The decision to shutter remaining stores in California comes even as adjustments to promotions and pricing helped drive impressive fourth-quarter results.
The deep freeze hitting much of the United States this winter helped Fred’s improve its same-store sales.
Roundy’s reported net income of $7.5 million in the fourth quarter of fiscal 2014, more than double $3.5 million in the same quarter the prior fiscal year.
Rite Aid sees increase in year-to-date comps as total sales increase 3.7%.
Costco sees a lift in second-quarter sales and net income benefits from a tax benefit.
Kroger CEO Rodney McMullen declared 2014 an outstanding year and it is easy to see why after the nation’s leading supermarket operator again surpassed performance expectations.
Target chairman and CEO Brian Cornell unveiled a wide-ranging growth strategy.
Valeant Pharmaceuticals bolsters GI franchise in a $14.5 billion deal to acquire Salix Pharmaceuticals.
Walmart will invest $1 billion in employee base in an effort to improve the customer experience.
Fred's Super Dollar earlier this week reported $138.8 million in January sales, up 3%.