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April 15, 2014

99 Cents Only Stores on Tuesday announced its financial results for the shortened fiscal year 2014 that began on March 31, 2013 and ended January 31, 2014, consisting of 44 weeks.

CITY OF COMMERCE, Calif. — 99 Cents Only Stores on Tuesday announced its financial results for the shortened fiscal year 2014 that began on March 31, 2013 and ended Jan. 31, 2014, consisting of 44 weeks. 

For the 10 month fiscal 2014 the Company's net sales totaled $1.5 billion. Same-store sales increased 3.7%, calculated on a comparable 43-week period of the prior year. Net loss was $12.5 million in fiscal 2014 and net loss as a percentage of net sales was (0.8)% in fiscal 2014. 

April 15, 2014

Safeway on Monday completed the distribution to its stockholders of 37.8 million shares of Class B common stock of Blackhawk Networks Holdings owned by Safeway.

PLEASANTON, Calif. — Safeway on Monday completed the distribution to its stockholders of 37.8 million shares of Class B common stock of Blackhawk Networks Holdings owned by Safeway. After the completion of the distribution, Safeway no longer owns any shares of Class B common stock of Blackhawk.

April 14, 2014

Startup beauty brand Julep Beauty has raised $30 million in additional funding from investors, bringing its total venture funding to $56 million.

SEATTLE — Startup beauty brand Julep Beauty has raised $30 million in additional funding from investors, bringing its total venture funding to $56 million.

"Julep combines tech savvy, a next-generation distribution model and beauty industry know-how in one fast-growing package," stated Mike Kwatinetz, general partner of Azure Capital Partners. "It's the only beauty brand to truly leverage crowdsourcing and social feedback to create new makeup and skincare products."

April 14, 2014

Warmer spring weather spurred continued consumer spending and activity this March. According to the National Retail Federation, March retail sales — which exclude automobiles, gas stations and restaurants — increased 0.8% adjusted month-to-month and 1.6% unadjusted year-over-year.

WASHINGTON — Warmer spring weather spurred continued consumer spending and activity this March. According to the National Retail Federation, March retail sales — which exclude automobiles, gas stations and restaurants — increased 0.8% adjusted month-to-month and 1.6% unadjusted year-over-year.

April 11, 2014

Safeway on Thursday announced the receipt of a request for additional information and documents from the Federal Trade Commission in connection with the FTC's review of the Safeway/Albertson's merger.

PLEASANTON, Calif. — Safeway on Thursday announced the receipt of a request for additional information and documents from the Federal Trade Commission in connection with the FTC's review of the Safeway/Albertson's merger. 

The second request extends the waiting period imposed by the Hart−Scott−Rodino Antitrust Improvements Act of 1976 until 30 days after Safeway and Albertsons have substantially complied with the second request, unless that period is extended voluntarily by the parties or terminated sooner by the FTC. 

 

April 11, 2014

Total U.S. retail sales during 2013 reportedly reached $4.5 trillion, a 4.2% increase from $4.4 billion in 2012. According to new data from EMarketer, e-commerce sales of $263.3 billion, up 16.9% from $225.3 billion the prior year, helped drive overall retail sales growth.

NEW YORK — Total U.S. retail sales during 2013 reportedly reached $4.5 trillion, a 4.2% increase from $4.4 billion in 2012. According to new data from EMarketer, e-commerce sales of $263.3 billion, up 16.9% from $225.3 billion the prior year, helped drive overall retail sales growth.

Non-e-commerce sales totaled about $4.3 billion, a 3.5% increase from $4.12 billion in 2012. In 2014, EMarketer predicts that e-commerce sales in rhe U.S. will grow 15.5% to total $304.1 billion, or 6.4% of total retail sales of $4.73 billion.

April 10, 2014

Family Dollar Stores on Thursday reported that for the second quarter of fiscal year 2014 ended March 1, net sales totaled $2.7 billion, representing a decline of 6.1%.

MATTHEWS, N.C. — Family Dollar Stores on Thursday reported that for the second quarter of fiscal year 2014 ended March 1, net sales totaled $2.7 billion, representing a decline of 6.1%. Earnings per diluted share in the second quarter of fiscal 2014 were $0.80 as compared to $1.21 in the second quarter of fiscal 2013. 

Comparable store sales for the 13-week period decreased 3.8% as a result of decreased customer transactions, partially offset by an increase in the average customer transaction value.

April 10, 2014

Fred's Super Dollar on Wednesday reported sales of $191.2 million, up 1%, for the five-week fiscal month of March ended April 5, 2014.

MEMPHIS, Tenn. — Fred's Super Dollar on Wednesday reported sales of $191.2 million, up 1%, for the five-week fiscal month of March ended April 5, 2014.

Comparable store sales for the month decreased 1.2% compared with a decrease of 3% in the prior-year period.

