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Publix posts Q2 sales of $7.5 billion, up 6.6%

BY Michael Johnsen

LAKELAND, Fla. — Publix’ sales for the second quarter of 2014 totaled $7.5 billion, representing a 6.6% increase from last year’s $7 billion. Sales for the second quarter of 2014 were positively impacted 1.3% due to the Easter holiday being in the second quarter of 2014 but in the first quarter of 2013. Comparable-store sales for the second quarter of 2014 increased 6.3%.
 
Publix’ sales for the first half of 2014 were $15.3 billion, a 5.3% increase. Comparable-store sales for the first half of 2014 increased 5.1%.
 
Effective Aug. 1, 2014, Publix’s stock price increased from $32.50 per share to $33.85 per share. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.
 
“This is our eighth consecutive quarter with an increase in our stock price,” stated Publix CEO Ed Crenshaw. “Our associate owners deserve the credit for continuing to make us a leader in our industry.”
 
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BareMinerals opens new concept shop in NYC’s Soho

BY Antoinette Alexander

SAN FRANCISCO — BareMinerals is inviting women to experience a new way to shop with the introduction of the brand’s first-ever bareMinerals Shade Shop, which opened its doors Friday in the heart of Soho in New York City.

The new concept shop heroes the brand’s complexion products and exudes its California heritage. Conceptualized as a new way to shop, bareMinerals complexion assortment is merchandised by shade family — light, medium, tan, dark and deep — in a streamlined, easy-to-navigate environment. The store design allows women to find everything they need for a flawless-looking complexion in one location, specifically curated for her skin tone, and will also feature a rotating color bar to complete her look. Designed as a playground to test new concepts, the brand will refresh the shop seasonally, with the first transformation taking place in November.

“We embraced elements and moments that are true to the heart and soul of our brand by creating a space inspired by our home on the Northern California coastline through fresh and natural materials that are both unexpected and inviting,” explained Michelle Boudreau, senior director of global visual merchandising and store design.

The open and airy, gallery-like bi-level space utilizes raw, natural elements such as wood, polished concrete and repurposed brass fixtures. One wall is dedicated to portraits featuring women (both models and the brand’s employees) with responses to the question “What makes you feel beautiful?” inviting the community to #bareyourself and share their answers as well.

With women being at the heart of the brand, the loft-level floor of the bareMinerals Shade will be used exclusively for special events and community activities such as artistry workshops, girlfriend parties and inspired conversations with Leslie Blodgett, creator of bareMinerals, throughout the shop’s two year duration.

Timed to launch on Friday to coincide with National Girlfriends Day, the Shade Shop opening will be a weekend-long celebration full of surprises, including a chance for one customer to win a trip for her and her best friend to the brand’s hometown of San Francisco.
 

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P&G’s Lafley: Company delivered fiscal year commitments

BY Antoinette Alexander

CINCINNATI — Despite a challenging retail environment, Procter & Gamble delivered “top and bottom line commitments for the fiscal year,” said chairman, president, and CEO A.G. Lafley

For fiscal year 2014 core earnings per share of $4.22, an increase of 5% versus the prior year. Excluding the impact of foreign exchange, currency-neutral core earnings per share increased 14%. Diluted net earnings per share were $4.01, an increase of 4%. Organic sales grew 3%, driven by 3% unit volume growth. Net sales were $83.1 billion, an increase of 1% versus the prior year, including a negative two-percentage point impact from foreign exchange.

For the fourth quarter, core earnings per share were 95 cents, an increase of 20% versus the prior year period. Excluding the impact of foreign exchange, currency-neutral core earnings per share increased 25%. Diluted net earnings per share were 89 cents, an increase of 39% percent. Organic sales grew 2%, including a two-percentage point benefit from pricing. Shipment volume was in-line with prior year levels.

Net sales were $20.2 billion, a decrease of 1% versus the prior year period, including a negative two-percentage point impact from foreign exchange and a modest negative impact from minor divestitures, the company stated.

“We met our objectives in a very difficult operating environment, delivered strong constant currency earnings growth, and built on our strong track record of cash returns to shareholders. Still, we have more work to do to deliver the profitable sales growth and strong cash productivity we are capable of delivering. We will discuss our going-forward strategy and plans to further strengthen our results during our earnings call this morning,” Lafley stated.

For fiscal 2014, beauty segment organic sales were flat with gains from market growth and product and commercial innovation in hair care, deodorants and personal cleansing offset by sales decreases in salon professional and skin care from competitive activity and market contraction.

Grooming segment organic sales increased 3% due to higher pricing and innovation on blades and razors and appliances, which was partially offset by negative geographic and product mix from disproportionate growth in developing markets and disposables, P&G stated.
 

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