FINANCE

Survey: Father’s Day Gives Boost to Weekly Sales

BY CSA STAFF

Chicago ShopperTrak RCT Corp.’s National Retail Sales Estimate Tuesday reported that retail sales for the week ending June 14 increased a healthy 6.1% compared to the same period last year as consumers took advantage of Father’s Day sales promotions to purchase gifts and seasonal summer merchandise.

Sales for the week ending June 14 vs. the previous week ending June 7 rose 7.2%.

“Last week’s sales performance highlights what retailers have seen for several months—consumers are continuing to spend at a steady pace despite the myriad economic pressures they’re feeling,” said Bill Martin, co-founder of ShopperTrak. “While we fully expect GAFO retail sales to return to slower, more seasonal levels in late June, retailers should see a spike again in early July as consumers prepare for the July 4th weekend.”

Additionally, ShopperTrak reported year-over-year sales have increased 17 out of a possible 24 weeks so far in 2008.

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Stop & Shop joins MyPyramid to promote healthy eating

BY CSA STAFF

QUINCY, Mass. Stop & Shop said it has joined the U.S. Department of Agriculture as part of “Partnering with MyPyramid: Corporate Challenge,” to encourage consumers to shop for healthy foods and live a healthy lifestyle.

“At Stop & Shop, we readily accept the challenge to help our customers live a healthy lifestyle because the supermarket plays an important role in providing healthful food choices, said consumer advisor, Andrea Astrachan. “Because millions of customers shop our stores weekly, we have a unique opportunity to share the core messages of MyPyramid right where purchasing decisions are made.”

The company will provide key messages to customers such as “Vary Your Veggies” and “Make Half Your Grains Whole, as well as encourage customers to use the new interactive tools on MyPyramid.gov such as the MyPyramid Menu Planner and MyPyramid to plan menus and track their daily intake.

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Supervalu to eliminate some corporate jobs

BY CSA STAFF

MINNEAPOLIS Supervalu said it will eliminate more than 100 jobs at its corporate offices in Minneapolis and Boise over the next 12-18 months as it switches to a third-party provider for some of its financial services.

In a statement, Supervalu said the decision was made “after months of careful analysis as part of our ongoing efforts to improve operational efficiencies and enhance our competitiveness.” Supervalu did not identify the third party provider in its statement.

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