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Whole Foods 4Q Earnings Increase 27%

BY CSA STAFF

Austin, Texas, Whole Foods Market, Inc. reported earnings of $30.2 million in the fourth quarter ended Sept. 26, an increase of 27% when compared with earnings of $23.8 million in the prior-year period. Same-store sales were up 14% while overall revenues for the quarter were up 24% to $927.3 million.

For the fiscal year, the grocer posted earnings of to $137.1 million, a 32% over earnings of $103.7 million in fiscal 2003. Same-store sales for the year rose 14.9% while overall sales increased 23% to $3.9 billion.

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Food Lion Buys Handful of Winn-Dixie Stores

BY CSA STAFF

Salisbury, N.C., Supermarket chain Food Lion is spending an undisclosed sum in cash to acquire 10 stores from Winn-Dixie in North Carolina and Virginia. The acquisition will fill in and reinforce the retailer’s presence in its current geographic footprint. The stores are located in Dunn, Elizabeth City, Elizabethtown and Havelock, N.C., and Clarksville, Danville, Farmville, Martinsville, South Hill and Stanleytown, Va.

Food Lion plans to quickly rebrand five of the stores in Virginia with only a few-days gap in store operations. Also, the store in Elizabethtown will be remodeled significantly to replace Food Lion’s current location there. It says it will conduct further analysis of the remaining locations to better determine how the stores fit in its growth plans. Food Lion, which operates more than 1,200 stores in 11 Southeastern and mid-Atlantic states, is a division of Delhaize America, which also operates the Hannaford Bros. and Kash ’n Karry grocers.

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Sport Chalet Adding Two Stores in California

BY CSA STAFF

Los Angeles, Specialty retailer Sport Chalet, Inc. will open two stores in The Golden State later this month, in Elk Grove and Visalia. Both stores, which average 42,000 sq. ft., feature an on-site SCUBA training pool.

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