News

Stater Bros. releases Q4, full-year results

BY Allison Cerra

SAN BERNARDINO, Calif. — Fourth quarter and fiscal year 2011 both proved positive for Stater Bros., the regional supermarket chain announced Tuesday.

For the fourth quarter ended Sept. 25, the retailer saw a 5% increase in sales to $941.9 million, compared with the year-ago period. For the 52-week fiscal year, sales rose 2.4% to $3.7 billion, the company said. Same-store sales for the fourth quarter and fiscal year experienced a 5% and 2.5% jump in same-store sales, respectively.

Net income for the fourth quarter rose to $6.5 million from $5.9 million in the year-ago period, while fiscal year 2011 net income rose to $26.3 million from $24.6 million in the 2010 fiscal year.

"The economy in our marketing area remains challenging, and we continue to focus on the value we can pass on to our ‘valued customers’ to assist them and their families during these difficult times, so they can get the most out of their shopping dollars," Stater Bros. chairman, president and CEO Jack Brown said. "Our ‘valued customers’ deserve a friendly and satisfying experience on each and every one of their visits to our supermarkets. It is our mission to control costs where we are able as we weather the effect of these tough economic times."

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

News

ShopperTrak notes retail sales rise second week of December

BY Allison Cerra

CHICAGO — A new report by ShopperTrak found that sales continue to rise despite flat year-over-year figures.

Sales for the week ended Dec. 10 rose 10.6% above the prior week, while year-over-year sales saw a decline of 1.9%. The drop, which followed a 0.2% year-over-year increase during the week ended Dec. 3, is not an indication that holiday sales will be dismal this year; the firm suggested that it may have been caused by the shifting dates of Hanukkah — moving from Dec. 1 in 2010 to Dec. 20 this year.

ShopperTrak also noted that there are several shopping days left, including this weekend’s "Super Saturday," and that November GAFO estimates showed sales rose 4.1% year-over-year. ShopperTrak previously had published a conservative forecast for year-over-year sales, stating that they would increase 3% throughout the holiday season.

“Last week’s strong week-over-week retail sales increase is an indication of things to come,” ShopperTrak founder Bill Martin said. “Retailers will see sales increases all the way up to Christmas Day and the end of Hanukkah. As these important days get closer, shoppers will concentrate on completing their holiday shopping and year-over-year losses will be wiped out.

“There is still a lot of holiday shopping left,” Martin said. “Retailers who accurately monitor daily foot-traffic and make appropriate staffing and inventory adjustments to assist the season’s focused, value-driven buyers will succeed.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

News

Safeway names president of grocer’s Denver division

BY Michael Johnsen

PLEASANTON, Calif. — Safeway on Tuesday named Al Duran to the role of president of the company’s Denver division. He replaces Scott Grimmett, who is leaving Safeway for an opportunity with a noncompeting food retailer, the company stated.

"Al’s results-oriented leadership style and experience on both the retail and the marketing side of our business will serve him well in his new assignment," Safeway chairman, president and CEO Steve Burd said. "He is also a Colorado native and knows that market well."

Duran joined Safeway’s Denver division in 1979, and worked his way through the company’s ranks including senior retail operations and marketing positions in the Safeway’s Phoenix and Dominick’s divisions. He joined Safeway’s corporate team in 2009 as VP retail Initiatives.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES