The Fresh Market sees income, sales rise in fiscal 2012
Earlier this month The Fresh Market reported that net income for their fourth quarter rose 12.6% to $20.6 million on sales of $369.9 million, a 15.3% increase (compared to the same period a year ago). Comparable-store sales rose 1.9% during the same period. For the full year, which ended January 27, net income rose 24.7% compared […]
A&P to see $130 million gain from real estate transactions
A&P, parent company of Super Fresh, Pathmark and others, announced last week that pending leasehold sales and sale-leaseback deals are expected to generate in excess of $130 million for the company. The properties affected were not identified. President Sam Martin said the additional liquidity will help A&P invest in its stores and execute its strategic initiatives. A&P, […]
Philly Whole Foods adds delivery service
Last month Whole Foods on South Street in Center City Philadelphia began offering a free grocery delivery service to a specified area surrounding the store. Customers just need to order at least $30 worth of products and limit their order to four bags of goods (that’s all the bikes can hold!). According to the company, […]
Dollar Tree reports sales increase; won’t add tobacco
Dollar Tree announced last week that its net earnings improved by 10.2% in the fourth quarter as compared to the same period a year ago. A 15.4% sales increase was a major factor, along with a slight improvement in margins and an extra week in the quarter. Comparable-store sales for the quarter increased 2.4%. In […]
Grocers take top 3 spots in experience ratings
The third annual Temkin Experience Ratings, which evaluate a company’s overall customer experience, came out last week, and grocery chains fared well. Based on a study of 10,000 consumers, Publix, Trader Joe’s and Aldi earned the highest scores. Here are the top 12 performers: 1 – Publix 2 – Trader Joe’s 3 – Aldi 4 […]
Ahold USA reports sales increase
As compared to the same time period a year ago, U.S. sales at European-based Ahold improved 4.3% in the fourth quarter to $6.1 billion, and identical-store sales improved by 1.4%. Ahold USA includes Giant, Stop & Shop, Martin’s Food Markets and Peapod. For the fiscal year, U.S. sales increased 3.1% to $25.8 billion. Worldwide, Ahold […]
Study shows Wal-Mart’s price advantage over Target is growing
According to Kanter Retail’s semi-annual pricing study, Wal-Mart is widening the gap over Target. A basket of branded goods at the world’s largest retailer was 4% less expensive than the same basket at Target, which represents the largest gap since the study began in 2009. The last time Target’s basket was less expensive than Wal-Mart’s […]
Whole Foods to take Genuardi’s store in Cherry Hill
Whole Foods has announced it will open a store in the former Genuardi’s site at Ellisburg Shopping Center in Cherry Hill, NJ. Safeway closed the Genuardi’s store last summer after they couldn’t find a buyer for it. Whole Foods plans to renovate the store and open sometime next year. It will be the 13th New […]
McCaffrey’s reaping harvest from local greenhouse
McCaffrey’s Market, with stores in Pennsylvania (Yardley, Newtown) and New Jersey (Princeton, West Windsor), is now selling produce “that’s just about as local as you can get,” according to company officials. Produce is bring grown hydronically by New York-based BrightFarms in a newly constructed, 50,000 square foot greenhouse down the road from one of McCaffrey’s stores. “We’re […]
Supervalu gives $23 million to four departing execs
According to documents filed with the SEC, Supervalu is giving $22.78 million in “golden parachutes” to four executives, including CEO Wayne Sales. Sales will receive $12.8 million, about two thirds of which will be in cash. Sales replaced Craig Herkert as CEO last July, and is expected to leave the company when the $3.3 billion […]