Chain Store Sales Fall 2.3% Last Week
New York City For the week ended Jan. 10, chain store sales fell 2.3% according to the International Council of Shopping Centers (ICSC)-Goldman Sachs chain store index.
The drop was attributed to lower post-holiday traffic, fewer gift cards and bad weather. The drop is the largest weekly sales decline in two years.
ICSC said it expects sales in January to decline from 2% to 3% as consumer demand remains weak.
December chain store sales fell 2% from the previous year. Excluding a strong performance by Wal-Mart Stores, comparable-store sales declined 4.6% from the previous year. The downturn was the largest since at least 1970, according to ICSC, and the week’s decrease was the largest since Dec. 2, 2006.
Giant Food names East region ops head
CARLISLE, Pa. Doug Sternberger has been named director of operations and merchandising in the East region for Giant Food Stores.
Sternberger joined Giant in 1980 and most recently served as grocery specialist for the East Region.
FTC seeks end to Whole Foods, Wild Oats integration
WASHINGTON The Federal Trade Commission continued its battle with Whole Foods over its acquisition of Wild Oats, asking the U.S. District Court for the District of Columbia to be a stop to all integration activities and to have the acquired stores rebranded as Wild Oats, with an independent management team to supervise them.
“The FTC believes that this preliminary injunctive relief is necessary and reasonable to preserve interim competition and maintain the commission’s ability to fashion an effective remedy should it be warranted,” the FTC said in its filing.