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Costco notes 11% jump in Q2

BY Alaric DeArment

ISSAQUAH, Wash. Costco got an 11% boost in sales for the second quarter of fiscal year 2010, compared with second quarter 2009, according to financial results announced Wednesday by the membership-based mass merchandising chain.

The company had $18.36 billion in sales, compared with $16.49 billion in second quarter 2009. Sales for the first half of fiscal year 2010 were $35.28 billion, an 8% increase over $32.52 in the second half of fiscal year 2009.

Profits for the quarter were $299 million, compared with $239 million in second quarter 2009, while year-to-date profits for the first half of the fiscal year were $565 million, compared with $502 million during the same period last year.

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Yaksitch named VP marketing and merchandising for Albertsons’ Dallas-Fort Worth division

BY Antoinette Alexander

FORT WORTH, Texas Albertsons’ Dallas-Fort Worth division has named Frank Yaksitch as VP marketing and merchandising, effective March 12, according to published reports.

Yaksitch, who has been with Albertsons for more than 35 years, most recently served as SVP of operations for Albertsons Intermountain West division.

During his tenure with Albertsons, Yaksitch has also held a variety of increasingly responsible positions, including store director and district manager.

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Walgreens’ monthly sales rise

BY Allison Cerra

DEERFIELD, Ill. Walgreens had February sales of $5.31 billion, an increase of 3.2% from $5.14 billion for the same month in 2009.

The drug store chain also reported that its same-store sales increased 0.4%.

February pharmacy sales increased 3.7%, while comparable pharmacy sales increased 0.9%. Comparable pharmacy sales were negatively affected by 2.4 percentage points due to generic drug introductions in the last 12 months and a lower incidence of flu compared with February 2009. Pharmacy sales accounted for 64.5% of total sales for the month.

Total front-end sales increased 4.5% in February, while comparable store front-end sales decreased 0.6%, which the company said were impacted by continued weak demand for discretionary items and by lower incidence of flu.

Year-to-date sales for fiscal 2010 for the first six months totaled $33.34 billion, up 6.1% from the same period last year.

In the month of February, the chain opened seven stores, acquired 11 and closed one. At Feb. 28, Walgreens operated 7,679 locations in all 50 states, the District of Columbia, Puerto Rico and Guam.

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