Asda to Create 7,000 Jobs
London Asda, Britain’s second-biggest grocer, plans to create about 7,000 jobs this year and committed to recruiting up to 3,000 long-term unemployed people for existing vacancies.
The chain, owned by Wal-Mart Stores, said on Wednesday it would create 3,700 new jobs with the opening of nine new food stores, five new non-food Asda Living stores and extending 15 existing stores.
An additional 2,000 jobs will be created by expanding its home shopping business Asda.com, with approximately 1,000 more through organic growth and 120 in its pharmacies and optical centers.
In total, Asda will create 580,000 sq. ft. of new store space in 2009, it said in a statement.
Tuesday Morning suffers 2Q loss
DALLAS Tuesday Morning reported that as previously announced, net sales for the second quarter of fiscal 2009 were $272.7 million compared to $308.7 million for the quarter ended Dec. 31, 2007, a decrease of 11.7%. Comparable-store sales decreased 14.9% for the quarter compared to the same quarter in the prior year.
According to the company, the decrease in comparable-store sales was comprised of a 9.6% decrease in traffic and a 5.3% decrease in average ticket.
Net income for the second quarter was $12.7 million or 31 cents per diluted share, compared to $20.5 million or 50 cents per diluted share during the same quarter last year.
Kathleen Mason, president and CEO, stated, “The December 2008 quarter was reported as the most difficult retail holiday season on record. While consumers remain cautious, we remain focused on preserving our strong balance sheet, managing inventory levels and generating positive cash flow.”
Obama figurine added to Chia product line
SAN FRANCISCO Joseph Enterprises, makers of the Chia Pet line of products, has introduced the Chia Obama, in honor of the 44th U.S. president.
The Special Edition CHIA OBAMA is a handmade decorative figurine in the likeness of President Barack Obama.