Trans World CEO buys more shares
Albany, N.Y. Trans World Entertainment Corp. chairman and CEO Robert Higgins has bought more stock in the company, which owns the f.y.e. chain of music and video stores.
Higgins bought 76,000 shares from June 8 to June 10 at an average price of $1.86 per share, according to a filing with the U.S. Securities and Exchange Commission.
The purchase gives Higgins 14.28 million shares in the company.
Duckwall-ALCO cuts 1Q loss
ABILENE, Kan. Duckwall-ALCO Stores reported that net sales from continuing operations for the first quarter increased 11% to $114.1 million and same-store sales increased 6.2%.
Net loss for the first quarter was $50,000, or (1 cent) per basic share, compared to net loss of $5.9 million, or ($1.54) per basic share, for the first quarter of the prior fiscal year.
Safeway launches ‘Locally Grown’ campaign
PLEASANTON, Calif. Safeway launched a campaign to significantly increase its focus on locally grown produce.
Safeway’s “Locally Grown” campaign will highlight partnerships with local farmers such as G&S Farms of Brentwood, California, a grower of sweet corn and green beans, and Fitzgerald Orchards of Tyro, Virginia, which has supplied East Coast Safeway stores with apples for nearly 60 years. Safeway will give purchasing preference to these and other key local growers to meet customer demand. In addition, Safeway will provide local produce premier in-store placement with attractive “Locally Grown” promotional signs that highlight specific growers in the region.
Safeway will require its local vendors to meet the company’s strict safety and quality standards for planting, growing, harvesting, handling and transporting. Before produce reaches the store, Safeway conducts multiple inspections for quality, flavor and appearance.