Report: Hy-Vee reaches agreement for first Twin Cities location
WEST DES MOINES, Iowa — Grocer Hy-Vee, which operates more than 230 stores and generates sales of more than $8 billion, has reached a deal for its first Twin Cities location, according to a local news report.
According to a report by the Minneapolis/St. Paul Business Journal, the company has reached an agreement with New Hope’s city council and will buy land once occupied by a Kmart.
Hy-Vee is looking to build a 90,000-sq.-ft. grocery store and 3,000-sq.-ft. gas station at the site.
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Costco sees lift in June sales
ISSAQUAH, Wash. — Costco reported on Thursday a 10% boost in June sales as same-store sales climbed 6%.
Net sales for the month totaled $10.9 billion, an increase of 10% from $9.9 billion in the year-ago period. Both years' five-week periods included 34 selling days in Canada and the United States, reflecting the observance of Canada Day and Independence Day in the United States, respectively.
In the United States, same-store sales rose 6% and total company same-store sales also rose 6% during the month.