April 10, 2014

In the wake of acquiring Houston-based RediClinic, Rite Aid on Thursday reported revenues of $6.6 billion for the fourth quarter ended March 1, resulting from a 2.2% lift primarily attributed to an increase in pharmacy same-store sales.

CAMP HILL, Pa. — In the wake of acquiring Houston-based RediClinic, Rite Aid on Thursday reported revenues of $6.6 billion for the fourth quarter ended March 1, resulting from a 2.2% lift primarily attributed to an increase in pharmacy same-store sales. For the full year, Rite Aid reported $25.5 billion in revenues, up 0.5%.

April 9, 2014

Mars and Procter & Gamble announced that Mars has agreed to buy the Iams, Eukanuba and Natura brands for $2.9 billion in cash. The purchase is part of a strategic move for Mars to complement its burgeoning global petcare business.

MCLEAN, Va. and CINCINNATI — Mars and Procter & Gamble announced that Mars has agreed to buy the Iams, Eukanuba and Natura brands for $2.9 billion in cash. The purchase is part of a strategic move for Mars to complement its burgeoning global petcare business. The companies expect to complete the transaction in the second half of 2014.

April 9, 2014

Safeway on Tuesday announced the final distribution ratio for the previously announced special stock dividend to its stockholders of all of the shares of Class B common stock of Blackhawk Network Holdings held by Safeway.

PLEASANTON, Calif. — Safeway on Tuesday announced the final distribution ratio for the previously announced special stock dividend to its stockholders of all of the shares of Class B common stock of Blackhawk Network Holdings held by Safeway. 

Safeway stockholders will receive 0.164291 of a share of Blackhawk Class B common stock for every share of Safeway common stock held as of the close of business on April 3, 2014.

April 9, 2014

The board of directors of Walgreens on Wednesday declared a regular quarterly dividend of 31.5 cents per share, a 14.5% increase over the year ago dividend.

DEERFIELD, Ill. — The board of directors of Walgreens on Wednesday declared a regular quarterly dividend of 31.5 cents per share, a 14.5% increase over the year ago dividend.

The dividend is payable June 12, 2014, to shareholders of record May 21, 2014. 

Walgreens has paid a dividend in 326 straight quarters (i.e., more than 81 years) and has raised its dividend for 38 consecutive years. Over the last five years, Walgreens annual dividend rate has increased from 45 cents per share to $1.26 per share, resulting in a compound annual growth rate of nearly 23%.

April 8, 2014

CVS Caremark announced on Tuesday that it has finalized with the Securities and Exchange Commission a settlement that was previously announced in August 2013.

WOONSOCKET, R.I. — CVS Caremark announced on Tuesday that it has finalized with the Securities and Exchange Commission a settlement that was previously announced in August 2013.

The settlement was entered into on a "no admit or deny basis" and will not require CVS Caremark to restate its earnings for any reporting period. The company stated that the matter is now fully resolved.

April 7, 2014

McKesson on Monday announced that the results of the initial acceptance period of the voluntary public takeover offer for the remaining shares of Celesio AG have been published.

SAN FRANCISCO — McKesson on Monday announced that the results of the initial acceptance period of the voluntary public takeover offer for the remaining shares of Celesio AG have been published. 

McKesson now owns 75.7% of Celesio shares on a fully diluted basis.

Shareholders who did not tender their Celesio shares into the takeover offer during the initial acceptance period may tender their shares within the additional two-week acceptance period. The additional two-week acceptance period will begin on April 8 and will expire on April 22.

April 3, 2014

Rite Aid on Thursday posted $1.9 billion in sales for the four weeks ended March 29, up 0.4%.

CAMP HILL, Pa. — Rite Aid on Thursday posted $1.9 billion in sales for the four weeks ended March 29, up 0.4%. 

Same-store sales increased 0.7% over the prior-year period. March front-end same store sales decreased 5%, with 4.1% of the decrease attributable to a shift in the timing of Easter, which falls on April 20 this year compared to March 31 last year.  

April 3, 2014

Walgreens on Thursday reported March sales of $6.4 billion, an increase of 4.5% as compared with the same month in fiscal 2013.

DEERFIELD, Ill. — Walgreens on Thursday reported March sales of $6.4 billion, an increase of 4.5% as compared with the same month in fiscal 2013.

With Easter falling on April 20 this year compared with March 31 last year, total front-end sales decreased 2.6% in March compared with the same month in fiscal 2013, while comparable store front-end sales decreased 3.4%. Customer traffic in comparable stores decreased 4% while basket size increased 0.6%. Walgreens will report combined comparable store sales for March and April with its April sales results.

April 1, 2014

Shiseido Co. — a Japanese cosmetics manufacturer whose brands include Global Shiseido, bareMinerals and Nars — has chosen to have its American Depositary Receipts trade on OTCQX, the OTC Markets Group has announced.

