News

Harris-Teeter helps Kroger beat Street in Q4 as company racks up another impressive year
Cincinnati – Benefits from its acquisition of the Harris-Teeter grocery chain, which The Kroger Co. acquired in January 2014, helped boost results at Kroger during fourth quarter 2014. It was the supermarket giant’s 45th consecutive quarter of same-store sales growth.

Kroger’s net income rose 23% to $518 million, beating Wall Street expectations with a 22% increase from $422 million last year.
Petland hires ex-Walmart exec as it aims to expand
Petland has hired a former Walmart executive as vice president of corporate stores as the pet supply retailer looks to expand its national footprint.

Although Tony Samples last worked at Walmart in 2006, Petland touted his Walmart experience in a news release. "Tony brings extensive retail experience to Petland at a time when Petland is expanding its retail footprint," said Petland President and CEO Joe Watson. Samples will lead Petland's retail store division and oversee the company's merchandising and marketing efforts.

Membership, profits grow again at Costco

The holidays were happy for Costco with solid gains in sales and favorable membership trends fueling profits even as low gas prices and a strong dollar had a profound effect on same store sales.

Sales increased 4% to $26.9 billion and membership sales grew 5.8% to $582 million, resulting total revenues that grew 15.8% to $27.5 billion during the company’s second quarter period ending Feb. 15. Total company same store sales advanced 8% excluding the impact of fuel prices and a stronger U.S. dollar.
Kroger makes growth look easy again

Kroger CEO Rodney McMullen declared 2014 an outstanding year and it is easy to see why after the nation’s leading supermarket operator again surpassed performance expectations.
Why retailers should be worried about Etsy

Never heard of Etsy? Time to start paying attention to the 10-year-old company that defines its value proposition as connecting people and reimagining commerce.

The unique online marketplace, where you can buy hand-knitted baby shoes or a vintage night light with Elvis Presley’s face on it, has filed for a sure-to-be-closely-watched $100 million public offering.
SpartanNash names ex-Walgreens exec as president

Grocery distributor and retailer SpartanNash is looking to a former Walgreens executive to help drive growth.

Derek Jones, currently SpartanNash’s EVP, food distribution, has been promoted to president, wholesale and distribution operations. He will oversee the entire supply chain, including military supply chain operations.
Bealls to launch Bunulu concept in 2015

Bealls Inc., the 100-year-old Florida-based department store retailer, is developing a specialty store concept, called Bunulu, which will debut by the end of 2015.
Same store sales keep sliding at Roundy's

Regional grocery chain Roundy’s Inc. is heading out of a “transition year,” according to CEO Robert Mariano, with lackluster same store sales growth.

Roundy’s reported a same-store sales decline of 2.3% for the fourth quarter. In 2014 overall, same-store sales dipped 2.9%. For the year, net sales reached $3.86 billion, up from $3.35 billion in 2013.
Fred's reports flat same store sales for February

The deep freeze hitting much of the United States this winter helped Fred’s improve its same store sales from the prior year, with cold weather product departments performing well in February. Fred's total sales for February, not adjusting the closed stores, decreased 2% to $154.1 million from $157.4 million in February 2014. Same store sales for the month were approximately flat versus a decrease of 2.2% in February last year.
Port dispute, weather slam Conn's deliveries

The labor dispute at the West Coast ports and harsh winter weather are among the reasons Conn's reported a drop in same store sales for February.

Conn's said same store sales dropped 5.8% in February, compared to a 14.9% increase in the prior-year period.
U.S. manufacturing on tap in Bentonville

Walmart Vice President of U.S. Manufacturing Cindi Marsiglio is scheduled to provide an update on the retailer’s $250 billion domestic sourcing commitment at an event later this month.

Marsiglio is scheduled to speak at 7 a.m., March 19, at an event sponsored by Doing Business in Bentonville at the John Q Hammons Center in Rogers, Ark. The organization, known as DBB locally, regularly holds events at which top Walmart executives share updates and insights on key initiatives and working effectively with the company.
Fewer retailers among Fortune’s ‘Best Companies’ list

The retail industry continued to backslide on Fortune’s list of the 100 Best Companies to Work For, but the slight may not be as bad as it seems.

The 2015 version of the list included 10 retailers compared to 12 retailers on the 2014 version and 14 retailers on the 2013 version. Notable inclusions on the 2015 list were Wegman’s (7), Container Store (27), QuikTrip (54),Whole Foods Market (55), Recreational Equipment (58), Build-A-Bear (59), CarMax (64), Publix (81), Zappos (86) and Nordstrom (93).