greenpeace. Greenpeace's retailer scorecard ranks the top 20 grocery retailers on the sustainability of their seafood practices.

The "Carting Away the Oceans" report and scorecard, released on April 11, rates retailers' existing seafood policies, initiatives, product labeling/dissemination of information about products, and practices surrounding the sale of certain unsustainable or "red list" species.

Irving, Texas -- SAF U.S.A. announced that Delhaize America, the primary subsidiary of Delhaize Group, has selected SAF RetailSuite Store to support its in-stock conditions and align its inventory with consumer demand.

Delhaize America, which operates under the banners Food Lion, Bloom, Bottom Dollar Food, Harveys, Hannaford and Sweetbay, will implement the solution in its 1,500 stores across 16 states.

By Dwayne Shackelford, [email protected]

Proposed new lease accounting rule changes will have a significant impact on many retail and restaurant companies. The good news is that rent will no longer appear on the income statement; the bad news is that it will be replaced by amortization and interest charges, which will generally be larger in the first years of a lease and lower in the latter years.

Burbank, Calif. -- Ikea on Wednesday went live with the solar energy system installed at its store in Burbank, Calif. The 35,000-sq.-ft. array consists of a 290-kW system, built with approximately 1,260 panels. 

The installation will produce approximately 421,300 kWh of electricity annually, the equivalent of reducing at least 334 tons of carbon dioxide (CO2). The initiative will contribute to the local utility’s renewable portfolio goals and will lower the carbon intensity of the electrical grid.