Costco turns in strong third quarter performance
Mass Market Retailers
by smeyer
3d ago
ISSAQUAH, Wash. — Costco Wholesale Corp. reported net sales of $57.39 billion for its fiscal third quarter, up 9.1% over the prior year quarter. Net sales for the 36-week year-to-date period increased 7%, to $171.44 billion. The warehouse club operator also posted same-store sales and earnings for the fiscal third quarter ended May 12 that beat Wall Street forecasts. U.S. comparable sales were up 6.2% (or 6% adjusted for gas inflation and foreign exchanage rates). Comparable sales in Canada were up 7.7% (7.4% adjusted), other international comparable sales were up up 7.7% (8.5% adjusted) and t ..read more
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Hy-Vee dietitians to offer free omega-3 screenings
Mass Market Retailers
by smeyer
3d ago
WEST DES MOINES, Iowa — Hy-Vee Inc. said it will provide 2,000 free omega-3 index screenings at select Hy-Vee stores in June as a part of Alzheimer’s and Brain Awareness Month. Omega-3 fatty acids are essential to the body as they support a healthy heart and brain. They also work to lower cholesterol, specifically triglyceride levels. The omega-3 index screening measures the amount of omega-3 in the bloodstream and can help identify risk factors. An omega-3 index screening is administered via a simple finger stick. A few weeks after the screening appointment, individuals will be contacted by t ..read more
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FMI partners on cybersecurity, threat assessment
Mass Market Retailers
by smeyer
3d ago
WASHINGTON – FMI, The Food Industry Association, is partnering with an organization that monitors and helps address cybersecurity and other threats. FMI is one of three trade groups joining forces with the Food and Agriculture Information Sharing and Analysis Center (Food and Ag-ISAC).  The groups said these partnerships will enable increased collaboration between the ISAC and the larger food and agriculture industry on cybersecurity and threat intelligence sharing by scaling the Food and Ag-ISAC’s ability to share critical threat intelligence throughout the sector. The Food and Ag-ISAC w ..read more
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Food Lion Feeds awards more than $675,000 in grants
Mass Market Retailers
by smeyer
3d ago
SALISBURY, N.C. — The Food Lion Feeds Charitable Foundation has awarded more than $675,000 in grants to over 250 nonprofit agencies and community feeding partners across Food Lion’s 10-state footprint. The grants support local organizations’ efforts to nourish neighbors experiencing hunger and provide nutritional education to their communities. As part of the total distribution, Food Lion Feeds Charitable Foundation awarded $165,000 to Feeding America® to support child hunger programs. Organizations receiving grants can be found online. Since its inception in 2001, the Foundation has ..read more
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Dollar General’s first quarter results top forecasts
Mass Market Retailers
by MMR
3d ago
GOODLETTSVILLE, Tenn. — Dollar General Corp. cited an increase in customer traffic and market share gains in posting financial results for its first quarter that surpassed analysts’ forecasts. Net sales for the 13 weeks to May 3 increased 6.1% to $9.9 billion. Same-store sales were up 2.4%, with the increase in store traffic partially offset by smaller average transaction amounts, on average. The overall increase included growth in the consumables category, partially offset by declines in home products, seasonal, and apparel categories. Dollar General reported gross profit as a percentage of n ..read more
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Walgreens introduces summer of savings
Mass Market Retailers
by leslie
3d ago
DEERFIELD, Ill. — Walgreens has introduced more opportunities for consumers to save throughout the season and beyond. The company also plans to introduce a series of promotional campaigns, including the return of Walgreens popular myW Days in mid-July. “Walgreens understands our customers are under financial strain and struggle to purchase everyday essentials. We continue to be committed to our customers by lowering prices on over a thousand additional items, something we’ve been doing since October of 2023,” said Tracey Brown, executive vice president and president and Walgreens retail and ch ..read more
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Walmart supports Arkansas community following storms
Mass Market Retailers
by leslie
3d ago
BENTONVILLE, Ark. — Walmart, in partnership with the Walmart Foundation, is taking steps to aid its hometown following severe storms and tornadoes that left many across Northwest Arkansas with damage to their homes and without electricity. Together they said they are making a commitment of up to $2 million to support immediate relief in the early days following the storm. “In these early days, we want to support the immediate needs of the community,” said Dan Bartlett, executive vice president of corporate affairs for Walmart. “We will continue to be here for those who have been impacted, incl ..read more
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Kroger Health to host Nourishing Change Conference
Mass Market Retailers
by smeyer
4d ago
CINCINNATI — Kroger Health has announced the dates for its Nourishing Change Conference, a groundbreaking event this summer that will explore the transformative power of nutrition, consumer product goods, technology, retail, and other health interventions that can improve the well-being of individuals and communities. The conference, which reflects Kroger Health’s vision to help people live healthier lives, will take place beginning on the evening of Monday, July 15, and running through Wednesday, July 17. “Empowering communities is essential for improving health outcomes and ensurin ..read more
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Dollar Tree acquires rights to 99 Cents Only Stores
Mass Market Retailers
by MMR
4d ago
CHESAPEAKE, Va. — Dollar Tree Inc. today said it has acquired the designation rights to 170 leases of 99 Cents Only Stores in four states: Arizona, California, Nevada and Texas. The deal also gives Dollar Tree select intellectual property rights, as well as equipment including on-site furniture and fixtures, the company said in announcing the deal. The acquisitions come via two transactions completed this month and approved by the United States Bankruptcy Court for the District of Delaware. 99 Cents Only Stores LLC filed a bankruptcy petition with the court in April after the Tustin, Calif.-ba ..read more
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Meijer to open first grocery format store in Indiana
Mass Market Retailers
by smeyer
5d ago
GRAND RAPIDS, Mich. — Meijer will open its new 90,000-square-foot grocery format store on July 11 at the Promenade of Noblesville, Ind., the retailer said on Tuesday. This is Meijer’s first grocery format store in Indiana, where it will complement the retailer’s 42 supercenters in the state. “Meijer has been providing an exceptional shopping experience to customers across Indiana for 30 years, and the Meijer Grocery in Noblesville will further solidify our commitment to the Hoosier State,” said Travis Bernath, Noblesville Meijer Grocery Store Director. “We prioritize our customers’ time, and u ..read more
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