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Week of Mon, Nov 12th, 2012

Target 3Q earnings best Wall Street's forecast

Target Corp. saw its profit climb in the fiscal 2012 third quarter, aided in part by a gain from the sale of its credit card receivables portfolio.

Walmart reports 3Q gains, gives uncertain outlook

Walmart posted sales and earnings gains for the fiscal 2013 third quarter, but its shares dropped after the company gave a cryptic outlook for the fourth quarter, including the critical holiday shopping season.

Whole Foods ends fiscal 2012 on strong note

Whole Foods Market reported robust increases in sales and profits for the fourth quarter of fiscal 2012, but a cautious earnings forecast for fiscal 2013 disappointed volatile Wall Street investors.

Target seeks LEED certification for Canadian stores

Target Corp. is seeking LEED (Leadership in Energy & Environmental Design) certification for all of the stores it will open in Canada in 2013.

Stater Bros. to complete 11 supermarket remodels

Stater Bros. Markets Inc. has remodeled nine of its Southern California supermarkets over the past several months, with two more slated for completion in early December.

Shoppers Drug Mart reports third quarter results

Shoppers Drug Mart Corp. posted a 3.2% increase in third quarter sales to $3.21 billion, as same-store sales grew 2.3%.

Sales, profits decline at Roundy’s

Net income fell 35.8% to $7.93 million at Roundy’s Inc., as third quarter sales edged down 0.3% to $973.6 million. Adjusted net income, which excludes onetime employee expenses, declined 29% to $8.8 million.

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