News

99 Cents Only reports Q1 sales growth

BY Gail Hoffer

CITY OF COMMERCE, Calif. — 99 Cents Only Stores reported total sales of $368.3 million for the first quarter of fiscal 2012 ended July 2. This represents an increase of 6.3% over total sales of $346.5 million for the same quarter last year.

Eric Schiffer, 99 Cents Only CEO, commented, "In the first quarter, we are pleased to report that we achieved 5.9% same-store sales growth for the full quarter and 2.7% same-store sales growth for the last ten weeks of the quarter starting with Easter Sunday. These sales results are essentially in line with our expectations for the quarter and our guidance for low single-digit growth for the fiscal year and we believe underscore the strength of our business model and our ability to attract new customers in a challenging economic environment."

The company’s overall same-store sales for the first quarter of fiscal 2012 increased 5.9%.

In fiscal 2011, the Easter holiday fell on April 4, 2010 compared to April 24 this year. As a result, the first quarter same-store-sales calculation for the first quarter of fiscal 2012, starting on April 3 and ending on July 2, 2011, includes the three weeks prior to Easter and is being compared with a 13-week period of fiscal 2011 which started on April 4, 2010 and ended on July 3, 2010 and therefore did not include any Easter sales effect, the company reported.

In fiscal 2012, the company currently plans to open 16 new stores, which is a store growth rate of approximately 6%.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Ahold looks to bring in local/diverse suppliers for its stores

BY Alaric DeArment

CARLISLE, Pa. — The U.S. subsidiary of Dutch supermarket operator Royal Ahold is hoping to attract local and diverse suppliers to its stores in the markets in which it operates.

Ahold USA said Thursday that it had its first annual Local/Diverse Business Opportunity Fair last month. The fair attracted participants from more than 140 companies that were given the opportunity to have their products reviewed by Ahold USA procurement teams for placement in more than 750 stores throughout the Northeast and mid-Atlantic.

“At Ahold USA, we maintain a strong commitment to developing business opportunities with women-owned, minority-owned and regional businesses, and supplying their products to our customers,” Ahold USA director of supplier diversity and trade relations James Sturgis said.

Ahold said its Giant-Carlisle and Stop & Shop chains had similar events in previous years, but recent restructuring had provided the opportunity to have an event that would include all the company’s divisions. Ahold operates three supermarket chains — Stop & Shop in the New York metropolitan area and New England; Giant-Landover in Maryland and the Washington, D.C., area; and Giant-Carlisle in Pennsylvania — as well as Peapod, an online grocery shopping and delivery service.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Safeway’s Dominick’s division president resigns

BY DSN STAFF

PLEASANTON, Calif. — Safeway on Thursday announced the resignation of Don Keprta, president of its Chicago-area Dominick’s Finer Foods division. 

"Don has contributed significantly to the Dominick’s stores. His commitment and innovation helped the stores evolve to best serve the Chicagoland customers,” stated Steve Burd, Safeway chairman, president and CEO. “We are fortunate that he has produced a team that is prepared to continue to build on our current momentum.”

As president of Dominick’s since 2005, Keprta is credited with opening a number of new stores, expanding the lifestyle store remodels and improving store operating standards and metrics. As a corporate leader, Keprta also was very active in the community, sitting on a number of committees and boards for charitable organizations in the Chicago area. He also served on the executive committee and retail board for the Illinois Retail Merchants Associations and as a board member for the Chicagoland Chamber of Commerce. 

Brian Baer, Dominick’s CFO and VP finance, will assume the role of acting president of Dominick’s. Baer joined Safeway in 2001 as VP finance for the Phoenix division. In 2004 he became group VP finance, planning and analysis at the company’s corporate office. Baer came to Dominick’s in his current role in 2008. 

Prior to joining Safeway, Baer spent more than 12 years with the Marriott Corp. serving in various financial management positions in operations, corporate finance and real estate development. 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?