NEW YORK — Shiseido Co. — a Japanese cosmetics manufacturer whose brands include Global Shiseido, bareMinerals and Nars — has chosen to have its American Depositary Receipts trade on OTCQX, the OTC Markets Group has announced.

Shiseido begins trading on April 1 on OTCQX International Premier, a segment of the OTCQX marketplace reserved for non-U.S. companies that are listed on a qualified international exchange and provide their home country disclosure to U.S. investors.  

March 28, 2014

Safeway on Friday announced the expiration of the 21-day "go-shop" period pursuant to the terms of the previously announced definitive merger agreement under which AB Acquisition has agreed to acquire all outstanding shares of Safeway.

PLEASANTON, Calif. — Safeway on Friday announced the expiration of the 21-day "go-shop" period pursuant to the terms of the previously announced definitive merger agreement under which AB Acquisition has agreed to acquire all outstanding shares of Safeway.

March 27, 2014

Fred's Super Dollar on Thursday posted sales of $495.1 million for the fourth quarter ended Feb. 1, representing an increase of 0.5% on an adjusted basis (fiscal 2012 fourth quarter was 14 weeks vs. 13 weeks in fiscal 2013).

MEMPHIS, Tenn. — Fred's Super Dollar on Thursday posted sales of $495.1 million for the fourth quarter ended Feb. 1, representing an increase of 0.5% on an adjusted basis (fiscal 2012 fourth quarter was 14 weeks vs. 13 weeks in fiscal 2013). Total sales for fiscal 2013 totaled $1.9 billion, representing a 1.4% on an adjusted basis.  

March 25, 2014

Safeway on Monday announced that its board of directors declared a special stock dividend to its stockholders of all of the 37.8 million shares of Class B common stock of Blackhawk Network Holdings owned by Safeway, representing approximately 94.2% of the total outstanding shares of Blackhawk's Class B common stock and approximately 72% of the total number of shares of Blackhawk common stock of all classes outstanding.

PLEASANTON, Calif. — Safeway on Monday announced that its board of directors declared a special stock dividend to its stockholders of all of the 37.8 million shares of Class B common stock of Blackhawk Network Holdings owned by Safeway, representing approximately 94.2% of the total outstanding shares of Blackhawk's Class B common stock and approximately 72% of the total number of shares of Blackhawk common stock of all classes outstanding. 

March 25, 2014

Walgreens on Tuesday posted a sales increase of 5.1% to $19.6 billion for the second quarter ended Feb. 28. First-half sales were up 5.5% to $37.9 billion.

DEERFIELD, Ill. — Walgreens on Tuesday posted a sales increase of 5.1% to $19.6 billion for the second quarter ended Feb. 28. First half sales were up 5.5% to $37.9 billion. 

March 13, 2014

An unrelenting Dollar General continues to push forward with plans to open 700 stores this year despite reporting weak financial results and a 1.3% same-store sales increase for the fourth quarter.

GOODLETTSVILLE, Tenn. — An unrelenting Dollar General continues to push forward with plans to open 700 stores this year despite reporting weak financial results and a 1.3% same-store sales increase for the fourth quarter.

March 13, 2014

Many retailers have pointed to a persistent and severe winter for weak holiday and fourth-quarter sales. But according to the National Retail Federation, retail sales rebounded in February.

WASHINGTON — Many retailers have pointed to a persistent and severe winter for weak holiday and fourth-quarter sales. But according to the National Retail Federation, retail sales rebounded in February.

The NRF said that February retail sales, excluding automobiles, gas stations and restaurants, increased 0.2% adjusted month-to-month and 2.3% unadjusted year-over-year.

March 6, 2014

Fred's Super Dollar on Thursday posted $157.5 million in sales, representing a decline of 1%, for the four weeks ended March 1.

MEMPHIS, Tenn. — Fred's Super Dollar on Thursday posted $157.5 million in sales, representing a decline of 1%, for the four weeks ended March 1. Comparable store sales for the month decreased 2.2% compared with a decrease of 1.5% in the prior-year period.

“In the pharmacy department, we will continue to accelerate new pharmacy acquisitions and focus on our plan for EIRIS Health Services, Fred's specialty pharmacy unit, which is experiencing solid script and sales growth in this fast-expanding segment of the pharmacy industry," noted Bruce Efird, Fred's CEO.

March 6, 2014

Kroger danced around "the elephant in the room" in declining to discuss future merger and acquisition plans on its fourth-quarter conference call Thursday morning.

CINCINNATI — Kroger danced around "the elephant in the room" in declining to discuss future merger and acquisition plans on its fourth-quarter conference call Thursday morning. While neither Kroger executives nor analysts actually referenced any potential Safeway transaction, Rodney McMullen, Kroger CEO did provide some color as to what strategic opportunities the company would be interested in: "The thing that was attractive about Harris Teeter as a transaction — it's a well-run company that overall we admired a whole lot," he said.