Costco posts boost in sales for July
ISSAQUAH, Wash. — Costco announced on Thursday that sales for the month of July rose 7% as same-store sales climbed 4%.
For the four weeks ended Aug. 4, sales rose 7% to $7.87 billion. Same-store sales for the company rose 4%, while same-store sales for the United States also rose 4%.
Costco currently operates 632 warehouses, including 451 in the United States and Puerto Rico, 85 in Canada, 33 in Mexico, 25 in the United Kingdom, 17 in Japan, nine in Taiwan, nine in Korea and three in Australia. The company plans to open up to an additional two new warehouses prior to the end of its fiscal year on Sept. 1.
Campbell completes acquisition of Kelsen Group
CAMDEN, N.J. — Campbell Soup Co. has completed the acquisition of Kelsen Group A/S, a producer of baked snacks, including the Kjeldsens and Royal Dansk brands, sold in 85 countries around the world.
Based in Denmark, Kelsen is a provider in the assortment segment of the sweet biscuits category in China and Hong Kong, where growth in sweet biscuits is outpacing the growth of the $60 billion global sweet biscuits market.
Campbell will operate Kelsen as a standalone business, reporting to Luca Mignini, president of Campbell International. Senior members of Kelsen’s management team, including Brian Rønsholdt, CEO of Kelsen Group, will continue to lead the business.
Ritzman Pharmacies looks to acquire Mast Pharmacies
WADSWORTH, Ohio — Ritzman Pharmacies, which operates 20 pharmacies, including 11 pharmacies located within Buehler’s Fresh Foods Markets, is looking to acquire Mast Pharmacies.
"For 33 years, Mast Pharmacies has strived to always put the customer first. We are looking for this merger to provide the best for Mast customers and staff, continuing our tradition of customer service. I am confident that Ritzman will provide this," stated Rod Mast, owner of Mast Pharmacy.
Eric Graf, CEO and co-owner of Ritzman Pharmacies, added, "Mast and Ritzman are both locally owned businesses that share the same values, which makes this collaboration a natural fit." Mast Pharmacies operates five pharmacies in Ohio. The first Mast pharmacy began taking care of customers in 1981.
Ritzman’s pharmacy locations reach south to Delaware, Ohio, and north to Brunswick, Ohio. In addition to its retail pharmacy locations, Ritzman also operates a specialty packaging pharmacy and a home infusion pharmacy.