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Dollar General reports 3Q sales increase of 10.5%

BY Michael Johnsen

GOODLETTSVILLE, Tenn. — Dollar General on Thursday reported $4.4 billion in sales, up 10.5%, for the company’s third quarter ended Nov. 1. Same-store sales increased 4.4%, with increases in both customer traffic and average transaction value, the dollar store operator reported.

"Dollar General once again delivered strong results in the third quarter, even in the face of an ongoing challenging consumer environment," Rick Dreiling, Dollar General’s chairman and CEO said. "Our merchandising initiatives have continued to be successful in driving traffic and sales," he said. "Looking ahead, while we are cautious on the current macroeconomic trends, we remain excited about the long-term growth prospects for our business."

Consumables sales continued to increase at a higher rate than non-consumables in the 2013 third quarter, with the most significant growth due to strong sales of tobacco products, perishables and candy and snacks. Same-store sales growth was solid in seasonal and home products, while apparel sales were affected by a planned merchandising initiative that reduced apparel inventories in more than 4,000 stores during the 2013 third quarter, Dollar General stated.

 

 

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McKesson announces voluntary takeover offer to acquire Celesio

BY Michael Johnsen

SAN FRANCISCO — McKesson on Thursday announced that the company has launched the voluntary public takeover offer for the outstanding shares of Celesio through its indirect, wholly-owned subsidiary Dragonfly in connection with the announcement on Oct. 24 of McKesson’s agreement to acquire Celesio.

The publication of the offer document for the takeover offer has been approved by the Bundesanstalt für Finanzdienstleistungsaufsicht and is now available on GlobalHealthcareLeader.com in German and in an English translation. 

Celesio shareholders can now accept the takeover offer and tender their shares in Celesio at the offer price of 23 Euros per share ($31.29 per share). The acceptance period will end on Jan. 9.

 

 

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Giant Eagle opens latest prototype

BY Michael Johnsen

PITTSBURGH — Giant Eagle opened its latest prototype — the Market District Express — in McMurray, Pa., on Wednesday, according to a report published in the Pittsburgh Post-Gazette

"If Giant Eagle’s foodie-oriented, upscale version of its grocery stores had a fling with one of its better-dressed GetGo convenience stores, the result might be the Market District Express," the Post-Gazette observed. 

The latest prototype is a 15,500-square-foot restaurant-pharmacy-market designed to be the local neighborhood store.

According to the report, Giant Eagle has plans in place to open one Market District Express format in Cleveland and one in the Columbus area. 

 

 

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