Mass Market Retailers articles from August 2003

Mass Market Retailers archives from August 2003

NACDS changes dates. (Industry News).
August 11, 2003... NACDS CHANGES DATES: The National Association of Chain Drug Stores has announced new dates for its 2004 Marketplace Conference. Originally scheduled to begin on Father's Day weekend, the event will now start on Monday, June 21, and run through...

Stater Bros. grows. (Industry News).(Brief Article)
August 11, 2003... STATER BROS. GROWS: Stater Bros. Markets recently announced plans to open three stores in southern California. The newest, a 43,000-square-foot unit set to open next summer, will be located in Beaumont, Calif. The Colton, Calif.-based chain...

Eckerd takes a toll. (Industry News).(partnership with Florida Turnpike Enterprise)(Brief Article)
August 11, 2003... ECKERD TAKES A TOLL: Eckerd Corp. has partnered with Florida's Turnpike Enterprise in a program to let the drug chain sell electronic toll transponders at its 590 stores in the state. Officials say the move marks the first time any turnpike...

Costco cuts outlook. (Industry News).(Brief Article)
August 11, 2003... COSTCO CUTS OUTLOOK: Costco Wholesale Corp. has reduced its earnings guidance for the fourth quarter and fiscal 2003, which ends August 31. Earnings per share for the year have been trimmed from a previous range of $1.56 to $1.58 to $1.48 to...

Wal-Mart moves into Windy City.(Brief Article)
August 11, 2003... CHICAGO -- Wal-Mart Stores Inc. plans to make its Windy City debut by replacing a former shampoo factory on Chicago's west side with a discount store encompassing 150,000 square feet. If approved by the city, the outlet could open by spring...

Albertsons revamps. (Spotlight).(Company Profile)
August 11, 2003... BOISE, Idaho -- Supermarket giant Albertsons Inc.'s battle to cut expenses and increase sales is now being led by a single commander. Chairman and chief executive officer Larry Johnston, who came to the company two years ago from outside...

Top management team is strengthened at Fred's.(Brief Article)
August 11, 2003... MEMPHIS -- Fred's Inc. has realigned its top-level management team by hiring two new executives and promoting three others. The new executives are Julie Boland and Jordan Resnick. Boland has been named vice president of systems development....

Loblaws set to revisit superstores.(signed agreement with United Food and Commercial Workers Union )
August 11, 2003... TORONTO -- In a move that appears intended to steal a march on Wal-Mart Stores Inc., Loblaw Cos. will reintroduce its large superstore format to the province of Ontario late this year. The format, which can already be found in western...

Eagle cuts back, looking for buyer.(Brief Article)
August 11, 2003... MILAN, Ill. -- Eagle Food Centers Inc., which is seeking to sell off its stores in the wake of its Chapter 11 filing in April, has decided to close four underperforming stores. One is located in Princeton, Ill., and the other three are in...

Longs names two to key posts.(Rick Dreiling, executive vice president and chief operations officer, and Bruce Schwallie, promoted to executive vice president and chief merchandising officer)
August 11, 2003... WALNUT CREEK, Calif. -- Longs Drug Stores continues to make changes in its executive ranks with two high-level appointments last month. Rick Dreiling, who was executive vice president of marketing, manufacturing and distribution for Safeway...

GMA reacts to blurring of channels.(gave additional duties to two executives and four staffers)(Brief Article)
August 11, 2003... WASHINGTON -- To better reflect today's cross channel marketplace, the Grocery Manufacturers of America (GMA) has given additional duties to two executives and four other staffers. Each of them now will be responsible for specific trade...

Ad agency, Kmart end relationship.(TBWA/Chiat/Day Inc.)(Brief Article)
August 11, 2003... TROY, Mich. -- Kmart Corp. and its ad agency, Omnicom Group's TBWA/Chiat/Day, have ended their relationship. According to a Kmart spokesman, the chain has not established a timetable for choosing a new agency. Kmart spent $267 million in...

Giant expands D.C. home delivery. (News).(Brief Article)
August 11, 2003... LANDOVER, Md. -- Giant Food Inc., teaming with fellow Ahold USA Inc. division Peapod Inc., is extending home-delivery service to 11 new areas in the Washington, D.C., metropolitan area. "The new service areas are in response to growing...

Scoreboard. (Money News).(retailers and manufacturers)
August 11, 2003... SCOREBOARD Quarter Dollar % RETAILERS Ended Sales Change CVS 06/28 6.44bil + 7.5 drugstore.com (1) 06/29 58.2 mil +22.3 Duane Reade (2) 06/28...

