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Retail News Breaks Archives

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Week of Mon, Aug 2nd, 2010

July sales disappoint despite warm weather

Despite seasonably warm weather that helped boost clearance sales of summer apparel, especially among department stores, July generally produced disappointing same-store sales growth among reporting mass market retailers.

Whole Foods third-quarter profit and sales surge

On Wednesday Whole Foods Market Inc. reported an 88% increase in net income as sales grew 15% during the third quarter of fiscal 2010.

Weis Markets stores cut refrigerant use

Three new stores Weis Markets is building in Pennsylvania will use 50% less refrigerant than the typical supermarket, the company said, reducing their impact on the ozone layer and climate change.

Safeway names senior vice president

Safeway Inc. has promoted 16-year company veteran Jonathan Mayes to senior vice president of government relations, public affairs, corporate social responsibility and philanthropy.

Publix net up nearly 16% in second quarter

Publix Super Markets Inc. reported a 15.8% increase in net earnings to $348.4 million for the second quarter of fiscal 2010, with earnings per share rising to 44 cents from 38 cents per share in the fiscal 2009 quarter.