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Retail News Breaks Archives

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Week of Mon, Jul 12th, 2010

KPMG survey shows senior retail executives upbeat

According to a new survey by KPMG, most senior retail executives see business improving this year and expect even an even better situation in terms of revenue, profits and jobs in 2011.

PriceSmart promotes Laparte to CEO

PriceSmart Inc. has promoted president Jose Luis Laparte to the position of chief executive officer, replacing Robert Price, who remains chairman of the board. Price is the son of Sol Price, founder of the membership warehouse club format.

CPG companies need new tactics for growth

The latest edition of the Grocery Manufacturers Association’s (GMA) annual industry report has concluded that the consumer packaged goods (CPG) sector needs to devise new tactics to find growth in a post-recession economy.

Tuesday Morning shares jump on bright outlook

Closeout retailer Tuesday Morning Corp. reported a 6.4% rise in fourth-quarter net sales to $200.8 million that was driven primarily by a 6% gain in comparable-store sales.

Peapod extends reach to more than 40 communities

Ahold NV’s Peapod online grocery arm has expanded its home and business delivery service to more than 40 new communities in the Northeast.

Second-quarter earnings up 34% at Weis Markets

Weis Markets Inc. recorded a 34.9% increase in net income to $20.5 million, or 76 cents per share, for the 13-week quarter ended June 26.