Kmart sees progress in quarter. (Money).
August 11, 2003... TROY, Mich. -- Kmart Holding Corp. generated substantially improved results for the 13 weeks ended April 30--its last quarterly report since emerging from Chapter 11 bankruptcy protection in May. The discounter's net loss for the first...

Safeway has setback. (Spotlight).
August 11, 2003... PLEASANTON, Calif. -- While management continued to blame soft sales on the economy, escalating costs and shrinking margins helped push income from continuing operations at Safeway Inc. down nearly 35% in the second quarter. The company also...

Operating profits fall short at Walgreens. (Money).(Brief Article)
August 11, 2003... DEERFIELD, Ill. -- Walgreen Co. posted yet another double-digit gain in earnings in the three months ended May 31. Nonetheless, the inability of sales growth to fully offset accelerating store-level expenses prevented operating profits from...

Kroger cuts profit forecast. (Money).(Kroger Co.)(Company Profile)
August 11, 2003... CINCINNATI -- Aided by comparisons against a year-ago period that featured a number of special charges, Kroger Co. saw net income grow almost 10% during the first quarter of fiscal 2003. Management, however, was forced to downsize its...

Eastern Europe calls to American retailers. (Opinion).
August 11, 2003... With the Iron Curtain now a memory, Eastern Europe--or the "New Europe" in the words of the Secretary of Defense--beckons to mass market retailers. The question is why American companies remain so conspicuously absent. A new study...

Here's how Tesco's done it. (Opinion).(Company Profile)
August 11, 2003... Once more, the European retailing model of offering consumers a variety of goods, services and retail formats in a variety of global outposts seems to be working to the benefit of the retailer. This approach contrasts sharply with the...

Will Sears Grand be part of the solution? (Opinion).(Company Profile)
August 11, 2003... Buffeted by competition and a changing retail environment, Sears, Roebuck and Co. appears to be a company suffering an identity crisis. To be sure, a number of management's actions--most notably, the divestment of Sears' credit business and...

Carrefour to expand. (Global News).(signed a letter of intent to acquire 44 Treff Marchestores in France )(Brief Article)
August 11, 2003... CARREFOUR TO EXPAND: Carrefour SA has signed a letter of intent to acquire 44 Treff Marchestores in France from German retailer Edeka. The stores, which are in the eastern regions of Alsace, Lorraine and Franche-Comte, will be converted to the...

Tesco growth view. (Global News).(Brief Article)
August 11, 2003... TESCO GROWTH VIEW: According to a new report from IGD, a global grocery industry research organization, Tesco PLC will derive over a third of its sales from its global operations by 2010. Currently its international stores generate 18% of the...

Coles Myer tabs exec. (Global News).(Joe Barberis)(Brief Article)
August 11, 2003... COLES MYER TABS EXEC: Coles Myer Ltd. has named Joe Barberis as managing director of its fuel and convenience store operations. Barberis is a 20-year veteran of Shell Group. In May the Australian retailer partnered with Royal Dutch/Shell Group...

Prototype at Boots. (Global News).(opened a new prototype in Holborn, London)(Brief Article)
August 11, 2003... PROTOTYPE AT BOOTS: Boots PLC has opened a new prototype in Holborn, London, that targets affluent, time-pressed urban workers. Food offerings ranging from sandwiches and snacks to take-home meals play a prominent part in the assortment. The...

Sobeys year results. (Global News).(Brief Article)
August 11, 2003... SOBEYS YEAR RESULTS: Canadian grocer Sobeys Inc. achieved net earnings of $179 million (about $156.5 million U.S.) on sales of $10.4 billion (about $7.44 billion U.S.) during its fiscal year ended May 3. Excluding one-time items, net profit...

At Metro's Extra the future is now. (Spotlight).(Company Profile)
August 11, 2003... "We are... just at the beginning of the technological modernization of retailing. The new technologies will substantially contribute to a change in our current picture of the retailing business. Some of the technological components [in this...

Asda surpasses Sainsbury; is now no. 2 grocer in U.K. (Global).(Brief Article)
August 11, 2003... LONDON -- The Asda unit of Wal-Mart Stores Inc. has passed J. Sainsbury PLC to take the second-largest share of the grocery market in the United Kingdom, according to Taylor Nelson Sofres PLC (TNS). Based on point-of-sale scan data compiled...

