REAL ESTATE

Five co-branded Save-A-Lot Food Stores/Rite Aid Pharmacy stores open in Greenville, S.C.

BY CSA STAFF

Camp Hill, Pa. Five co-branded Save-A-Lot Food Stores/Rite Aid Pharmacy stores opened Tuesday in Greenville, S.C. The stores continue to be owned and operated by Rite Aid, and the Rite Aid pharmacies are operating as usual. About 75% of the non-pharmacy part of each store is devoted to Save-A-Lot.

The opening of the five locations follows the Sept. 27 debut of the first co-branded Save-A-Lot/Rite Aid Pharmacy in Easley, S.C. Rite Aid has entered into a licensing agreement with Save-A-Lot, a subsidiary of Supervalu, to add the discount, limited assortment grocery store concept to 10 existing Rite Aid stores in the Greenville market. The remaining four stores in the 10-store test remain open during conversion to the co-branded concept and are scheduled to be completed later this month.

“This exciting new format, featuring aspects of both a traditional Rite Aid pharmacy and Save-A-Lot food store, provides added convenience and value to our consumers in the Greenville area,” said Bill Shaner, Save-A-Lot president and CEO.

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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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