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September sales up for Fred’s

BY Allison Cerra

MEMPHIS Fred’s September sales increased 2% for the five-week fiscal month.

Fred’s total sales for the month were $169.5 million, up from $166.6 million in September 2009. Comparable-store sales were flat for the month versus an increase of 3.3% in the same period last year.

During September, Fred’s opened four express pharmacy locations and closed seven stores.

“Our sales plan for September anticipated low comparable-store sales against last year’s heavy demand for H1N1, seasonal flu vaccines and flu-related products,” said Fred’s CEO Bruce Efird. “Importantly, customer traffic continued to strengthen during September, with our Core 5 program driving improved sales and margin mix. As a result, Fred’s performance through the first two months of the quarter is in line with our plans, and we remain confident about our financial guidance for the third quarter.”

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Old Mother Hubbard releases new dog treats

BY Allison Cerra

TEWKSBURY, Mass. Old Mother Hubbard now is offering 15 new varieties of natural dog snacks.

All Old Mother Hubbard snacks are made with natural, nutrient-rich ingredients, such as chicken, cheddar cheese, apples, carrots, sweet potatoes and oatmeal, without any artificial colors or flavors. And each crunchy snack is slowly oven-baked to preserve the mouth-watering flavors that dogs love to catch, chew and eat.

 

Old Mother Hubbard now offers:

  • Two new lines of soft and chewy snacks, which includes three new soft and chewy flavors;
  • Four new crunch varieties for its Mother’s Solutions line;
  • PB hearts;
  • Fish’NWaves;
  • Liv’R’Wedges; and
  • Wheat-free Chick’N’Apples.

Old Mother Hubbard also makes snacks that target specific health issues:

  • Hip and joint;
  • Skin and coat;
  • Tartar control;
  • Minty fresh breath; and
  • Low fat.

 

Old Mother Hubbard natural dog snacks also now sport an updated look, so that dogs and their owners can take a peek at the delicious snacks right inside the bag through its characteristic see-through window.

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Costco does well in Q4, FY2010

BY Alaric DeArment

ISSAQUAH, Wash. — Costco had a big pickup in sales during fourth quarter 2010 and the fiscal year as a whole, according to an earnings report released Wednesday.

The membership-based mass-merchandise retailer reported fourth-quarter sales of $23.59 billion, an 8% increase over $21.89 billion in last year’s fourth quarter. Sales for the entire fiscal year were $76.25 billion, a 9% increase over $69.89 billion in fiscal year 2009.

Profit for the quarter was $432 million, compared with $374 million in fourth quarter 2009. Profit for the fiscal year was $1.3 billion, compared with $1.09 billion in fiscal year 2009.

 

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