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Family Dollar board member passes away

BY Dan Berthiaume

MATTHEWS, N.C. — Family Dollar Stores has announced the passing of Mark Bernstein, a member of the company's board of directors, on April 27. Bernstein was among Family Dollar’s longest-tenured board members, having joined the board in 1980.
 
Bernstein most recently served as lead director from 2004 to January 2013.
 
“We are deeply saddened by Mark’s death,” said Howard Levine, Family Dollar’s CEO and chairman of the board. “Mark served on our board for more than thirty years, including nine years as lead director, and his commitment to Family Dollar was unwavering. I am personally grateful for Mark’s years of service and guidance. He was a great champion of our business, and he will truly be missed.”
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Supervalu net earnings slip in Q4

BY Dan Berthiaume

MINNEAPOLIS — Net earnings at Supervalu Inc. fell 14% to $36 million in the fourth quarter of fiscal 2014 from $42 million in the identical period a year earlier. Higher selling and administrative expenses, including store closure and benefit costs, helped reduce profits.

Net sales were $4.36 billion, 10% higher than $3.95 billion. The addition of a 53rd week in the fiscal year, strong performance at the Save-A-Lot and Retail Food banners, and a supply chain services agreement with the Haggen grocery chain in the Northwest helped boost sales performance.

“We finished the year with a strong quarter, highlighted by positive identical store sales at both Save-A-Lot and Retail Food as well as the transition of the first stores in our important new relationship with Haggen,” said president and CEO Sam Duncan. “Overall, fiscal 2015 was a year of strategic investment in all three of our business segments and I’m pleased with how these investments have positioned us for growth in fiscal 2016.”

During the full fiscal year, net income septupled to $700,000 from $100,000. Net sales increased 4% to $17.82 million from $17.15 million.

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Hy-Vee launches online shopping service

BY Gina Acosta

WEST DES MOINES, Iowa — Hy-Vee is joining the legion of grocery chains with online ordering, delivery and store pickup.
 
According to KCCI-TV in Des Moines, Iowa, the regional supermarket is rolling out a service called Aisles Online in select stores.
 
The news site quotes Hy-Vee as saying that the average order has about 30 items and takes a worker about a half-hour to compile. The items are scanned, loaded up and delivered. Or customers can pick them up at the store. Delivery costs $4.95 per order, and pick-up costs $2.95 per order, with the charges dropped for orders of $100 or more.

A FAQ of the new service can be found here

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