News

Dr Pepper Snapple Group has signed a non-binding letter of intent to acquire the business assets of Davis Beverage Group and Davis Bottling Co.

If completed, the acquisition would include most of Davis’ direct store delivery territory in Pennsylvania and a portion of its New Jersey territory, as well as its production and distribution facilities, delivery vehicles, vending equipment and other assets.

Walgreens reported August sales of $6.4 billion, an increase of 3.6% from the same month in fiscal 2013. Total sales for fiscal 2014 were $76.4 billion, an increase of 5.8% from fiscal 2013.
 
Total front-end sales increased 2.1% in August compared with the same month in fiscal 2013, while comparable-store front-end sales increased 1.4%. Customer traffic in comparable stores decreased 1.7% while basket size increased 3.1%.
 

Amazon has rolled out KDP Kids, a program designed to help children’s book authors prepare, publish and promote both illustrated and chapter books in Kindle Stores worldwide.

Children’s book authors can use Amazon’s new Kindle Kids’ Book Creator tool to create illustrated children’s books that take advantage of Kindle features like text popups. Once the book is ready, authors can upload it to KDP, and use KDP’s category, age and grade range filters to help Amazon customers choose the right books for their kids.

Speed Commerce, a leading provider of omnichannel e-commerce services, has appointed former Oracle executive Mark Steele as the company's VP of global sales and marketing.

Steele boasts more than two decades of sales experience with a proven track record of success in firms ranging from Global Fortune 100 to early and mid-stage venture backed startups.

Just two days after reporting second-quarter results, Fred's posted August results. Improved sales and traffic in the month were driven, according to CEO Bruce A. Efird, by initiatives that the company implemented for the first time in August.

Total sales for the month increased 6% to $147.6 million from $139.4 million in August 2013. Comparable store sales for the month increased 2.3% compared with flat store sales in the same period last year.

Rite Aid reported a 3.2% lift in sales for the 26 weeks ended Aug. 30, ringing in $12.9 billion.
 
Same-store sales for the period increased 3.6% over the prior-year period. Front-end same store sales increased 0.6%, while pharmacy same store sales increased 5.1%. Prescription count at comparable stores increased 3% over the prior-year period.
 
Prescription sales represented 68.6% of total drug store sales for the 26-week period, and third-party prescription sales represented 97.5% of pharmacy sales.
 

Shoe Carnival may have had a challenging second quarter thanks to soft store traffic, but the company is looking forward to implementing improved digital capabilities — including the launch of its first-ever mobile app — as part of its aggressive push to evolve the omnichannel shopping experience for its consumers.

Saks Fifth Avenue continues to step up its digital efforts with its launch of a user-generated content hub called #SaksStyle.

Created by Curalate on its Fanreel image integration platform, #SaksStyle will function as a daily go-to guide for fashion inspiration created solely by Saks customers, highlighting products purchased from Saks Fifth Avenue locations nationwide and online.

Costco said it plans to open nine new warehouse stores before the end of calendar year 2014, following a boost in net sales for August and the fourth quarter.

During the month of August, net sales were $8.8 billion, an increase of 10% from $8 billion during the similar period last year. Same-store sales in the United States increased 7%.

For the 16-week fourth quarter, the company reported net sales of $34.8 billion, an increase of 9% from $31.8 billion in the year-ago period. Same-store sales in the United States increased 6%.

A strong performance at Stein Mart’s Texas locations in August helped to offset sales at the retailer’s more challenged Gulf state locations.

Total sales for month were $86.5 million, a 3.8% increase over total sales of $83.3 million for August last year. Comparable store sales for the month increased 2.5% from comparable store sales for August last year.