Price Chopper to offer eco-friendly print cartridge refilling
BENNINGTON, Vt. Price Chopper is offering its customers a chance to refill their printer cartridges while they shop, due to a company agreement with iFill Inkjets to offer the service, according to reports.
The program, as of now, is operating at 26 Price Chopper stores, since it began in April. With the expansion of the program, Mark Tremont, owner of iFill Inkjets, says he is now able to reach communities he could never reach before. He pointed out the competition in the market, as Walgreens and Office Max both also offer refills to some inkjet cartridges.
Price Chopper is touting the program as a method of being more eco-friendly. The company also has a “bag-to-bag” program, which allows customers to purchase reusable bags. Reports also state that Price Chopper will be starting to develop a new energy-efficient headquarters in Schenectady, N.Y.
Target sees disappointing Q3 sales
MINNEAPOLIS Target has released its third quarter results for the period ended Nov. 3, 2007. The net earnings were $483 million compared to the third quarter of 2006, which saw earnings of $506 million.
Total revenues in the third quarter increased 9.3 percent to $14.8 billion from $13.6 billion in 2006, reflecting a 3.7 percent increase in comparable-store sales combined with the contribution from new stores and credit card operations. The contribution from the company’s credit card operations to the third-quarter earnings before taxes was $157 million, an increase of $23 million, or 17.1 percent, from the same period in 2006.
“Our third-quarter earnings were disappointing due to soft sales in our higher margin categories, leading to lower-than-expected gross margin in our core retail operations,” said Bob Ulrich, chairman and chief executive officer. “However, we have not observed any meaningful change in the intensity of the competitive environment and continue to believe that we are well-positioned to operate in a variety of sales environments going forward.”
The company also announced that its board of directors has authorized a new $10 billion share repurchase program, replacing the previous authorization.
Kroger to build DC on former brownfield site
CINCINNATI Cincinnati-based Kroger has signed a $207 million lease for a 552,000 square-foot warehouse and distribution center in Paramount, Calif., the Cincinnati Busines Courier reported this week.
Two Kroger divisions, Ralphs and Food 4 Less, will use the location, a former brownfield site, as a hub to serve more than 360 locations in California. The center is expected to begin operations in the third quarter of 2008.
Kroger operates more than 2,400 supermarkets and multidepartment stores in 31 states.