Woolworths ends year in good form. (Global).(Brief Article)
August 11, 2003... SYDNEY, Australia -- Woolworths Ltd. registered a 9.6% rise in sales to $26.3 billion (about $17.2 billion U.S.) in the fiscal year ended June 29. Volume from continuing operations climbed 12.2% to $26 billion. "An excellent sales result,...

Ferguson departs Wal-Mart Europe. (Global).(Dave Ferguson)(Brief Article)
August 11, 2003... BENTONVILLE, Ark. -- Dave Ferguson, president and chief executive officer of Wal-Mart Europe, has retired. His position with the subsidiary of the world's largest retailer will not be filled. Instead, Tony DeNunzio, chief executive officer...

Metro outlook bright. (Global).(German's Metro AG has raised its sales and profit)(Brief Article)
August 11, 2003... DUESSELDORF, Germany -- Coming off a strong first half, the management of Metro AG has raised its sales and profit expectations for 2003. For the six months ended June 30 net profit after minority interests increased more than sixfold to...

Revital oral solution. (Merchandising News).(Brief Article)
August 11, 2003... REVITAL ORAL SOLUTION: PTS Labs/ReVital is offering Pediatric Electrolyte, an oral electrolyte solution for children featuring images from the animated television series Blue's Clues. Available in liquid squeezers, nipple-ready singles, liters,...

'Smile Magic' line. (Merchandising News).(by Dental Whitening Corp.)(Brief Article)
August 11, 2003... 'SMILE MAGIC' line: Dental Whitening Corp. of America has expanded its Forever White collection to include Smile Magic, a teeth whitening system that features a line of 3-SKUs with three formulations regular, sensitive and extra-strength....

Children's bandages. (Merchandising News).(by Beiersdorf Inc.)(Brief Article)
August 11, 2003... CHILDREN'S BANDAGES: Beiersdorf Inc. is introducing this month Curad The Cat in the Hat adhesive bandages for children in conjunction with the Thanksgiving release of Universal Studios Dr. Seuss' The Cat in the Hat movie. Beiersdorf Inc., 187...

StarKist tuna trio. (Merchandising News).(Brief Article)
August 11, 2003... STARKIST TUNA TRIO: StarKist Seafood, a division of Del Monte Corp., has introduced StarKist Tuna Creations, a line of three marinated tuna varieties--hickory smoked, zesty lemon pepper and sweet & spicy. Del Monte Corp., 1075 Progress St.,...

'Shanghai Knights'. (Merchandising News).(Brief Article)
August 11, 2003... 'SHANGHAI KNIGHTS': Touchstone Home Entertainment, distributed by Buena Vista Home Entertainment Inc., has released Shanghai Knights on DVD selling for $29.99 and VHS for $24.99. Buena Vista Home Entertainment Inc., 350 South Buena Vista St.,...

POPAI to study the effectiveness of ads in drug stores. (Merchandising).(Point of Purchase Advertising International)(Brief Article)
August 11, 2003... WASHINGTON -- Point of Purchase Advertising International (POPAI) plans to measure how in-store advertising and the placement of product displays influences sales at drug stores. The association is teaming with Walgreen Co., CVS Corp., Rite...

Two points of view on promos. (Spotlight).(trade promotional spending)
August 11, 2003... WILTON, Conn. -- Retailers and manufacturers have clashed for years over trade promotional spending, but a recent report suggests that frustration on both sides has done little to alter the status quo. Cannondale Associates, which just...

Giant tries new roadside stand. (Merchandising).(Brief Article)
August 11, 2003... LANDOVER, Md. -- Ahold USA Inc.'s Giant Food division has decided to promote its produce offerings by emulating the roadside stands where farmers sell their wares. The chain's 193 Giant and Super G stores began offering locally grown...

Wal-Mart Rx program. (Merchandising).(Brief Article)
August 11, 2003... BENTONVILLE, Ark. -- Wal-Mart Stores Inc. has launched an on-line mail-order service aimed at the nation's 15.7 million people with diabetes. Wal-Mart Pharmacy Mail Services, a mail-order pharmacy provided by the retailer, has established...

B-T-S spending is on the rise. (Merchandising).(Back-to-School)(Brief Article)
August 11, 2003... WASHINGTON -- Consumers will spend more than $14 billion on back-to-school merchandise this year, the National Retail Federation (NRF) predicts. The NRF 2003 Back-to-School Consumer Intentions and Actions Survey found that families with...

