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OfficeMax Plans New DC

BY CSA STAFF

Itasca, Ill., OfficeMax plans to open an 180,000-sq.-ft. distribution center in Edwardsville, Kansas, in November. The new center is replacing an older one in Kansas City.

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E.Ako says:
Mar-24-2013 07:19 am

Bigger area means it has a big capacity to produce more. It could be double than the first. Expanding is a sign that they have a good and high profit. - Rich Von Alvensleben

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Albertson’s 2Q Profit Smaller Than Expected

BY CSA STAFF

Boise, Idaho, Albertson’s Inc., which recently put itself on the selling block, posted a smaller-than-expected 3% gain in quarterly profit and said it would sell some property to cash in on the U.S. real estate boom.

Net profit rose to $107 million, or 29? a share, in the second quarter ended Aug. 4, vs. $104 million, or 28? a share, a year earlier. Total sales inched up to $10.2 billion from $10.17 billion a year ago. Same-store sales were down by 0.1%.

Albertson’s said capital spending would be between $1 billion and $1.1 billion this year, or $300 million less than it had originally expected, as it focuses on a smaller number of markets.

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Feds Approve GameStop, Electronics Boutique Merger

BY CSA STAFF

Grapevine, Texas, The Securities and Exchange Commission (SEC) approved the proposed $1.4 billion merger of video-game retailers GameStop Corp. and Electronics Boutique Holdings Corp. The two companies will seek shareholder approval of the merger on Oct. 6.

The merger would give the combined company more than 3,200 stores in the United States and 600 internationally.

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