Spartan announces plans for acquired Felpausch stores
GRAND RAPIDS, Mich. Spartan Stores is focusing on integrating its newly acquired Felpausch grocery stores into its network during the second half of its 2008 fiscal year.
Spartan expects the Hastings-based, 20-store Felpausch acquisition in June to add about $85 million in sales during the fiscal year. About $4 million to $5 million will be spent, with five store remodelings during the next two quarters.
During last week’s conference call, which discussed the company’s second quarter earnings, officials told analysts that they plan to spend $1.5 million to $2 million for merchandise changes, store remodeling and employee training in its third and fourth quarters.
Spartan, known as the country’s 10th-largest grocery distributor, with close to 400 independent grocery stores as customers in Michigan, Indiana and Ohio, also owns 88 grocery stores in Michigan and 14 drug stores in Ohio, including Family Fare Supermarkets, D&W Fresh Markets, Glen’s Markets, Felpausch Food Centers and The Pharm.
Spartan plans to renovate the stores and rename them either Family Fare or D&W, depending on market demographics.
Spartan reported that its net sales for the quarter reached a six-year high, with $627.1 million, or a 13.5 percent increase over the $552.6 million for the same time period last year.
Net earnings for the second quarter reached $9.1 million, or 42 cents per share, compared to $9.3 million, or 44 cents per share last year.
IRI hosts town meetng for Wal-Mart suppliers
CHICAGO Information Resources Inc. is a hosting a Wal-Mart Supplier Town Hall Meeting to show the latest innovations in product assortment and space planning solutions to help suppliers grow their business with Wal-Mart.
IRI will address its partnership with Bentonville Software Associates that will align the customer data and space planning processes that use each company’s software. Wal-Mart relies on these companies to help their suppliers improve category performance and reduce internal labor costs. The software from the companies also streamlines data integration, sales forecasting, as well as evaluates profitability and out of stocks.
The meeting will take place on Oct. 30th in Rogers, Ariz. From 8-11:30 a.m. CST.
Educational children’s book about hemophilia published by Bayer and BioRx
CINCINNATI Bayer HealthCare and BioRx, a specialty pharmaceutical company, have joined together to publish a children’s book about hemophilia.
Written by Chris Perretti Barnes, the mother of a young boy with hemophilia A, I AM NATE is the second in a series of books intended to educate children about hemophilia.
“For children living with hemophilia, learning and talking about hemophilia and inhibitors can be overwhelming, confusing, and scary,” said Barnes. “I AM NATE can help parents open up lines of communication with their child and begin a discussion in a friendly, fun, and safe way. It is wonderful that both Bayer and BioRx value educating youth in the hemophilia community.”
Hemophilia is an inherited blood disorder characterized by prolonged or spontaneous bleeding, especially into the muscles, joints or internal organs that effects about 17,000 Americans. Deficient or defective blood coagulation proteins, known as factor VIII or IX, cause the disease. The most common form of the disease is hemophilia A, or classic hemophilia, in which the clotting factor VIII is either deficient or defective. Hemophilia B is characterized by deficient or defective factor IX.