Keeping the category fresh. (Niche Beauty).(innovative niche products)
August 11, 2003... NEW YORK -- To help boost retailers' beauty department sales, suppliers are offering a variety of innovative products. "Niche items are unique and offer a fresh look at a category, and they get people interested in that category," says...

Fashion trends fuel need for depilatories. (Merchandising).(Depilatories become an increasingly important segment of the beauty industry)
August 11, 2003... NEW YORK -- Depilatories have become an increasingly important segment of the beauty category for manufacturers and retailers, driven in large part by vanity. "Consumers are exposing more skin and are seeking an all-over sleek and smooth...

Markwins' newest lines get strong support. (Merchandising).(Brief Article)
August 11, 2003... CITY OF INDUSTRY, Calif. -- Markwins International Corp. has raised its profile in three important beauty product niches through its acquisition of certain brands and assets from AM Cosmetics Corp. The deal gave Markwins the Black Radiance...

More retailers get into the beauty care fray. (Merchandising).(Brief Article)
August 11, 2003... NEW YORK -- In an attempt to improve profitability and gain a competitive advantage, more and more retailers are trying to create market niches for their own beauty care brands. "Retailers have to differentiate themselves today," maintains...

Sweet Spa extended by Norstar. (Merchandising).(Brief Article)
August 11, 2003... KENOSHA, Wis. -- Norstar CPC has strengthened its position in retailers' nail care sections by introducing two 4-ounce products. They are Sweet Spa Instant Manicure sugar rub and Sweet Spa Instant Pedicure sugar rub. Unlike drying...

Teenagers respond to innovative ideas. (Merchandising).(Brief Article)(Company Profile)
August 11, 2003... VANCOUVER, British Columbia -- Caboodles Cosmetics has created a unique role for itself in the teen beauty business by researching trends among teens and producing innovative and appealing items. The company's success was evident at the...

Diversity means opportunity. (Niche Beauty).(ethnic health and beauty aids business is expanding)
August 11, 2003... NEW YORK -- The ethnic health and beauty aids business is expanding in response to the growing diversity of the United States. Currently about one-third of the nation's population consists of Hispanics, African-Americans and...

Ex-Snyder's exec dies. (People News).(Phil Perkins)(Obituary)
August 11, 2003... EX-SNYDER'S EXEC DIES: Retired Snyder's Drug Stores executive Phil Perkins, who worked for the chain for more than 30 years, died July 21 in Minneapolis. He had been diagnosed with non-Hodgkin's lymphoma seven years ago. He was 55. Perkins...

President for Blistex. (People News).(Michael Donnantuono)(Brief Article)
August 11, 2003... PRESIDENT FOR BLISTEX: Blistex Inc. has appointed Michael Donnantuono president and has also announced his election to the company's board of directors. He succeeds Richard Green, who served as president since 1991 and will continue as chief...

PFI names executives. (People News).(James Ingram and Michael Zeher)(Brief Article)
August 11, 2003... PFI NAMES EXECUTIVES: Pharmaceutical Formulations Inc. has appointed James Ingram chairman of the board and chief executive officer. Michael Zeher has been named president and chief operating officer, and he also will be nominated to the...

Buxbaum promotions. (People News).(David Ellis)(Brief Article)
August 11, 2003... BUXBAUM PROMOTIONS: David Ellis has been promoted to president of Buxbaum Group, while retaining his title and responsibilities as chief operating officer. In addition, company president and chief executive officer Paul Buxbaum is to assume the...

Former retailer dead. (People News).(Ken Dayton)(Obituary)
August 11, 2003... FORMER RETAILER DEAD: Ken Dayton, former chief executive officer of Dayton Hudson Corp., died last month at his Minneapolis home. He was 80. In 1946 he joined the family's Minneapolis store, and in 1976 he retired as chief executive officer. He...

NRF vice presidents. (People News).(Scott Krugman and Craig Shearman )(Brief Article)
August 11, 2003... NRF VICE PRESIDENTS: The National Retail Federation (NRF) has promoted both Scott Krugman and Craig Shearman to vice president of public relations. Previously Krugman served as senior director of industry public relations and Shearman as senior...

Safeway.com a differentiator. (Spotlight).(Company Profile)
August 11, 2003... PLEASANTON, Calif. -- After the debacle of several pure-play E-grocers at the beginning of the millenium, plenty of people were ready to write off the potential of on-line grocery retailing. Mitchell Rhodes, who became president of Safeway.com...

