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Retail Industry Newswire
March 2, 2011
North American News 

Publix Reports Solid FY Growthe

Publix Super Markets has reported another solid year of growth, with both profits and sales rising in 2010. For the year, net profit rose by 14.7% to $1.33m, while sales were up 3.3% to $25.1bn, and like-for-like sales grew by 2.3%. During the year, the chain opened a net 20 new supermarkets, and operated 1,034 such stores at the end of December. The group currently has 12 supermarkets under construction. 

Kam City



Penney's 4Q Profit Rises 36 Percent

Cutting costs and selling more exclusive brands like Liz Claiborne drew new customers and helped J.C. Penney Co.'s fourth-quarter profit rise 36 percent. Penney's reported net income of $271 million, or $1.13 per share, for the three months that ended Jan. 29. That compares with $200 million, or 84 cents per share, in the same period last year. Revenue rose 2.8 percent to $5.7 billion. Revenue at stores open at least a year increased 4.5 percent.

TMC Net



Weis Renovates N.Y. Stores, Scot's

Weis Markets said it has completed the remodel of five of its stores in Broome County, N.Y., and has reopened former Scot's Lo Cost stores in Montoursville, Pa., and Coal Township, Pa., under the Weis Markets banner. Weis rolled out the Scot's banner in the early 1990s as a warehouse format but has been converting them to the Weis banner. Company officials said the change would allow Scot's shoppers to participate in Weis's frequent shopper and gas reward programs.  

Supermarket News



Southern Family Markets Bows Prototype Banner

Southern Family Markets is introducing a prototype banner, Buy 4 Less Discount Foods, which will offer extreme-value items, bonus packs and big-pack quantities, without sacrificing quality. "This is the first store of its kind within our banners, and we're very excited about that," noted Max Henderson, president of Birmingham, Ala.-based Southern Family Markets. The banner will stock food items most often purchased by consumers, getting the best deals available and passing the savings directly on to shoppers.

Progressive Grocer



CVS/Pharmacy Kicks Off 2011 To Your Health Program

CVS/pharmacy has announced the launch of the 2011 To Your Health program, offering free preventive health screenings at more than 800 events in communities across the country. The program is designed to help Americans determine their risk for chronic diseases and get them on a path to better health. The program will get under way in Houston on March 5, and continue in Dallas, Los Angeles, Washington, D.C., Atlanta, Philadelphia, Chicago and Miami.

Drug Store News



Gap Sets Sights on Japan with Old Navy

Gap Inc. is preparing to launch a long-awaited e-commerce site for the Japanese market and also bring its lower-priced Old Navy chain to the country. The moves are part of a larger strategy to expand in Asia for San Francisco-based Gap. The clothing retailer, the largest in the United States by sales, is planning to open 11 stores this year in Hong Kong and China.

San Francisco Business Journal




European News 

Casino Hurt by Domestic Weakness

Casino has reported a drop in full-year profits due to ongoing weakness in its home market, although it continued to enjoy a strong showing in other markets. For the year, net profit was down 7% to €550m, after the group slashed prices in France in an effort to boost sales. However, underlying operating profit was up 7.5% to €1.3bn, helped partly due to the weakness of the euro to foreign currencies. Overall sales were up 8.7% to €29bn.

Kam City

 

 

 

U.K. and Ireland News 

Carrefour and Alliance Boots Sign Cooperation Agreement

Carrefour and Alliance Boots have announced that they have concluded a long term cooperation agreement in the beauty category. In a joint statement the companies said that cooperation will leverage the scale and geographical presence of Carrefour and the advanced beauty knowledge of the Boots contract manufacturing business to build one of the core pillars of Carrefour - the beauty category. Under the terms of the deal, Boots will take versions of its cosmetics, haircare, bathing and skincare products, among others, and produce these for the French retail giant. 

Kam City



Superdrug to Offer Budget Anti-Wrinkle and Cosmetic Treatments

Cosmetic treatments including anti-wrinkle injections, derma fillers and eyebrow weaving will be on offer at a selection of Superdrug stores from next week. Superdrug, second only to Boots for health and beauty products, will become the only high street chain to offer treatments normally only available at discreet and much more expensive beauty clinics. Location and price, along with convenience, are the watchwords, with anti-wrinkle injections costing £145 per facial area against £450 at regular clinics.

Carrentals




Australian, Asian and African News 

Suning to Continue Expansion after Strong FY

Suning Appliance, China's largest consumer electronics chain in terms of sales, has said it plans to continue growing rapidly, helped by strong growth in the last fiscal year. The chain said it will look to open 370 new outlets in 2011, taking its store total to around 1,700 outlets. That rate will match the figures from 2010, when it opened 396 outlets and shut down 26. The announcement came even as it reported that net profit for 2010 jumped up 38.8% to 4bn yuan (€440m), with revenue up 29.5% to 75.5bn yuan (€8.3bn).

Kam City




Gatekeeper Systems' Loss Prevention and Cart Containment solutions utilize locking wheel technology to reduce shrink by putting an end to cart based shoplifting and shopping cart loss while Cart Management solutions increase safety and reduce labor costs. For over 12 years, Gatekeeper has been committed to quality products backed by expansive service and support capabilities. 19 of the top 20 global retailers that use shopping carts rely on Gatekeeper solutions.
  

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Pushout Theft of the Week
Women Face Charges in $1500 Theft at Target Store

 Police arrested two women Saturday afternoon in connection with allegations that they tried to steal more than $1,500 worth of items from an Eastridge Mall retail store. These women are accused of loading a shopping cart with 123 items and then trying to leave Target without paying for them. The items, when rung up after the fact, totaled $1,548. The employee told authorities he had watched the two women walk through the store and put the items into Target bags inside a shopping cart. The employee claimed that while one of the women picked up the majority of the items and bagged them, the other woman acted as a lookout. The women were stopped by authorities while trying to leave the store without paying. Police also say they found 98 items worth about $1,900 inside the vehicle the women were allegedly riding in. Those items, which were still carrying price tags and "ink security pins," were believed to have come from JC Penney.
  

 

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