FINANCE

Self-Checkout Transactions to Surpass $450 Billion by 2008

BY CSA STAFF

Franklin, Tenn., Anew study conducted by IHL Consulting Group found that self-checkout transactions for 2005 will be $161 billion. The study predicts the value of the transactions will be more than $450 billion by 2008. Analysts attribute the increase in transaction sales to the growing numbers of self-checkout systems in supermarkets, supercenters and home improvement centers.

The study found that 94% of respondents already had tried self-checkout. Men are 60% more likely than women to use self-checkout on nearly every trip to the store. According to the study, the biggest complaint from consumers about self-checkout is the need for employee assistance. Respondents said they needed help one out of every three times with self-checkout.

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FINANCE

Harris Teeter Sales Increase

BY CSA STAFF

Charlotte, N.C., Ruddick Corp. reported that for the third quarter ended July 3, Harris Teeter sales rose 6.1% to $663.3 million from $625.3 million in the comparable 2004 period. For the 39 weeks ended July 3, 2005, sales rose 4.9% to $1.97 billion from $1.88 billion in the same period of fiscal 2004. The increase in sales was attributable to new store activity and comparable-store-sales increases that were 2.89% for the quarter and 3.32% for the 39-week period.

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News

Report: Wal-Mart Seeks Brazilian Stores

BY CSA STAFF

Sao Paulo, Brazil, Wal-Mart Stores is close to buying the Portuguese Sonae’s retail chain in Brazil, according to a report from Sao Paulo-based consulting firm Gouvea de Souza. Sonae operates about 150 supermarkets and hypermarkets in the southern region of the country. Wal-Mart offered 800 million euros for the chain, according to local reports.

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