FINANCE

Department Store Category Dominated by Saks Performance

BY CSA STAFF

Saks, Inc., New York, announced Thursday that it experienced a surge in May due to a promotional calendar shift. May same-store sales rose 37.5%, on a Thomson Financial forecast of 13.9%.

As a result of the promotional calendar shift, Saks said it expects June same-store sales to decline.

Total sales for the four-week period ended June 2 soared 39.4% to $248.9 million from $178.5 million.

Menomonee Falls, Wis.-based Kohl’s was up in May, as the retailer announced Thursday its May same-store sales grew 10.5%, ahead of analysts’ expectations.

For the four-week period ended June 2, sales rose 18.5 % to $1.19 billion, from $1 billion a year ago.

Department-store decliners in May were Dillard’s, J.C. Penney, Gottschalks and Macy’s.

Little Rock, Ark.-based Dillard’s announced Thursday its same-store sales dropped 2% in May due to slower sales in eastern markets and below-average sales of cosmetics. J.C. Penney, Plano, Texas, saw May same-store sales fall 2% as well, hurt said the retailer by soft sales in jewelry, women’s accessories and household.

Fresno, Calif.-based Gottschalks posted a 3.8% drop in same-store sales, citing lower store traffic in May.

New York-based Macy’s comp-store sales fell 3.3%, compared to the company’s guidance for same-store sales to be flat to down 2%.

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London welcomes first European Whole Foods

BY CSA STAFF

LONDON Whole Foods Market made a big splash with the opening of its first store in Europe today. The U.K. flagship, located in London’s upscale Kensington neighborhood, occupies three floors and includes a bakery and in-store restaurants.

According to the company, the London Whole Foods Market will feature the store’s traditional organic fair, with many of the items coming from local producers.

“Whole Foods Market is committed to the goal of being the finest food shop in every community we serve, and our new London store will offer a fresh, vibrant choice,” said John Mackey, Whole Foods Market ceo and co-founder. “We want our shoppers to celebrate the joys of eating and living well. We hope Whole Foods Market will continue to prompt change in the way people think about and shop for food.”

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Ahold USA exec joins Modiv Media board

BY CSA STAFF

BOSTON James Rojas, evp of shared services for Ahold USA, has joined the board of Modiv Media (formerly MobileLime/Cuesol), a retail media delivery company that offers targeted marketing solutions.

Prior to Ahold, Rojas served as the evp and chief administrative officer for U.S. Foodservice, one of the leading broad line foodservice distributors in the United States, with yearly revenues exceeding $18 billion.

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