-
Safeway names new Eastern Division president
PLEASANTON, Calif. — Safeway on Tuesday evening announced the appointment of Brian Baer to president of the company's Eastern Division.
"Brian's proven management skills and experience will serve our customer base well in the Eastern Division," stated Kelly Griffith, Safeway EVP retail operations.
-
Costco reports profit of $425 million in first quarter 2014
ISSAQUAH, Wash. — Costco Wholesale Corp. had sales of $24.47 billion in first quarter 2014, the club retailer said.
The results, announced Wednesday, were an increase from the $23.20 billion reported in first quarter 2013 and produced a profit of $425 million, compared with the $416 profit last year.
Same-store sales for the quarter increased by 3%, including 3% in the United States and 1% in stores abroad.
While profits increased over the last quarter, the company's earnings per share of 96 cents fell short of the $1.03 expected by analysts.