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  • Target's May comps miss forecast

    MINNEAPOLIS — Target reported a 2.8% same-store sales increase for May, falling short of Wall Street's expectation for a 3.5% increase, as consumers remained cautious with their spending.

    The retailer reported that net sales for the four-week period were $4.8 billion, an increase of 3.8% from $4.6 billion for the four weeks ended May 29, 2010.

  • Warehouse clubs deliver big comps in May

    ISSAQUAH, Wash. and WESTBOROUGH, Mass. — Costco Wholesale and BJ’s Wholesale reported strong sales growth and produced impressive comps even without the benefit of fuel sales.

    Costco reported that net sales for the month of May increased 17% to $7.14 billion from $6.09 billion last year. This year’s May results period included sales from the company's Mexico joint venture. If these sales are excluded, Costco’s net sales increase would have been 14%.

  • Shaw's Mass. stores recognized for recycling efforts

    WEST BRIDGEWATER, Mass. — Shaw’s Supermarkets announced that its Massachusetts stores have received supermarket recycling program certification from the Massachusetts Department of Environmental Protection.

  • Rite Aid's same-store sales show improvement

    CAMP HILL, Pa. — Same-store sales at Rite Aid increased by 1.3% in May, compared with the year-ago period, the retail pharmacy chain said Thursday.

    Reporting sales for the five-week period that ended May 28, Rite Aid said front-end same-store sales increased 1.8%, while same-store sales in the pharmacy increased by 1%, including a 129-basis-point offset due to introductions of new generic drugs. Prescription count increased 0.1%.

    Total drug store sales during the period were nearly $2.5 billion, a 1% increase over $2.45 billion in May 2010.

  • Sam's Club celebrates men's health with free screenings

    BENTONVILLE, Ark. — To celebrate Men's Health Month, Sam's Club is offering free men's health screening tests this weekend at select stores, which will be sponsored by Unilever brands, including Dove Men's deodorant and body wash.

  • Dr. Sears Family Essentials introduces new Popumz flavors

    IRVINE, Calif. — A line of popped whole grain crisps has expanded to include three new varieties.

    Dr. Sears Family Essentials' Popumz now includes barbecue, ranch and cheddar varieties. The all-natural crisps are packed with protein, fiber and omega-3 DHA, the company said. The new flavors join the current lineup of sweet Popumz flavors of chocolate, vanilla and caramel.

    The new Popumz crisps will retail for $3.99 per box of five 0.75-oz., single-serve bags.

  • Earnings miss doesn’t derail Dollar General’s growth

    GOODLETTSVILLE, Tenn. — Sales and profits continued to pile up at Dollar General during the first quarter as shoppers sought value at the retailer’s 9,500 stores.

    The company reported a 5.4% increase in same-store sales and said total sales increased 10.9% to $3.45 billion during the quarter ended April 29. Profits adjusted to account for several one-time items increased 14% to $166 million, while earnings per share of 48 cents were 2 cents shy of analysts’ consensus estimate due to gross margins pressures.

  • Target reveals initial locations in Canada

    MINNEAPOLIS — Target has unveiled the first wave of the Zellers sites it will be taking over in Canada, representing 105 locations in all 10 Canadian provinces.

    The vast majority of the sites will become Target stores after securing the necessary construction approval for extensive renovation. The stores will open beginning in 2013.

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