BUSINESS
By From Sun news services | January 9, 2009
Economic gloom, as expected, dragged down Christmas sales at retailers throughout the U.S., with discounters like Wal-Mart, luxury vendors like Neiman Marcus and pretty much everybody in between saying that their holiday season results were poorer than expected. In the first wave of what is expected to be a steady flow of bad news from the retail sector in early 2009, individual companies yesterday began reporting December results and announcing steps to cope with the disappointing sales and profits.
BUSINESS
By Andrea K. Walker | March 23, 2007
Sales at Giant Food declined yet again in the fourth quarter of last year, but the grocer's parent company said that it has seen positive results from a price reduction program it recently implemented at the supermarket chain. Dutch food company Royal Ahold NV, which owns Giant, also said plans to sell Columbia-based U.S. Foodservice, the food distributor it also owns, are on track for later this year. "It's good to be a seller when there is a lot of interest," Ahold President and CEO Anders Moberg said in a conference call with analysts yesterday.
BUSINESS
By Andrea K. Walker | April 22, 2007
Two years ago, Wal-Mart began a counterassault on its critics, launching a re-imaging campaign to thwart those who had successfully painted an unsavory picture of the company as an employer who didn't treat or pay its workers well, among other things. The world's largest retailer embarked on a public relations blitz, introducing initiatives to portray it as more environmentally friendly, more in tune with the communities where it was building and as a better employer to its workers. The strategy has succeeded in some areas, but the company remains a target of criticism on other fronts.
BUSINESS
By Hanah Cho | October 14, 2007
Shoppers scouring for good buys at bargain magnet C-Mart can see the changes on the sales floor. Workers replaced handwritten price tags with bar-coded tickets. Computerized machines are in, while old-fashioned cash registers are out. By January, with a click of a mouse, customers should be able buy discount designer clothes and furniture now found only at C-Mart's Joppatowne and Landover stores. C-Mart's new owners want to build the company into a national retailer. That is a challenging proposition: trying to balance the roots of this paper-and-pencil enterprise against ambitious goals to become a big chain.
BUSINESS
By Meredith Cohn | March 23, 2007
The fresh trout, $6.99 a pound, lay glistening on ice in a case at the Reisterstown Road Giant Food in Owings Mills earlier this week. There also was tilapia and cod and shrimp nestled in the frosty chips. But during the next few months, the familiar case of seafood dinner choices at this store and more than 50 Giant outlets in the region will be removed. In their place will be refrigerators and freezers filled with pre-packaged fish as the grocery chain moves to a self-service system in a little over a quarter of its 190 stores in the region.
FEATURES
By Stephanie Shapiro | May 27, 1999
Thomas Faulk, an assistant attorney general, has mastered the natty barrister look: Crisp and pressed with a playful mix of colors and patterns. Faulk, 37, suspects it's a style that transcends that of your typical corporate lawyer, who tends toward white shirts and a limited suit palette.Faulk, who lives in West Baltimore, attributes his attention to appearance to his grandmother, and to his heritage. "Clothes are an important part of the black experience," he says. "It's definitely something that's stressed in terms of how you present to the community, a reflection of family ... I was raised by my grandmother and extended family.
BUSINESS
By Lorraine Mirabella | January 22, 1999
Independent grocer Valu Food is poised to emerge from Chapter 11 bankruptcy by spring and later in the year plans to start remodeling stores and looking for new sites, the chain's president said yesterday.Louis Denrich, in comments to the 265-member Baltimore/Washington Grocery Manufacturers Representatives Inc., sought to reassure many of his suppliers of the chain's viability.The locally owned chain is the sixth-largest in the Baltimore region with 10 supermarkets. It filed for Chapter 11 protection in November, with an estimated $3.5 million owed to its 20 largest creditors.
BUSINESS
By Mark Ribbing | September 10, 1999
Hechinger Co.'s announcement that it will close its remaining stores begs a basic question: who's going to occupy all that space left behind by one of the Baltimore area's oldest and most entrenched retail chains?It's a question that is likely to intrigue the commercial real estate community for some time to come.Susan B. Anderson, vice president of H & R Retail Inc. in Timonium, called the liquidation and dispersion of the Hechinger properties "a big deal."She said the sheer diversity of the chain's holdings makes it impossible to generalize about what will become of the properties.
BUSINESS
By BLOOMBERG NEWS | August 11, 1999
BENTONVILLE, Ark. -- Wal-Mart Stores Inc.'s fiscal second-quarter profit rose 21 percent as the expanding U.S. economy and a push into groceries boosted sales. The world's largest retailer also clamped down on costs.Net income rose to $1.25 billion, or 28 cents a share, from $1.03 billion, or 23 cents, a year ago, the company said yesterday. Sales in the quarter that ended July 31 rose 15 percent to $38.5 billion from $33.5 billion.Wal-Mart's low prices, combined with rising wages and high employment, lifted sales of everything from electronics to clothing.
BUSINESS
By Lorraine Mirabella | May 7, 1999
Strong consumer spending in April boosted retail sales above expectations at the nation's biggest chain stores, despite an Easter holiday that fell in March this year.Spring apparel and home goods led the way for average sales to rise above the 3 percent analysts had predicted.But some major chains, notably Target and Sears, Roebuck and Co., reported lower sales.Specialty stores such as AnnTaylor Stores Corp., Limited Inc. and Talbots fared especially well, which the chains said should lead to better-than-expected first-quarter earnings, to be released later this month.