REAL ESTATE

Bottom Dollar enters Philadelphia

BY CSA STAFF

New York City Bottom Dollar, the low-priced format from Delhaize, made its Philadelphia market debut on Friday. The 19,000-sq.-ft. store is the first of up to 20 locations the chain expects to open in the market by yearend.

Bottom Dollar carries a limited assortment of some 6,800 items.

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FINANCE

Syms loss widens in Q2 with impact of Filene’s acquisition

BY CSA STAFF

Secaucus, N.J. Syms Corp. reported late Thursday that it lost $10.9 million in the quarter ended Aug. 28, compared with a loss of $7.9 million in the year-ago period. The widened loss is mostly attributable to one-time charges related to Syms’ acquisition of Filene’s Basement in second quarter 2009, according to the company.

Revenues for the quarter surged 34% to $102.1 million, from $76.4 million in the prior-year quarter, reflecting the impact of Filene’s Basement.

Same-store sales increased 16% for the quarter.

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News

Kindle arrives at Staples

BY CSA STAFF

FRAMINGHAM, Mass. Staples announced that the Kindle e-reader is available in all stores nationwide beginning Oct. 10.

“Kindle is just one example of a host of hot tech items customers can get at Staples this holiday season,” said Jevin Eagle, EVP merchandising and marketing at Staples. “From our hands-on displays to our knowledgeable associates, Staples makes buying technology easy any time of year.”

 

Staples now carries the following new Kindle devices:

 

    * Kindle ($139.00) – Wi-Fi, 6″ diagonal     * Kindle 3G ($189.00) – Free 3G + Wi-Fi, 6″ diagonal     * Kindle DX ($379.00) – Free 3G, 9.7″ diagonal (available at Staples mid-November)

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