Price Chopper opens store in South Burlington, Vt., promotes EatingWell resources
SOUTH BURLINGTON, Vt. Price Chopper Supermarkets opened a 37,000-square-foot super center Tuesday in South Burlington, Vt. In accordance with the grocery store chain’s recent agreement with the EatingWell Media Group, various EatingWell recipes, health guides, cookbooks and magazines will be displayed throughout the store, and health tips and information will be added to the Healthy U page of Price Chopper’s Web site.
The new, South Burlington store will also be included in the grocery’s recently developed “Fuel AdvantEdge,” savings/reward program, which gives buyers 10 cents off every gallon of gas for every $50 of food purchased from Price Chopper. The store is hiring approximately 150 full and part-time employees.
Supervalu boosting brand image with national campaign
MINNEAPOLIS Supervalu’s leadership is preparing to take the company’s branding in a new direction, Supervalu chief executive officer Jeff Noddle said Tuesday in his keynote speech at the Morgan Stanley Global Consumer and Retail Conference.
The company is putting emphasis on its affordable grocery items and easy to find locations with a new tagline: “Just around the corner.” The new tag has been launched in a campaign including national ads, direct mailings and direct-to-consumer circulars.
Supervalu has said that later this year more of the “just around the corner” buzz will be released via TV and radio ads and billboard.
The grocery giant has also said that it is dedicating more energy to speedy checkout and overall cleanliness and quality in each of its stores. There is also a push towards updating store technology. Noddle also said that his company is expanding its offerings to new communities with new store formats, such as the smaller, market-like Urban Fresh by Jewel store recently opened in the Chicago market.
Noddle also told the crowd at his keynote speech that Supervalu’s capital spending for the next year will range between $1.2 and $1.3 billion range. Most of the monies will be directed toward store capital, he said, as well as rebuild and remodeling projects.
Ahold reports results for 3Q 2008
AMSTERDAM, Netherlands Ahold, a company that owns and operates hundreds of supermarkets in the United States as well as Europe under Stop & Shop, Peapod, Giant-Landover grocery brand banners, has reported its earnings for the third quarter 2008.
Ahold reported earnings of 7.6 percent for the quarter. Ahold reported that its operating costs total 262 million euros ($327.9 million U.S. dollars), up 26 million (EU), or about 10 percent.
Ahold reported its net income totaled 195 million EU (U.S. $244 million.), which was down 19 million EU (U.S. $23.8 million), or about 10 percent.
“We delivered a solid performance in our third quarter. I was particularly pleased with the increase in identical sales at Stop & Shop and Giant-Landover as a result of the actions we have taken under the Value Improvement Program over the last two years,” Ahold chief executive officer John Rishton said. “The company has a healthy balance sheet and is well-positioned to offer value to our customers in the current economic environment. The price investments made in recent years have strengthened the competitive position of all our banners, but we remain vigilant and will respond to changes in consumer and competitor behavior.
“Underlying retail operating margin guidance for the year remains unchanged at 4.8 percent- 5.3 percent.”
The company also said that same store sales at Stop & Shop and Giant-Landover stores had improved. And that underlying retail operating margin guidance for the period remained the same.