Multiformat food and fuel retailer Giant Eagle will be introducing its first discount format Good Cents Grocery + More to the Pittsburgh market Nov. 4.
Procter & Gamble has trimmed its financial outlook for its April-June 2012 quarter and has unveiled preliminary guidance for fiscal year 2013.
99 Cents Only Stores reported that its consolidated net income for the first quarter of fiscal 2012 was $17.7 million, or 25 cents per diluted share, compared with $16.8 million, or 24 cents per diluted share, for the prior year.
Fred's net income increased 16% to $9.5 million, or 24 cents per diluted share, compared with net income of $8.2 million, or 21 cents per diluted share in the year-earlier period.
A regional supermarket chain reported a 3.1% rise in its net sales for the fourth quarter.
99 Cents Only Stores reported that sales for the first quarter increased by 4.6% to $336.6 million and same-store sales increased 2.7%.