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Safeway supports schools with annual savings program

BY Allison Cerra

PLEASANTON, Calif. Safeway has kicked off its sixth annual 10% Goes Back to Schools program, which supports education throughout the United States.

Now through Sept. 14, the 10% Goes Back to Schools program will donate 10% of the sale price of more than 2,300 selected products to local schools designated by customers. Since 2005, Safeway’s 10% Goes Back to Schools program has raised more than $15 million for schools.

“School districts have sent out an S.O.S. in the name of children who need our help in attaining an education,” said Mike Minasi, president of marketing for Safeway. “It makes sense for businesses to make a financial commitment to education, because today’s students are tomorrow’s workforce. We see this as an investment in the future of our communities.”

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Fisher-Price’s iconic record player returns to retail

BY Allison Cerra

SOUTHAMPTON, Pa. Fisher-Price’s iconic Music Box record player is returning to retail shelves after a 30-year absence.

The preschool toy features a classic wind-up mechanism that plays the records as they spin around the turntable. Each player comes complete with five individual records featuring 10 songs (two songs per record), and features a convenient compartment for storing the records and built-in handle for tunes on the go. Featured songs include: “Humpty Dumpty,” “Jack and Jill,” “Twinkle, Twinkle Little Star,” “Farmer In the Dell,” “Where Oh Where Has My Little Dog Gone,” “London Bridge,” “Camptown Races,” “Children’s Marching Song (This Old Man),” “Hickory Dickory Dock” and “Au Clair De La Lune.”

The record player will begin its rollout exclusively at Target stores nationwide.

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Economic downturn takes hold of Stater Bros.’ Q3 earnings

BY Allison Cerra

SAN BERNARDINO, Calif. A regional supermarket chain experienced declines across the board during its third quarter ended June 27.

Consolidated sales for Stater Bros. dropped $28.6 million to $900 million in the third quarter after selling its Santee Dairies assets in the first quarter, the company said. Supermarket sales for the quarter also dropped $5.6 million, or 0.61%, compared with the same period of fiscal 2009. Additionally, same-store sales decreased 1.19%, or $10.8 million for the thirteen weeks ended June 27, compared with the third quarter 2009. Stater Bros. said its overall net income for the third quarter totaled $6 million compared, with $15.1 million in the year-ago period.

Jack Brown, Stater Bros. chairman, president and CEO, said the economic downturn impacted its customers’ budgets but said its customer loyalty has made it a successful business.

“A cornerstone of our business strategy is to retain their loyalty by providing them the best value possible which includes not only being competitive on price, but also providing our customers with unparalleled customer service. We are sacrificing gross profit in the short term in order to retain our customers in the long term,” Brown said. “We remain focused on controlling our operating cost while providing our customers with the hometown service they have come to expect and the low prices they need on each visit to their Stater Bros. supermarket.”

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