Delhaize profit rises in Q3
Amsterdam — Delhaize Group reported Wednesday that its third-quarter net profit rose 10% to $193 million, compared with a profit of $176 million in the year-ago period. Excluding currency effects, profit rose 2.7%.
The Belgian supermarket operator attributed the improvements to a stronger dollar against the euro, but also warned the retail environment in the United States remains challenging.
Revenue rose to $7.3 billion from $6.7 billion a year earlier.
Delhaize said the U.S. retail environment is still difficult but improving. The retailer, which generates more than two-thirds of its revenue from its U.S. Food Lion, Hannaford and Sweet Bay chains, said market conditions have improved since August when it issued a profit warning on its American operations. Delhaize cautioned that the economic and competitive environment remains challenging.
U.S. same-store sales fell 1.8% in the third quarter, compared with a 3.6% drop in the previous quarter.
The company’s Belgian operations posted a strong performance in the quarter, with sales up 2.8%, boosted by new store openings, although same-store sales remained flat.
Holiday food event returns to Sam’s Club
BENTONVILLE, Ark. Sam’s Club announced its eighth annual Holiday Taste of Sam’s Club, a nationwide event that offers Sam’s Club members and guests the opportunity to sample a wide-variety of gourmet foods, preview cooking demonstrations and take part in holiday decoration workshops.
The event will take place from 11 a.m. to 6 p.m. on Nov. 19, 20 and 21 at more than 600 Sam’s Club locations across the country. According to the company, the event will feature nearly 50 menu items to sample including USDA choice beef, premium side dishes and desserts.
“The Holiday Taste of Sam’s Club event is a great way to kick-off the holiday season to try delicious favorites and new recipes from Sam’s Club, while taking part in live cooking and decorating demonstrations,” said Shawn Baldwin, SVP fresh, freezer and cooler at Sam’s Club. “The tastings will offer something for everyone, from gourmet appetizers and entrees to fresh fruits, vegetables and locally prepared desserts.”
GameStop to offer exclusive edition of Conduit 2
GRAPEVINE, Texas GameStop, SEGA of America Inc. and High Voltage Software Inc. today announced details of the exclusive GameStop Limited Edition of Conduit 2, the epic science fiction shooter exclusively for the Wii system from Nintendo. The Conduit 2 Limited Edition features the 44-page “The Art of the Game” Conduit 2 art book and two unlockable items: a new armor skin and an enhanced ASE search device. Conduit 2 is set to be released in February 2011 in North America.
The Conduit 2 Limited Edition package features:
* 44-page art book featuring a rich selection of concept art and design development insights into Conduit 2’s science fiction world, weapons, and enemies. * The “Eye of Ra” device is an enhanced in-game “All Seeing Eye” (A.S.E.) device that captures Conduit 2’s hidden secrets in twice the speed. * The “Gold Destroyer Armor” multiplayer skin based on the lead character’s primary armor.