Walmart Canada Eyes Supercenter Growth The Canadian arm of retail giant Wal-Mart Stores Inc. will open 40 supercenter-format stores over the next fiscal year, investing more than 500 million Candian dollars to build new sites and expand, remodel or relocate existing stores across the country. The retailer confirmed it will bring its supercenters concept to two new provinces this year-Manitoba and Quebec. The company's plan to open 40 supercentres by Jan. 31, 2012, the end of its next fiscal year.
Wall Street Journal
Stater Bros. Introduces Free Personal Vitamin Recommendation ProgramTo help its shoppers make sure they are getting the vitamins they need, Stater Bros. added a service to its website that was developed to guide visitors through a free 5-minute personal health survey. As an added convenience, customers can take the 5-minute personal health survey with the help of a Stater Bros. pharmacist at any one of the 27 Stater Bros. Super Rx Pharmacy locations.
Progressive Grocer
Chicago Lawn's Jewel-Osco Closing; 5 Save-A-Lots Opening on South Side Jewel-Osco is closing a grocery store at 6057 S. Western Ave. on Feb. 24 because of lagging business. Residents will soon have a smaller, lower-cost and limited-assortment grocery alternative when Save-A-Lot opens five stores Feb. 24 on Chicago's South Side. The Save-A-Lot stores, a wholly owned subsidiary of Supervalu, which owns Jewel-Osco stores, measure 15,000 square feet, on average, compared with a Jewel-Osco store averaging 45,000 to 55,000 square feet.
Chicago Sun-Times
Roof of Centennial IKEA Store Will Have 2,212 Solar PanelsIKEA's new furniture store in Centennial will sport 2,212 solar power panels on its roof when it opens in the fall 2011. The company installed a geothermal heating system to help with heating and cooling the building. The store will be IKEA's first store in the United States to use geothermal technology. The 60,000-square-foot solar power system on the store's roof is expected to produce about 740,000 kilowatt hours of electricity a year for the store.
Denver Business Journal
Competition, Deflation Impact Metro's Q1Price deflation driven by intense competitive activity contributed to flat same-store sales and decreased earnings during the fiscal fourth quarter for Metro Inc. Overall sales of $2.6 billion (U.S.) decreased by 0.5% for the 12-week period, which ended Dec. 18. Net earnings fell 6.2% to $98.1 million, but improved by 3.7% when adjusted for an income tax decrease and non-recurring expenses. EBITDA decreased by 0.6% during the quarter but remained flat as a percent of sales at 6.9%.
Supermarket News
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