BJ’s Wholesale Club reports 3Q results; plans expansion
NATICK, Ma. In its third quarter company call, BJ’s Wholesale Club executives told stockholders that the company is planning for greater expansion over the course of the year than previously considered.
BJ’s will open three more stores by the close of the current fiscal year, and, the company plans to open eight new stores in fiscal 2009, the company said.
In the conference call, the company said that net sales for third quarter 2008 totaled about $2.4 billion, up13.4 percent from third quarter 2007. The hike in gas prices padded net income so the total reported for third quarter was $28.2 million, up from $22.7 million at the same time the year prior.
Same store sales, not including gas, were up 6.6 percent, total comp increase of 11.9 percent, the company said. The wholesale chain reported that food comp sales were up 11 percent. General merchandise sales were down 1 percent, the company reported.
Anheuser-Busch goes greener by slashing landfill waste
ST. LOUIS Anheuser-Busch has announced that it will have reduced the amount of waste that its facilities send to landfills by 22 percent—or around 2,400 tons—from the previous year by the end of 2008.
The reduction in landfill waste is part of a company-wide effort to switch solid waste byproducts to recyclable materials, and cut down on excesses in packaging, reports said.
A-B has said that its plants are now reusing and recycling such items as aluminum, cardboard, metal, plastic strapping for cases, office supplies, pallets, plastic shrink wrap, and other materials.
A-B has also stated a commitment to reducing the greenhouse gases it produced to be about 5 percent less than levels recorded in 2005 levels by 2010 in all of its U.S. plants and facilities.
Price Chopper opens store in South Burlington, Vt., promotes EatingWell resources
SOUTH BURLINGTON, Vt. Price Chopper Supermarkets opened a 37,000-square-foot super center Tuesday in South Burlington, Vt. In accordance with the grocery store chain’s recent agreement with the EatingWell Media Group, various EatingWell recipes, health guides, cookbooks and magazines will be displayed throughout the store, and health tips and information will be added to the Healthy U page of Price Chopper’s Web site.
The new, South Burlington store will also be included in the grocery’s recently developed “Fuel AdvantEdge,” savings/reward program, which gives buyers 10 cents off every gallon of gas for every $50 of food purchased from Price Chopper. The store is hiring approximately 150 full and part-time employees.