Retail News Breaks Archives
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.
On Wednesday Whole Foods Market Inc. reported an 88% increase in net income as sales grew 15% during the third quarter of fiscal 2010.
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 Inc. has promoted 16-year company veteran Jonathan Mayes to senior vice president of government relations, public affairs, corporate social responsibility and philanthropy.
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.