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Mass Market Retailers back issues
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New date for FMI.(INDUSTRY NEWS)(Conference notes)
June 1, 2009... NEW DATE FOR FMI: The Food Marketing Institute has rescheduled its Future Connect conference for October 12 through October 14 at the Hyatt Regency Hotel in Dallas. The supermarket industry's first leadership talent development conference was postponed from its original May dates due to the...
Third beauty 360 unit.(INDUSTRY NEWS)
June 1, 2009... THIRD BEAUTY 360 UNIT: CVS Caremark Corp. has opened its third Beauty 360 prestige beauty care store in Ridgefield, Conn. Like the first two outlets in Washington, D.C., and Mission Viejo, Calif., the store is adjacent to a CVS/ pharmacy unit and connected to it by a breezeway. The latest...
A&P ratings slashed.(INDUSTRY NEWS)
June 1, 2009... A&P RATINGS SLASHED: Moody's Investors Service has lowered its rating outlook on A&P to "negative" from "stable," citing ongoing negative same-store sales and weak cash flow generation. A&P recently posted a fourth quarter loss of $111.1 million, or $4.15 per share, as same-store sales...
Target results exceed analysts' expectations.(revenue report)(Financial report)(Brief article)
June 1, 2009... MINNEAPOLIS -- TargetCorp.'s first quarter profit was down 13% compared to last year, to $522 million, but the company beat analysts' estimates in part because of cost-control measures.
Sales were flat, and same-store sales declined 3.7%.
"Our first quarter earnings per share reflect...
BJ's earnings up 41% in qtr.(Financial report)
June 1, 2009... NATICK, Mass. -- BJ's Wholesale Club Inc. has turned in another industry-leading performance as deal-seeking consumers flock to its stores.
For the first quarter ended May 2, BJ's reported a profit of $24.3 million, up 41% from the same period last year. Net sales edged up just 0.2% for...