FINANCE

H.E. Butt, Chase Create New MasterCard Brand

BY CSA STAFF

San Antonio, H.E. Butt Grocery Co. (H-E-B) and Chase Card Services have rolled out a new H-E-B Chase MasterCard and a private-label H-E-B credit card, according to the San Antonio Business Journal.

Cardholders can receive $20 gift cards for 2,000 points or $100 gift cards for 10,000 points.

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BJ’s reports October comps increase

BY CSA STAFF

NATICK, Mass. BJ’s Wholesale Club today reported that sales for October increased by 9.2% to $663.8 million from $607.9 million in October 2006. Comparable-club sales increased by 4.8% for the month, compared with a comparable-club sales decrease for October of 0.7%, including a negative impact from sales of gasoline of 2.5%.

For the third quarter ended Nov. 3, total sales increased by 8.1% to $2.12 billion, and comparable-club sales increased by 3.4%. For the third quarter ended Oct. 28, 2006, comparable-club sales increased by 0.1%.

According to BJ’s, October sales increased in all major regions with the highest increase in Metro New York and the lowest increase in the Southeast. Food sales increased by approximately 5% for the month of October and 6% for the third quarter. General merchandise sales were approximately flat in October and increased by approximately 2% for the third quarter.

For the month of October, BJ’s reported that categories with strong comparable-club sales increases included coffee, dairy, frozen, juices, meat, milk, office supplies, produce, soda and water and televisions. Weaker categories versus last year included apparel, automotive and tools, cigarettes, prerecorded video, residential furniture and tires.

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Costco comps jump 9% in October

BY CSA STAFF

ISSAQUAH, Wash. Costco reported a big 9% jump in same-store sales in October.

 Leading the way was a 17% increase in sales at its international stores with U.S. sales jumping 7%. The increase beat the 5.7% average predicted by analysts for the month.

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