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Bebe sees slowed sales in Q1; in hunt for CEO

BY Katherine Boccaccio

Brisbane, Calif. — Fashion retailer Bebe reported Wednesday that total sales for the first quarter fell 9.4% to $105.1 million. Same-store sales dropped 8.7%, missing expectations of a more moderate 6.8% decline.

The 250-store chain has officially launched a search for a new CEO, announcing on Wednesday it has retained Russell Reynolds Associates to lead the effort. Former CEO Gregory Scott resigned the post in January 2009, and founder Manny Mashouf has been serving in an interim capacity since that time.

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Family Dollar profit edges up in Q4; to open 500 stores in 2013

BY Katherine Boccaccio

Matthews, N.C. — Family Dollar Stores reported Wednesday that net income for the quarter ended Aug. 25 inched up to $80.9 million, from $79.8 million in the same period last year. Results were impacted by an $11.5 million litigation charge stemming from the preliminary settlement of a lawsuit in New York.

Sales for the quarter rose 10.8% to $2.36 billion, a record for the company, and same-store sales increased 5.4%.

The discounter told investors that it plans to open 500 new stores in fiscal 2013, and will close between 70 and 90 units. CapEx of $600 million to $650 million will support the store openings, renovations, merchandising initiatives and expansion of the supply chain in 2013.

For the full year 2012, Family Dollar recorded a profit of $422.2 million, up from $388.4 million, sales increased 9.2% to $9.33 billion and same-store sales rose 4.7%.

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Association offers tips on recycling grocery plastic

BY CSA STAFF

WASHINGTON, D.C. — The Association of Postconsumer Plastics Recyclers has launched new online resources to help grocery chains recycle more of the plastic containers they use and empty onsite. The program is aimed at recycling the more than 350 million pounds of plastic containers that are discarded annually by grocery stores across the United States.

“Plastic containers represent a valuable resource for recyclers and a potential revenue stream for the grocers who collect and recycle them,” said Steve Alexander, president and CEO of APR.

According to APR, used plastic containers are primarily generated in a store’s bakery, deli, seafood and pharmacy departments. Because many stores already have programs that recycle cardboard and plastic film, expanding those programs to also include plastic containers is a natural fit, the organization said.

“Many grocery chains have excellent recycling programs already in place. Our new program makes it easy for grocers to generate additional value and strengthen their sustainability efforts by recycling more of the plastics they use every day,” Alexander said.

The “Recycle Grocery Rigid Plastics” program has been piloted at Hannaford Supermarkets, a subsidiary of Delhaize America, and the Stop & Shop Supermarket Company, a subsidiary of Ahold USA.

APR’s new tools – which include a how-to guide, technical service assistance, an educational video series, a list of companies that purchase recovered plastics, worksheets to evaluate potential cost savings and revenue, and customizable training materials – are accessible online at www.recyclegroceryplastics.org and available at no cost.

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