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Amazon.com 2Q sales up 41%

BY CSA STAFF

SEATTLE Amazon.com announced that net sales increased 41% to $4.06 billion in the second quarter, compared with $2.89 billion in second quarter 2007.

Operating income increased 86% to $217 million in the second quarter compared with $116 million in second quarter 2007.

Net income increased 102% to $158 million in the second quarter, or 37 cents per diluted share, compared with net income of $78 million, or 19 cents per diluted share, in second quarter 2007.

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Zahari named president and ceo of Lalique North America

BY CSA STAFF

NEW YORK According to reports, Maz Zouhari has been named president and ceo of Lalique North America.

Zouhairi was previously serving as vp of sales and marketing. He succeeds Guillaume Gauthereau.

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Supervalu reports 9% net earnings increase

BY CSA STAFF

MINNEAPOLIS Supervalu reported sales and earnings for the first quarter of fiscal 2009. The company reported first quarter net sales of $13.3 billion compared to $13.3 billion last year, net earnings of $162 million, an increase of 9% compared to $148 million last year, and diluted earnings per share of 76 cents, an increase of 10% compared to 69 cents last year.

Jeff Noddle, Supervalu chairman and ceo said, While we are pleased with our record results and the continued progress of the Albertsons integration, the ongoing weakness in the economy combined with higher food and energy inflation has created conditions that make us take a more cautious view for the balance of the fiscal year. In light of the macroeconomic environment, we have updated our guidance and are responding with tighter expense controls and other cost-savings activities. We remain confident that we are doing the right things for the long-term health of our business and are effectively managing those factors under our control in order to create a foundation for sales momentum and future growth. 

The company said it expects earnings per diluted share for fiscal 2009 to be in the range of $3 to $3.16 per diluted share. Identical-stores sales growth, excluding fuel, is now projected to be approximately 0.5% compared to previous guidance of 1% to 2%.

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