Virgin Megastores comps up 6.6% in Dec.
LOS ANGELES Virgin Megastores today reported same-store comparable sales growth of 6.6% in December and 11.5% over the final quarter of the year. The company also reported that DVD sales were up 18.1%, fashion sales were up 35.1% and video game sales were up 111.9%.
Virgin Megastores said that despite the overall decline in music industry sales, its sales are up 1.2% overall for the year 2007.
“It is the second consecutive year that sales have way exceeded our expectations,” states Simon Wright, ceo of Virgin Entertainment Group, North America. “We started seeing positive results in 2006 from our diversification strategy and the sales in those departments continued to climb throughout 2007. Virgin Megastores are being recognized as an entertainment lifestyle destination, rather than solely a music retailer.”
Stater Bros. promotes two executives
SAN BERNARDINO, Calif. Stater Bros. Markets Monday announced the promotion of two senior executives. George Frahm has been named evp of retail operations and administration and Dennis McIntyre will assume the role of evp of marketing.
Frahm joined Stater Bros. in 1973 as a courtesy clerk, working his way through a variety of retail store and district supervision positions. In 1995 he became director of labor relations and then vp of labor relations in 1996. In 2001, he was promoted to senior vp of administration and became group senior vp of administration in March 2006. He assumed his most recent role of group senior vp of retail operations and administration in September 2006.
McIntyre joined Stater Bros. Markets in 1978 as a courtesy clerk and progressed through a variety of roles until becoming a buyer in the marketing department in 1983. In 1994, he was promoted to assistant vp of marketing and in 1999 he was promoted to vp of marketing. In 2000, McIntyre was promoted to senior vp of marketing, and he was promoted to his most recent position of group senior vp of marketing in 2002.
Jack Brown, chairman and ceo of Stater Bros. Markets stated, “George and Dennis are well-respected and valuable members of our senior management team. Their promotions reflect the leadership skills and the contributions that each has made and will continue to make to the success and growth of Stater Bros.”
Wakefern in wholesale deal with Gristedes
KEASBEY, N.J. Through an agreement with Wakefern Food, New York City-based supermarket chain Gristedes will be offering Wakefern’s ShopRite private label brand at its stores.
Gristedes will now offer ShopRite Organic products, health and beauty care and imported specialty items.
“After trying the ShopRite brand myself, I believe they are just as good if not better than national brand products,” said Charles Criscuolo, senior evp of Gristedes. “By bringing the ShopRite brand into my stores, I’m offering more variety and added value to my customers seeking high quality products at an affordable price.”