Stater Bros. reports Q1
SAN BERNARDINO, Calif. — Stater Bros. reported its first-quarter sales for fiscal year 2012 on Tuesday.
First-quarter sales rose 6.86% to $960.7 million, compared with the year-ago period, while same-store sales also increased 6.86% to $61.7 million. The company also reported net income for the 13-week first quarter ended Dec. 25 totaled $9 million, compared with net income of $2.8 million during the 13-week first quarter ended Dec. 26, 2010.
"In the first quarter of fiscal 2012, our ‘valued customers’ and new customers have continued to respond favorably to our marketing plan of providing them with low prices, quality and value that they experience on each of their visits to our supermarkets," Stater Bros. chairman, president and CEO Jack Brown said. "During these continuing tough economic times that has had such a negative effect on our customers’ family budgets, we remain committed to providing value so our customers get the most out of their shopping dollars as we help share their financial burden."
Walmart Canada goes on offensive ahead of Target arrival
MISSISSAUGA, Ontario — Walmart isn’t about to let the grass grow under its feet in Canada. The discounter plans to spend about $753 million this fiscal year to expand its store presence in Canada, before rival Target begins its push in the country.
The plans call for at least 73 projects — including new store builds, store expansions, remodels, and relocations — during the fiscal year that ends Jan. 31, 2013. The program will add 4.6 million sq. ft. of retail space to Walmart Canada’s operations, and up its store count to more than 375. The company currently has 333 stores in the country.
The move will put Walmart ahead of competitor Target, which has launched a Canadian debut that calls for 125 to 135 stores by early 2013.
NRF launches video contest in line with ‘Retail Means Jobs’ campaign
WASHINGTON — The National Retail Federation is taking its "Retail Means Jobs" campaign one step further with the launch of a video contest.
The "This is Retail" video contest looks to highlight the important role retail plays in the U.S. economy by offering a variety of career choices and employment opportunities, NRF said. Retail employees or business owners can submit a two-minute video sharing their retail story; winners of the contest will be awarded $50,000.
"We’re on a hunt to find the best retail stories in America — from marketing geniuses to customer service superstars to small business owners, who are the fabric of every local community,” NRF president and CEO Matthew Shay said. “NRF’s ‘This is Retail’ contest will put a face on an industry that is seamlessly woven into the fabric of America and influences every aspect of our life and culture — from commerce and fashion to real estate and public policy.”
For additional contest details and submission guidelines, visit RetailMeansJobs.com/contest.