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Target expands in-store TV system to offer health-and-wellness information

BY Alaric DeArment

NEW YORK Target hopes to promote health and wellness through an expansion of its in-store television system.

The chain has offered its Channel Red service in stores since 2005, when it debuted in the electronics departments. Feedback from customers has been favorable so far. Target began expanding it to pharmacy departments in 100 stores in February.

The service advertises various products, emphasizing those related to health and wellness.

Based in Minneapolis, Target operates 1,613 stores in 47 states.

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Wegmans surveys consumers on greeting card preferences

BY Alaric DeArment

NEW YORK Grocery chain Wegmans Food Markets wants to know what consumers look for when buying greeting cards, according to published reports.

The chain is soliciting responses to an online survey through its email newsletter, asking shoppers what kind of experience they want when they buy greeting cards. It is also asking them whether they have bought greeting cards, magazines, books or stationery since the beginning of the year.

Headquartered in Rochester, N.Y., Wegmans is a family-owned company operating 70 stores in New York, New Jersey, Pennsylvania, Maryland and Virginia.

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Costco Q3 earnings jump 32 percent

BY Doug Desjardins

ISSAQUAH, Wash. Costco reported a 32 percent increase in earnings for its third quarter led by sales of fresh foods and basic household items.

Costco reported net income of $295.1 million for the quarter with sale increasing 13 percent to $16.26 billion. Same store sales at it U.S. stores rose 4 percent excluding gas price inflation. The company did not break out pharmacy sales during May 29 earnings call.

Costco chief financial officer Richard Galanti said food sales were a strong area once again for the warehouse club as shoppers continued to buy in bulk as a hedge against inflation. He said sales of jewelry, home-furnishings and discretionary items in general were weaker.

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