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A&P turns to technology provider Galleria to optimize merchandising strategy

BY Antoinette Alexander

CHICAGO — Galleria Retail Technology Solutions, a provider of retail and category optimization solutions, has announced that grocer A&P has chosen Galleria to help optimize its merchandising strategy and improve the customer experience within its more than 300 Northeast and Mid-Atlantic stores.

A&P will roll out several of Galleria’s solutions throughout its family of supermarkets.

“A&P is continuing to become a more innovative retailer that is dedicated to providing its customers with an outstanding shopping experience,” stated Bryan Eckhoff, Galleria’s EVP sales and account management in North America. “We are delighted to work with A&P to provide a full range of retail and category optimization solutions, and we are confident that the implementation will enable A&P to achieve its goals.”
 

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Report: Kodak to file for Chapter 11

BY Allison Cerra

ROCHESTER, N.Y. — Rumors are swirling that Kodak moments may be no more.

According to published reports, the more-than-one-century-old company is looking to seek bankruptcy protection. The Wall Street Journal reported that could file for Chapter 11 bankruptcy this month or in early February and that Kodak was scrambling to sell some of its patents, though a Kodak spokesperson told the publication that "does not comment on market rumor or speculation."

In December, the company announced the sale of its Eastman Gelatine subsidiary.

Meawhile, Kodak earlier this week said that it received a continued listing standards notice from the New York Stock Exchange because the average closing price of the company’s common stock was less than $1 per share over a period of 30 consecutive trading days. On Wednesday, Kodak announced it would release its fourth-quarter earnings on Jan. 26.

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Costco reports December sales

BY Allison Cerra

ISSAQUAH, Wash. — Net sales for Costco rose 9% in December to nearly $10.1 billion, the company announced Thursday.

The company also reported that U.S. comparable-store sales and international comps rose 7$ and 9%, respectively, during the five-week period. Excluding gasoline price increases and a slightly negative impact of foreign-currency translations, the quarter’s same-store sales rose 7%, Costco noted.

Costco currently operates 598 warehouses, including 433 in the United States and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in the United Kingdom, 11 in Japan, eight in Taiwan, seven in Korea and three in Australia.

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