REAL ESTATE

Wal-Mart Reopens Two Stores Damaged by Hurricane Katrina

BY CSA STAFF

Bentonville, Ark., Wal-Mart celebrates the reopening of two New Orleans-area stores seven months after Hurricane Katrina devastated the region. One of the supercenters opened last week, but still has only temporary flooring, while the other store will reopen Friday. Two additional stores in the New Orleans area remain closed because of damage, and no decision has been made as yet on whether they will reopen. More than 120 Wal-Mart stores closed during the wrath of the hurricane.

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FINANCE

Papa John’s Offers Pizza 24/7 via On-Line Ordering

BY CSA STAFF

Louisville, Ky., Papa John’s is the first national pizza company to offer 24/7 on-line ordering. Customers logging on to its site can now plan ahead and order by specifying the date and time of delivery or carryout order, up to 21 days in advance. The company’s research and test results confirm that many customers like to order in the morning or shortly after arriving at work to take care of their meal planning for the day. Before launching this 24/7 platform, on-line ordering was only available during restaurant operating hours. In 2005, Papa John’s on-line orders grew by 50% from the year before. Papa John’s spent more than $1 million to convert its on-line ordering system to one that would accommodate orders 24/7.

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REAL ESTATE

Penn Traffic Converts Tops Market Store

BY CSA STAFF

Syracuse, N.Y., Penn Traffic said it purchased another Tops Market store and will convert the location to its new P&C Fresh Foods banner. A purchase price for the Norwich, N.Y., store was not announced. Penn Traffic also acquired a Tops store in Rome, N.Y., last month. Both stores are among the 51 Tops Markets locations that Ahold USA put up for sale last summer.

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