Stage May comps down from prior year
HOUSTON Stage Stores today reported that its total sales for the four-week May period ended June 2 increased 9.8% to $116.6 million from $106.2 million in the prior year four-week period ended May 27, 2006. Comparable-store sales increased 1.7% versus an increase of 4% last year.
Jim Scarborough, chairman and ceo, commented, “Our top three performing categories during May were dresses, cosmetics and plus sizes, which posted comp gains of 9.5%, 4.6% and 4.2%, respectively.”
For the second quarter 2007, the company expects total sales to range from $371 million to $379 million and diluted earnings per share to range from 23 cents to 26 cents.
London welcomes first European Whole Foods
LONDON Whole Foods Market made a big splash with the opening of its first store in Europe today. The U.K. flagship, located in London’s upscale Kensington neighborhood, occupies three floors and includes a bakery and in-store restaurants.
According to the company, the London Whole Foods Market will feature the store’s traditional organic fair, with many of the items coming from local producers.
“Whole Foods Market is committed to the goal of being the finest food shop in every community we serve, and our new London store will offer a fresh, vibrant choice,” said John Mackey, Whole Foods Market ceo and co-founder. “We want our shoppers to celebrate the joys of eating and living well. We hope Whole Foods Market will continue to prompt change in the way people think about and shop for food.”
Ahold USA exec joins Modiv Media board
BOSTON James Rojas, evp of shared services for Ahold USA, has joined the board of Modiv Media (formerly MobileLime/Cuesol), a retail media delivery company that offers targeted marketing solutions.
Prior to Ahold, Rojas served as the evp and chief administrative officer for U.S. Foodservice, one of the leading broad line foodservice distributors in the United States, with yearly revenues exceeding $18 billion.