Census Bureau reports retail sales for June
WASHINGTON The Census Bureau announced that advance estimates of retail and food services sales for June dropped 0.5% to $360.2 billion, compared with the previous month. However, sales rose 4.8% when compared with the year-ago period.
The Census Bureau also disclosed that total sales for the April through June 2010 period were up 6.8% from the same period a year ago, perhaps showing that an economic turnaround indeed is underway.
In related news, advance estimates were not available for drug store sales, although the Census Bureau noted that the market share for this business sector has remained relatively the same from month to month. Health and personal care stores saw a near 0.5% gain, increasing from $21.6 to $21.7 million. Grocery stores, however, dropped from $43.6 million to nearly $43.4 million.
“Today’s data shows consumers continue to take a cautious approach towards shopping,” said NRF president and CEO Matt Shay. “However, growth in key areas such as electronics, apparel and department stores is an encouraging sign as we enter the back-to-school shopping season.”
Weis Markets reports rise in Q2 net income
SUNBURY, Pa. Weis Markets reported Monday that its second-quarter net income rose to $20.5 million in the quarter ended June 26, compared with net income of $15.2 million a year earlier.
The company credits improvements in efficiencies and sales for the rise in profit.
Revenue increased 6.2% to $653.7 million. Same-store sales remained unchanged compared to the same period a year ago.
“It is clear the economy continues to be a major concern for our customers, who continue to be extremely cautious in their spending,” said David J. Hepfinger, Weis Markets’ president and CEO.
Weis Markets operates 164 stores in Pennsylvania, Maryland, New York, New Jersey and West Virginia.
Nice-Pak develops ‘zero landfill’ facility
NEW YORK Nice-Pak Products is focusing on sustainability and waste reduction by turning its Green Bay, Wis., manufacturing plant into a “zero landfill” facility.
“We are putting our sustainable and non-recyclable waste to good use by converting it into fuel pellets that will be consumed in industrial boilers to produce cleaner energy in the form of electricity,” said Brad Zenko, senior director of operations. “Converting our waste into fuel pellets eliminates approximately 50,000 cubic feet of landfill per year and replaces approximately one million pounds of coal per year.”
Nice-Pak, is one of the largest global producer of premoistened wipes, including brands such as the original Wet-Nap moist towelettes, Sani-Hands instant hand sanitizing wipes, and Sani-Cloth germicidal disposable wipes.