Texas’ first Kroger Marketplace opens at Waterside Marketplace
Richmond, Texas Jacksonville, Fla.-based Regency Centers announced the formal opening of the first Kroger Marketplace store in Texas on Oct. 9.
The 125,000-sq.-ft. store opened at Waterside Marketplace shopping center, located in Richmond. Regency closed on the land acquisition for Waterside Marketplace in April 2007, construction was completed in May, and the center opens fully leased and committed.
The Kroger Marketplace at Waterside Marketplace will be the sixth Kroger store location in Regency Centers’ Houston portfolio and the 12th store statewide with Regency. Kroger has 56 store brand locations nationwide with Regency.
Waterside Marketplace is a 147,857-sq.-ft. community shopping center with a wide variety of retailers that are open for business, including three banks on outparcels. Retailers currently open for business include Wells Fargo, Chase Bank, AMC Nails, Liquor’s 4 Us, Your Local Computer Store, Il Primo Pizza & Wings, and Fossum Family Dental Care.
Slated to open in the next few weeks are Kumon Math & Reading Center and Speedy Mail. Great Clips, West Green Cleaners, State Farm Insurance, Uncle Lee’s Cafe and an optometrist will open by the end of the year.
‘Straight Talk’ about Walmart’s new no-contract cellular service
BENTONVILLE, Ark. Walmart announced that it will launch Straight Talk, a new solution in no-contract cellular, exclusively at more than 3,200 Walmart stores nationwide starting Oct. 18. According to the company, Straight Talk will bring to the market a new low price for no-contract wireless service with two prepaid plans now available to customers nationwide at $30 and $45 a month. Straight Talk will only be available in Walmart stores and online at www.Walmart.com and www.StraightTalk.com.
Walmart said it initially offer customers the option of an “All You Need” 30-day plan for $30 a month that includes 1,000 minutes, 1,000 texts and 30MB of mobile Web access, nationwide coverage and 411 Information calls at no extra charge or its Unlimited 30-day plan for $45 a month that includes unlimited minutes, unlimited text, unlimited mobile Web access, nationwide coverage and unlimited 411information calls at no extra charge
“It has been very encouraging to see the excitement and response to the Straight Talk pilot in 234 stores that began last summer at Walmart,” said Greg Hall, VP media services for Walmart U.S. “In light of the savings customers continue to need, we have worked very quickly to extend this offering to all of our Walmart customers nationwide, and just before the holidays.”
Spartan Stores experiences decreased comps
GRAND RAPIDS, Mich. Spartan Stores reported that consolidated net sales for the 12-week second quarter were $610.2 million compared with $626.8 million in the same period last year. According to the company, sales were negatively affected by price deflation in certain primary product categories, significantly lower retail fuel prices, a shift in the mix towards more private label products and the general economic environment.
Net earnings for the quarter were $10.4 million, or 46 cents per diluted share, compared with $10.6 million, or 48 cents per diluted share in last year’s second quarter. Last year’s second-quarter net earnings included a loss from discontinued operations of $1 million, or 4 cents per diluted share, related to the Pharm store exit and operational wind down costs.
Second-quarter retail net sales increased 11.3% to $360.2 million from $323.5 million in the same period last year. The retail segment experienced a 5.1% decline in comparable-store sales due to significant deflation in the meat, produce and dairy categories, competitive store openings, unseasonably cool weather in Michigan and the weak economic environment.