VF profit increases 9%
New York — VF Corp. said Friday that its first-quarter profit rose 9%, helped by last year’s acquisition of Timberland and global demand for its brands from North Face to Vans.
Net income rose to $215.2 million, from $200.7 million a year earlier. Revenue was up 31% to $2.56 billion.
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Weiss Markets ups capital expenditures
Sunbury, Pa. — Weis Markets said it will invest $125 million in its 2012 growth program, a 25% increase compared with 2011.
“Our budget includes two new stores and 18 major remodels,” Weis Markets vice chairman Jonathan Weis said. “In addition, we expect to soon complete the purchase of three Genuardi’s units near Philadelphia which we hope to reopen later this summer.”
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Walmart expands conservation program
Bentonville, Ark. — Walmart announced that its Acres for America program is conserving an additional 300 acres of land to protect and restore wildlife habitats in the heart of U.S. cities, including Bridgeport, Chicago, Portland, San Diego, and Washington, D.C.
"Walmart is proud to help protect and restore important natural habitats in communities that we serve," said Jennifer May-Brust, Walmart VP realty supplier management and compliance. "The Acres for America program exemplifies our commitment to sustainable development as it directly links our land use to land preservation. Our urban restoration projects often times involve volunteers, including our customers and associates, and provide a way for people to connect with and enjoy nature right in their backyard."
In 2011, Walmart expanded its Acres for America investments to include urban conservation projects in New York, Washington, D.C., Chicago and Los Angeles. The awards announced this week will support additional projects in Bridgeport, Chicago, Portland, San Diego, and Washington, D.C. involve community volunteers in enhancing habitat quality in the wetland by restoring native vegetation, which will benefit fish and bird populations in the Tualatin River system.