New Scotch product sticks to eco-friendly attributes
ST. PAUL, Minn. — 3M announced that it has launched the first-of-its-kind Scotch Magic eco-friendly tape.
Scotch Magic eco-friendly tape — which includes a refillable dispenser, packaging and tape — is made from more than 75% renewable or recycled materials, the company reported. The boxed refill roll, including packaging, is made from more than 65% renewable or recycled materials.
“We’re so excited to offer an eco-friendly version of the Scotch Magic tape people know, love and use on a daily basis,” said Pete Ley, business unit manager for Scotch home and office tapes at 3M. “We believe this is a great innovation during a time when people really are looking for those everyday things they can do to lessen their impact on the environment.”
Scotch Magic eco-friendly tape is available for a suggested retail price of between $2 and $4 for the refillable dispenser, which comes with a 600-in. roll of eco-friendly tape, and between $5 and $7 for a two-pack of 900-in. refill rolls of eco-friendly tape.
Stop & Shop brings back annual Triple Winner Game
FAIRFIELD, Conn. — Stop & Shop’s New York metro division has kicked off a fundraising campaign to benefit pediatric cancer patients at Memorial Sloan-Kettering Cancer Center.
The supermarket retailer said its annual Triple Winner Game — which has raised more than $50 million since 1991 — provides customers who make a $1 contribution to Memorial Sloan-Kettering Cancer Center with a Triple Winner scratch ticket, giving them the opportunity to win free store products, gift cards or cash prizes up to $10,000.
"Stop & Shop is enormously proud to be part of the team that is forcing pediatric cancer to retreat," said Ron Onorato, division president of Stop & Shop’s New York metro division. "Triple Winner has become a campaign that has saved lives, created research paths and provided genuine hope to families waiting for a cure. There is now a proud and growing ‘Triple Winner’ family of young people who have a bright future because we have been able to put dollars into cancer treatment and research. I can’t think of a better reward for everyone who continues to make this campaign a success."
Strong Q4 sales keep 99 Cents a hot commodity
CITY OF COMMERCE, Calif. — Even with an extra week in this year’s reporting period, 99 Cents Only Stores reported a total sales increase for it fiscal fourth quarter. The company reported total sales of $378.5 million for the 14-week fourth quarter of fiscal 2011 ended April 2, 2011, compared with $339.3 million for the 13-week fourth quarter in the prior fiscal year.
The company reported a same-store sales increase of 0.5% for the quarter. Excluding Texas operations, comps were up 0.7%.
Eric Schiffer, CEO, commented, "Our fourth quarter same-store sales growth was 0.5%, on a comparable 13-week basis, which was in line with our expectations. We are encouraged that our same-store sales improved compared to the third quarter of fiscal 2011."
99 Cents Only said it opened five stores during the fourth quarter. This includes three in California, one in Arizona and the re-opening of one company-owned store in Texas. The gross and saleable retail square footage at the end of the fourth quarter were 6.05 million and 4.76 million, respectively. This represents an increase of 3.3% for each of gross and saleable square footage and an increase of 3.6% in the store count over last year, based on 285 stores, the company reported.
For fiscal 2011, the company reported that total sales were $1.4 billion, compared with $1.35 billion for the prior-year period. Same-store sales for fiscal 2011 increased 0.7% compared with the same period in the prior fiscal year. For the company’s non-Texas operations, same-store sales increased 0.8% in fiscal 2011.
Last month, 99 Cents Only received a buyout offer from Leonard Green & Partners. If the company continues to produce strong sales, 99 Cents could remain attractive to potential buyers.