RadioShack Improves 4Q Sales
Fort Worth, Texas, RadioShack Corp. reported a 5% increase in fourth-quarter net sales to $1.67 billion, supported by a same-store sales increase of 4%.
For the retailer’s full fiscal year, total sales rose 5% to $5.08 billion, and same-store sales increased 1%.
SuperValu Opens First Organic Foods Store
Minneapolis, SuperValu cut the ribbon on its first Sunflower Market store, the food wholesaler’s new organic-foods concept. The Indianapolis location occupies 12,000 sq. ft. and stocks between 8,000 and 12,000 SKUs. SuperValu plans to have 50 Sunflower Supermarket locations within five years.
Saks Names HR Head
Birmingham, Ala., Saks, Inc. named Charles G. Tharp executive VP of human resources. He will oversee human resources for the entire company from Saks’ New York City office. Tharp was most recently a professor of human resources at Rutgers University’s School of Management and Labor Relations.