New faces in Winn-Dixie ranks. (People).(Philip Payment, Stan Timbrook and Dedra Dogan )(Brief Article)
August 11, 2003... JACKSONVILLE, Fla. -- Winn-Dixie Stores Inc., which continues to revamp its executive ranks, has announced several new appointments. Philip Payment has been named vice president of central procurement support, with responsibility for...

Bi-Lo/Bruno's taps exec VP. (People).(Sue Warzecka)(Brief Article)
August 11, 2003... MAULDIN, S.C. -- The Bi-Lo/Bruno's division of Ahold USA Inc. has appointed Sue Warzecka to the post of executive vice president of human resources. A graduate of Purdue University with an MBA degree from the University of Chicago,...

Managers are named by ShopKo. (People).(John Dickman and Michael Hatten )(Brief Article)
August 11, 2003... GREEN BAY, Wis. -- ShopKo Stores Inc. has made two managerial appointments within the ShopKo Stores division. John Dickman has been promoted to the post of director of planning and replenishment, with responsibility for the planning,...

Meetings shows. (Topics).
August 11, 2003... AUGUST 2003 7-20--ECRM: Grocery-Center Store, Renaissance Orlando Resort, Orlando, Fla. 23-26--URBAN EXPOSITIONS: Miami International Gift & Decorative Accessories Show, Miami International Merchandise Mart & Radisson Centre, Miami....

IMRA widens scope. (Spotlight).(International Mass Retail Association)(Company Profile)
August 11, 2003... ARLINGTON, Va. -- Like any organization, a trade association must keep pace with the evolving needs of its constituents if it is to remain relevant. That insight is guiding the transformation now under way at the International Mass Retail...

Court okays Penn Traffic financing. (Topics).(Penn Traffic Co. announced bankruptcy)(Brief Article)
August 11, 2003... SYRACUSE, N.Y. -- Penn Traffic Co. has won bankruptcy court approval for $270 million of debtor-in-possession financing. The arrangement will allow the chain, which operates 212 supermarkets in six states, to run its business and pay down...

Meeting to tackle hot topics. (Topics).(Annual Convention and Business Development Forum of the International Mass Retail Association)(Brief Article)
August 11, 2003... ARLINGTON, Va. -- The Annual Convention and Business Development Forum of the International Mass Retail Association (IMRA) will be held September 14 to 16 at the Gaylord Palms Hotel and Convention Center in Orlando, Fla. The specialized...

Site for Hispanics.(Industry News)(Brief Article)
August 25, 2003... SITE FOR HISPANICS: Walgreen Co. has become the first major drug chain to launched an Internet site for Hispanics. The Spanish-language site, WalgreensEspanol.com, provides drug information, a prescription refill form and a store locator. The...

Target warehouse.(Industry News)(Target Corp.)(Brief Article)
August 25, 2003... TARGET WAREHOUSE: Target Corp. has unveiled a regional distribution center in Pennsylvania. The 1.4-million-square-foot warehouse in Chambersburg will service stores in Pennsylvania, New Jersey and New York. Target has invested $125 million in...

Food service sale.(Industry News)(Smart and Final Inc.)(SYSCO Corp.)(Brief Article)
August 25, 2003... FOOD SERVICE SALE: Smart & Final Inc. has agreed to sell its direct-delivery food service business to Sysco Corp. Coupled with its divestment of operations in Florida, the deal further concentrates Smart & Final's focus on its core store...

Cost shift at Kmart.(Industry News)(Kmart Corp.)(Brief Article)
August 25, 2003... COST SHIFT AT KMART: Kmart Corp. has reclassified $83 million of expenses in its quarter ended April 30, saying in a federal filing that they should have been tied to continuing expenses. The expenses had been attributed to discontinued...

Legal battle Pits Yucaipa vs. Safeway.(Brief Article)
August 25, 2003... PLEASANTON, Calif. -- After being sued earlier this month by an investment firm claiming that it was purposely shut out of the bidding for the Dominick's Finer Foods Inc. supermarket chain Safeway Inc. fired back, vowing to countersue. In...

Blackout tests retailers' mettle.(Spotlight)
August 25, 2003... NEW YORK -- Many retailers in the Midwest and Northeast had their bottom lines battered by the power outages that blanketed much of the nation beginning Thursday, August 14. Parts of eight states--Ohio, Michigan, New York, Pennsylvania, New...

