OPERATIONS

Ahold USA names president of Giant-Landover

BY Staff Writer

Carlisle, Pa. — Ahold USA announced that Gordon Reid will join the company’s Giant-Landover division as president, effective Nov. 4. He most recently served as group director for commercial services for Dairy Farm International, which operates more than 5,600 retail outlets throughout Asia.

Reid replaces Bhavdeep Singh, who has served as interim president since September. Singh continues to serve as executive VP, operations, Ahold USA.

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FINANCE

Publix Q3 profit edges down

BY Marianne Wilson

Lakeland, Fla. — Publix reported net earnings for the third quarter fell 2.3% to $359.9 million, compared to $368.4 million in the year ago period.

Sales for the third quarter were $7 billion, up 5.6% from last year’s $6.7 billion. Same-store sales rose 4.1%.

“I’m very pleased we had another significant increase in our stock price, resulting in a 33 percent increase in our stock price over the last year,” said CEO Ed Crenshaw. “Our associates continue to deliver premier customer service, the key to our success.”

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FINANCE

Rite Aid same-store sales climb

BY Dan Berthiaume

Camp Hill, Pa. – Rite Aid reported a same-store sales increase of 2.1% for October 2013 as compared to the same month in the prior year. Front-end same-store sales actually decreased 0.6%, but gains of 3.4% in pharmacy same-store sales and a 1.1% jump in prescription count drove the total growth.

The company estimates that the cycling of the impact of pre-storm sales on prior year’s results had a negative impact of 1.4% on front-end same store sales results and 0.3% on comparable store prescription count growth, as prior year results benefited from an increase in sales in the days immediately preceding Superstorm Sandy. Rite Aid anticipates that the cycling of the impact of Superstorm Sandy will have a positive impact on November’s sales results.

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