Safeway raises more than $10.1 million for prostate cancer research
PLEASANTON, Calif. — Safeway on Monday announced that its month-long prostate cancer campaign raised nearly $10.1 million as part of the company’s ongoing effort to fund research geared toward finding a cure for the leading cancer affecting men.
“We are grateful to our customers for their extraordinary generosity,” Safeway EVP and chair of the Safeway Foundation Larree Renda said. “Thanks to their contributions, we are funding leading-edge research at some of the nation’s top cancer centers and helping researchers move closer to a cure for prostate cancer. Our employees are important ambassadors for the cause and also deserve a great deal of credit for the success of this effort.”
For more than a decade, Safeway has dedicated the entire month of June to raising funds at its stores, production facilities and corporate offices for prostate cancer research. The company works with the Prostate Cancer Foundation to identify and provide grants for promising research.
Throughout the prostate cancer campaign, the company’s U.S. and Canadian stores provide customers an opportunity to make donations at the checkstand when shopping at their local Safeway, Dominick’s, Randalls, Tom Thumb, Genuardi’s, Vons, Pavilions, Carrs and Pak N Save stores.
Along with prostate cancer research, Safeway is one of the largest corporate supporters of breast cancer research, having raised nearly $94 million for that cause. In addition, the company contributes to a broad range of charitable and community programs and in 2010 raised or donated more than $200 million to education, hunger relief, health and human services, and programs focused on assisting people with disabilities, the grocer stated.
No comments found
Report: Walmart may be eyeing Rite Aid
NEW YORK — Rumors have been circulating that Walmart may be out to buy Rite Aid, though nothing has been confirmed yet, according to published reports.
Crain’s New York Business reported Sunday that the rumors surfaced because many thought the idea would make sense, considering Walmart’s ambitions to enter the New York market have been dashed by local labor unions, while Rite Aid continues to have issues with debt and store closings. A purchase of Rite Aid, analysts said, would boost Walmart’s sales — which have been in decline lately — and give it a huge presence in the city, where the retail pharmacy chain operates nearly 200 stores.
But in addition to not talking to Crain’s, Rite Aid didn’t comment to Drug Store News about the rumors either because, at least for the time being, that’s just what they are: rumors.
And whatever the future holds, Rite Aid’s moves as of late don’t suggest it’s looking to sell itself. While many — including an analyst quoted in the Crain’s article — have suggested that the chain sell off its West Coast stores, it has consistently refused to do so. It recently converted one West Coast store, in Newport Beach, Calif., to its new Wellness store format, which is part of the chain’s broader effort to pursue organic growth; that effort includes plans to remodel about 500 stores during fiscal year 2012.
While all the Wellness stores except the Newport Beach one are on the East Coast, the fact that it has one in California indicates that it’s looking to improve its West Coast business rather than let go of it.
Adam, I agree. But it would sure give Walmart a significant advantage in a number of areas. Clearly the inner city markets as well as extended coverage to offer employers with a direct relationship. Not to mention the opportunity to continue the development of the small store format.
Anything is possible, I suppose, but I didn't see a single credible fact in the Crain's article. Read it for yourself here: http://www.crainsnewyork.com/article/20110717/SUB/110719927 (Hey, DBN, why not publish the original link?) Just my $0.02, but Rite-Aid is not in danger of going bankrupt because of last summer's debt restructuring. See Rite-Aid Postpones Judgment Day (Again) Adam
Q2 sales gain momentum at Weis
SUNBURY, Pa. — Weis Markets on Monday reported its second-quarter sales increased 3.5% to $676.7 million, while its comparable-store sales for the period increased 5.1%.
For the 13-week period ended June 25, the company’s net income increased 0.9% to $20.7 million, compared with $20.5 million in 2010, while earnings per share increased to 77 cents, compared with 76 cents in 2010.
Weis attributed its sales increases to grand openings in three key markets, successful sales building programs, operational improvements at store level and improved administrative expense management.
"One year ago, we generated record earnings in the second quarter when our company posted a 35% increase in net income,” Weis president and CEO David Hepfinger said. “We have now improved upon those results while posting strong sales and comparable-store sales gains," he said. "We continue to invest in our growth through the upgrade of our store base and disciplined sales-building programs, which have helped us achieve our results. We also continue to benefit from improved productivity and efficiencies at store and distribution levels."
No comments found