BJ's Wholesale Confirms Looking to SellBJ's Wholesale Club, the third-largest warehouse club chain in the US, has confirmed that it is considering a full sale. The company was responding to media reports, and said it will "explore and evaluate strategic alternatives, including a possible sale of the company".
Kam City
Health Care Going Retail with 500 CVS OfficesA new MinuteClinic inside Belmont's CVS is one of 500 new offices the company plans to open by the end of 2015. Those will more than double the clinics in the U.S., bringing the total number of the CVS-based offices to around 1,050 nationwide. And that's in addition to other in-store clinics at retailers such as Target, Walgreens, Walmart and, in other parts of the South, Winn-Dixie.
Gaston Gazette
CVS Caremark Reports 2010 Fourth Quarter and Full Year ResultsNet revenues for the three months ended December 31, 2010, decreased 4.1% or $1.0 billion to $24.8 billion, down from $25.8 billion in the three months ended December 31, 2009. For the year ended December 31, 2010, total revenue decreased 2.3% or $2.3 billion to $96.4 billion, compared to $98.7 billion for the year ended December 31, 2009.
SYS.Con
Sport Chalet Loss Narrows in Fiscal Third QuarterSporting-goods chain Sport Chalet Inc. reported a narrower fiscal third-quarter loss and said total sales increased slightly, reflecting an improvement in its online and team sales divisions. The La Canada Flintridge retailer posted a $0.9-million loss for the three months ended Dec. 26 compared with a loss of $3.8 million in the same period a year earlier. Sales rose 0.6% to $95.8 million.
Los Angeles Times
Jo-Ann Stores Announces Fourth Quarter Sales Results Jo-Ann Stores, Inc. reported that net sales for the fourth quarter ended January 29, 2011, increased 3.6% to $624.1 million compared to $602.2 million for the same period last year. Customer transactions increased 1.1% and average ticket increased 0.9%. Large-format store net sales for the quarter increased 1.8% to $330.6 million compared to the same period last year. Small-format store net sales increased 4.6% to $277.6 million compared to the same period last year.
Business Wire
Harris-Teeter Q1 Earnings Jump on SalesStrong sales increases at Harris-Teeter stores helped Ruddick Corp. post a 60.7% improvement in net earnings during the fiscal first quarter that ended Jan. 2. Ruddick posted net income of $38.1 million on total sales of $1.11 billion. Sales at Harris Teeter increased 6.2% to $1.03 billion. Harris Teeter's performance was driven by new stores, as well as increased in customer loyalty and store visits resulting from lower everyday prices and increased promotions.
Supermarket News
Dick's Sporting Goods to Expand Throughout Maryland with 14 LocationsCoraopolis, Pa.-based Dick's Sporting Goods Inc. plans to open 14 new locations throughout Maryland, with hopes to eventually operate 900 locations nationwide, including 34 projected store openings in 2011. The new Dick's Sporting Goods locations will average approximately 50,000 sq. ft. and will offer sporting goods equipment, apparel and footwear in a specialty store environment.
DDI
Ultimate Electronics Files for Chapter 11 ProtectionUltimate Electronics Inc., the operator of 46 home-entertainment and electronics stores, filed for bankruptcy citing decreased sales at certain locations and refusal of some suppliers to ship goods on credit. In Chapter 11 papers, the company listed both assets and debt in the range of $100 million to $500 million. An affiliate, CC Retail LLC, also sought protection. Ultimate, based in Thornton, Colorado, plans to use Chapter 11 to streamline operations, close "underperforming locations," negotiate more favorable leases and improve the profitability.
Bloomberg
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