Corporate realignment costs, particularly severance, increased net loss at Fairway Group Holdings Corp., the parent company of Fairway Market, during the second quarter of fiscal 2015.
Halloween fell on a Friday this year, producing a negative “Hollow Halloween” effect on store sales on Saturday, Nov. 1, according to analysis from RetailNext.
Whole Foods Market reported that its net income rose a better-than-expected 5.8% to $128 million in its fiscal fourth quarter, ended Sept. 28, 2014, from $121 million in the year-ago period.
Delhaize Group has signed an agreement to sell its Bottom Dollar Food stores to deep-discount grocer Aldi Inc. for approximately $15 million, including the assumption of associated lease liabilities.
Roundy’s Inc. swung to a net loss of $249.9 million in the third quarter of fiscal 2014 from net income of $3.2 million the same quarter a year earlier.
Shrink—including shoplifting, employee or supplier fraud and administrative errors—cost the global retail industry more than $128 billion last year, with $42 billion lost in the United States alone.
Online retailer Zulily Inc. shrank its net loss to $795 million in the third quarter of fiscal 2014 from $2.25 billion the same period the prior year.
Same-store sales at Walgreen Co. grew 5.6% in October. Total sales were $6.8 billion, an increase of 6.9% from $6.36 billion for the same month in fiscal 2014.
Office Depot on Tuesday reported better-than-expected results for third quarter and raised its outlook for the year.