BJ's remains bystander in Wal-Mart-Costco price war.(Brief Article)
August 25, 2003... NEW YORK -- BJ's Wholesale Club Inc. is side-stepping a growing price war between competitors Wal-Mart Stores Inc. and Costco Wholesale Corp. While its competitors were battling it out for price leadership, BJ's had its best two months of...

July retail sales a pleasant surprise.
August 25, 2003... NEW YORK -- Retail sales in the United States posted an unexpectedly strong advance in July, with spending on a wide array of products showing significant gains, a report released by the Commerce Department earlier this month shows. Total...

Power loss a 'wake-up call'.(News)
August 25, 2003... NEW YORK -- The mid-August blackout impacted millions of Americans and many industries, including retailing. Its social and economic cost may run as high as $6 billon. Nevertheless, the blackout is not seen as having a major negative...

Scoreboard.(Money News)(Illustration)
August 25, 2003... SCOREBOARD Quarter Dollar % RETAILERS Ended Sales Change Office Max (1) 07/26 1.05 bil + 4.0 J.C. Penney (2) 07/26 7.31 bil + 1.5...

Supervalu declares dividend.(Money News)(Brief Article)
August 25, 2003... SUPERVALU DECLARES DIVIDEND: The board of directors at Supervalu Inc. has declared a regularly quarterly dividend of $0.145 cents per share. The dividend is payable on September 15 to stockholders of record as of the close of business on...

Home Depot improves performance.(Money News)(Brief Article)
August 25, 2003... HOME DEPOT IMPROVES PERFORMANCE: Home Depot Inc. posted a 10% increase in second quarter profits as same-store sales advanced 2.2%. But the company's stock took a hit after its smaller but faster-growing rival Lowe's Cos. posted a 28% profit...

Brighter outlook on Kroger.(Money News)(Brief Article)
August 25, 2003... BRIGHTER OUTLOOK ON KROGER: JP Morgan has raised its rating on Kroger Co. to "neutral" from "underweight."

S&P may cut Winn-Dixie ratings.(Money News)(Brief Article)
August 25, 2003... S&P MAY CUT WINN-DIXIE RATINGS: Standard & Poor's Ratings Services has announced that it has put its ratings on Winn-Dixie Stores Inc. on CreditWatcb with negative implications. "The company will need to invest substantially in better pricing...

Biggest gainers.(Money News)(Illustration)
August 25, 2003... BIGGEST GAINERS Close Change % Stock 08/08/03 vs. 07/25/03 Change Value City 2.46 +0.41 +20.0 Smart & Final 6.01 +0.97...

Biggest losers.(Money News)(Illustration)
August 25, 2003... BIGGEST LOSERS Close Change % Stock 08/08/03 vs. 07/25/03 Change drugstore.com 4.55 -1.15 -20.2 Costco 29.22 -7.31...

Most active.(Money News)(Illustration)
August 25, 2003... MOST ACTIVE Vol. (000) As a % Change vs. 1 Wk. Ended of Total 1 Wk. Ended Stock 08/08/03 Shares 07/25/03 Costco 108,690 ...

Winn-Dixie encounters difficulties.(Money)
August 25, 2003... JACKSONVILLE, Fla. -- Its fourth quarter operating results tumbling in the wake of slumping comparable-store sales, Winn-Dixie Stores Inc. listed tepid results for fiscal 2003 and warned of more troubles for the year ahead. These...

Wal-Mart rolls on.(Spotlight)
August 25, 2003... BENTONVILLE, Ark. -- After announcing solid, double-digit growth for the quarter ended July 31, Wal-Mart Stores Inc. advised that it now looks for fiscal 2003 earnings to come in on the top end of prior forecasts. Income from continuing...

CVS net rises 13.3% in quarter.(Money)(CVS Corp.)
August 25, 2003... WOONSOCKET, R.I. -- Benefiting from healthy growth in sales and margins, CVS Corp. enjoyed a double-digit rise in earnings for the second quarter and the first half of fiscal 2003. On a per share basis the quarterly results beat by a penny the...

MMR index *.(mass market retailing)(Illustration)
August 25, 2003... MMR Index * Month DJIA Supers Discount Drug July '02 834.8 807.9 2,800.8 1,767.1 Aug. 827.8 772.7 3,009.9 1,758.0 Sept. 725.4 699.6 2,748.9 1,553.1 Oct. ...

Mass retail stocks up in July.(Money)
August 25, 2003... NEW YORK -- Mass market retailing shares rose across the board in July as investors continued to bid up shares on the rising prospects of accelerated economic growth in 2003 and 2004. As a result, discount chain shares reached their highest...