FINANCE

Safeway profit up in Q2, on track to open 26 new stores

BY Staff Writer

Pleasanton, Calif. — Safeway reported Thursday that net income for the second quarter rose to $145.8 million from $141.3 million in the year-ago period, helped by rising prices and gas sales.

Total sales increased 7.1% to $10.2 billion from $9.5 billion.

Safeway invested $209 million in capital expenditures in the second quarter, opening six new stores, completing seven Lifestyle remodels and closing 11 stores. For the year, Safeway plans to invest approximately $1.0 billion in capital expenditures, open 26 new Lifestyle stores and complete 30 Lifestyle remodels.

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STORE SPACES

Walgreens plans to be largest retail host of EV charging stations

BY Staff Writer

Deerfield, Ill. — Walgreens said Thursday it plans to offer electric vehicle (EV) charging stations at approximately 800 locations across the country by the end of 2011, which would make the drugstore chain the country’s largest retail host.

The charging stations will feature either a high-speed direct current charger that can add 30 miles of range in as little as 10 minutes of charging time, or a Level 2 charger that can add up to 25 miles of range per hour of charge.

Major markets expected to host these sites include Boston, Denver, Los Angeles, New York City, San Francisco and Washington, D.C. Select locations in Florida, New Jersey, Oregon, Tennessee and Washington will also receive EV charging stations. Installation begins later this month.

Walgreens already has installations under way for EV charging stations at more than 60 stores across Houston, Dallas/Fort Worth and Chicago.

According to the Department of Energy, Walgreens will make up as much as 40% of all public EV charging stations across the country.

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FINANCE

Wal-Mart to give store data to Nielsen

BY Staff Writer

New York City — Wal-Mart Stores said its Walmart and Sam’s Club divisions will now report their U.S. sales data to Nielsen Holdings, which will become the retailer’s primary provider for market information, tools and training, the companies said in a joint announcement on Thursday.

Nielsen gathers and analyzes sales information from a variety of U.S. chain stores, giving manufacturers, Wall Street analysts and others a glimpse at how products are selling.

Wal-Mart’s U.S. stores had not provided its information in more than a decade, which meant that Nielsen’s widely used metrics were missing the country’s largest retailer in terms of revenue.

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