Spartan Stores adds two new members to board
GRAND RAPIDS, Mich. Spartan Stores’ board of directors has grown with the appointment of two new members, the retailer announced Thursday.
The appointments of Wendy Beck and Yvonne Jackson expanded the total number of directors to 10, with eight independent directors. Beck is the EVP and CFO of Norwegian Cruise Line, while Jackson currently is president of management and human resources consulting company Beecher Jackson. Jackson also serves as chair of the company’s compensation committee on the board of Winn-Dixie.
“Wendy and Yvonne are excellent director additions that will augment our highly skilled board,” said Craig Sturken, Spartan Stores’ executive chairman. “Both have achieved great career success, bring relevant and extensive public company experience, are a good fit with our corporate culture and further diversify our board members’ skills, perspectives and experience. We welcome them to our board and look forward to their contributions toward our future growth and business success.”
Save-A-Lot opens distribution center
ST. LOUIS Supervalu subsidiary and hard-discount grocery retailer Save-A-Lot will open a new distribution center in North Carolina.
The retailer said its 325,000-sq.-ft. distribution center in Lexington, N.C., is scheduled to open in December 2011. The new building will be a state-of-the-art food distribution center utilizing the latest in green technologies, including lights that only operate when a person is present and an HVAC system that uses smart thermostats, Save-A-Lot said.
“The Lexington distribution center will enable us to serve our current stores more efficiently and at the same time, grow our business in the region,” said Bill Shaner, Save-A-Lot president and CEO.
Save-A-Lot operates approximately 1,200 stores in 39 states, and said it plans to double the number of stores it operates nationally over the next five years.
Safeway’s Q3 down 4.5%
PLEASANTON, Calif. — Safeway on Thursday reported net income of $122.8 million for the third quarter ended Sept. 11, down 4.5% as compared with the year-ago period. Results for the third quarter included $12 million in employee severance charges, offset by a lower tax rate, compared with third quarter 2009.
"Our third-quarter results were in line with our expectations," stated Steve Burd, chairman, president and CEO. "The trend in price per item improved during the quarter. … We continue to tailor our offerings to the changing needs of our customers, with innovative consumer brand launches of Refreshe beverages and In-Kind personal care products, while offering lower everyday prices and attractive club card specials."
Total sales were down 1% to $9.4 billion in the third quarter. Same-store sales were down 2% due to a decline in price-per-item.