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Longs Drugs reports 2Q income growth

BY CSA STAFF

WALNUT CREEK, Calif. Longs Drug Stores reported preliminary income from continuing operations for the second quarter ended July 31 of $27.5 million, or 76 cents per diluted share, a 6.8% increase compared with income from continuing operations for the second quarter ended July 26, 2007 of $25.7 million, or 67 cents per diluted share.

Retail drug store sales increased 0.5% to $1.20 billion for the 13 weeks ended July 31. Same-store sales decreased 1.1% with pharmacy same-store sales decreasing 0.6% and front-end same-store sales decreasing 1.6%. Pharmacy sales were 51.6% of retail drug store sales during the period, compared with 51.3% a year ago.

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Costco offers promotions with LeverageCard.com

BY CSA STAFF

IRVINE, Calif. Costco has partnered with LeverageCard.com to allow consumers to buy Costco Membership Certificates online and then receive Costco promotions and coupon booklets.

Certificates purchased through LeverageCard.com can be used to renew, upgrade or register for a membership in any Costco store nationwide. The minimum purchase is $50 and for each certificate purchased, LeverageCard.com will send one complimentary coupon booklet, which includes coupons for free items and discounts on Costco staples, including fresh meat and bottled water, worth over $40.

“This relationship with Costco is a terrific step for us as we look to expand our gift card offerings and provide unique offers and savings to our users,” said Mark Edward Roberts, CEO and co-founder, Leverage. “We are proud to be working with Costco in a way that so dramatically enhances the customer experience for both Costco and Leverage shoppers.”

Consumers will also be able to exchange their purchased Costco Membership Certificates for other gift cards available on LeverageCard.com using the site’s signature swapping system.

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Springs names senior account manager

BY CSA STAFF

ROCK HILL, S.C. Springs Creative Products Group has named Teri Thom as senior account manager. In this capacity, Thom’s responsibilities include sales and product development for Jo-Ann Stores, Target, Tractor Supply Company, Cracker Barrel, Scholastic, A.C. Moore and Books are Fun.

Before joining Springs Creative Products Group, Thom worked in merchandising and product development for Jo-Ann Stores in Hudson, Ohio. Prior to that, she served as a buyer for Dillard’s Department Stores and a store manager for The Gap.

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