Hy-Vee COO to take helm
WEST DES MOINES, Iowa — After announcing the retirement of its leader last December, Hy-Vee has named a new chairman and CEO.
The retailer said its president and COO, Randy Edeker, will become chairman, president and CEO, effective June 1. Edeker, 30-year veteran of Hy-Vee, replaces Ric Jurgens, who has served as Hy-Vee CEO since 2003 and chairman since 2006. Back in December 2011, Jurgens announced his intention to retire and nominate Edeker as his successor.
With his election as chairman and CEO, Edeker becomes only the fourth company officer to hold those titles since Hy-Vee’s founding in 1930.
"I have been truly blessed to be allowed to assume this role, leading the most incredible group of dedicated, hard-working people," Edeker said. "I am both honored and humbled to follow in the footsteps of Hy-Vee’s great leaders, including the man who has caringly mentored me for the past eight years, Ric Jurgens. We will remain diligent in upholding the core values our founders set forth for us and delivering great service, great value and a helpful smile."
Added Jurgens, "It has been my privilege to serve Hy-Vee and our customers for over 43 years," he said. "I’m eternally grateful for the support and guidance given to me by our employees throughout our eight-state area. Since I’ve given my entire working life to Hy-Vee, the future of our company is very important to me. I retire with great confidence knowing that we have a strong, talented leader in Randy Edeker, and knowing he is surrounded by an outstanding team of executives at every level who will make Hy-Vee even better in the years to come."
Costco sales, income up in Q3
ISSAQUAH, Wash. — Costco reported net sales of nearly $21.9 billion for the third quarter, an 8% increase over sales of about $20.2 billion for the same period last year.
Comparable-club sales for the quarter increased 5%, which consisted of a 5% increase in the United States and a 5% increase internationally. Excluding the impact of fuel, total comps were still up 5%, however U.S. comps were 4% and international comps were 8% when adjusted for gasoline inflation.
Net income for the quarter was $386 million, or 88 cents per diluted share, compared with $324 million, or 73 cents per diluted share, last year.
Costco currently operates 602 warehouses, including 435 in the United States and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in the United Kingdom, 13 in Japan, eight in Taiwan, seven in Korea and three in Australia.
Energizer to launch new charging solutions
NEW ORLEANS — Energizer showcased its new line of portable chargers earlier this month at the International CTIA Wireless Conference’s MobileFocus event in New Orleans.
The chargers, which are expected to roll out this year, feature sleek, ergonomic designs, along with blue LED charging and battery status indicators. The products on display were:
Energizer instant charger: Available for iPhone, iPod and micro USB devices, use AA Energizer Ultimate Lithium batteries to increase the run time of smartphones;
Energizer portable smartphone charger: Featuring a 2500 mAh lithium-ion battery that more than doubles the run time of most smartphones, this charger provides reusable and rechargeable power. Other features for this pocket-sized charger include magnetic cable clips to more easily manage cords and an auto shut-off when the phone is disconnected;
The Energizer multiport charger offers dual ports to provide users with the ability to simultaneously charge two devices and includes a rechargeable 5000 mAh lithium-ion battery; and
The Energizer Charging case, made for iPhone 4 and iPhone 4S and available in white and black, protects the iPhone while adding close to a full charge and also features an on/off switch that allows users to save battery life for when they need it most.
In addition to the aforementioned innovations, Energizer also presented a lineup of USB chargers, including the 5W premium USB wall charger, 5W premium USB car charger, 10W premium USB wall charger and the 10W premium USB car charger. The USB chargers now are available at retail.