New Execs at Stop & Shop/Giant Food
Quincy, Mass., Ahold’s Stop & Shop/Giant Food has appointed Peter Hurtgen to serve as senior VP of labor relations activities. Most recently, he served as a partner with the Morgan Lewis labor and employment group.
The company has also named Ruth Kinzey senior VP of communication and public affairs. Kinzey held similar positions throughout her career in the grocery, trucking, natural gas, and computer software industries.
Stop & Shop/Giant Food has promoted David McGlinchey to senior VP of business insight and merchandising services. McGlinchey joined Stop & Shop in 1986 and was most recently held the position of VP of merchandising services.
The company has also promoted Jim Sylvia to senior VP of real estate. Sylvia joined Stop & Shop in 1994 and has held a variety of positions in the real estate department, most recently VP of real estate.
Seasonal categories aid Family Dollar sales
MATTHEWS, N.C. Family Dollar Stores reported that net sales for the four weeks ended Sept. 1 increased 3.4% to approximately $494.4 million from $478.3 million for the comparable four-week period ended Sept. 2, 2006. According to the company, the sales increase was aided by strong performance in the food and seasonal categories, primarily toys and lawn and garden, while sales of apparel were softer. Comparable-store sales for the four-week period increased 1% when compared with sales for the similar four-week period last year.
Sales for the fourth quarter of fiscal 2007 ended Sept. 1, were approximately $1.63 billion, or 3.4% above sales of approximately $1.58 billion for the fourth quarter of fiscal 2006 ended August 26, 2006. For the year ended Sept. 1, sales were approximately $6.8 billion, or 6.9% above sales of approximately $6.4 billion for the year ended Aug. 26, 2006.
The company reported that it anticipates earnings per diluted share for the fourth quarter to be in the range of 24 cents to 27 cents compared with 21 cents per diluted share for the fourth quarter last year. For the full year, the company currently expects net income per diluted share to be between $1.60 and $1.63 compared with $1.26 per diluted share for the prior fiscal year.
The company expects that comparable-store sales for the September period ending Oct. 6, will increase 1% to 3%.
Burlington Coat Factory 1Q sales up 2.6%
BURLINGTON, N.J. Burlington Coat Factory Warehouse announced today that net sales from continuing operations for the first quarter ended Sept. 1 were $673.9 million compared with $656.8 million for the first quarter ended Sept. 2, 2006, a 2.6% increase. These results reflect a 2% comparable-store sales decrease for the quarter. June comparable-store sales decreased 2.1%, July comparable-store sales decreased 3.7% and August comparable-store sales decreased 0.6%, compared with the same periods last year.