retail news in context, analysis with attitude


  • Stater Bros. continued to benefit from the Southern California grocery strike, posting record sales and earnings for its fiscal first quarter ended December 28th. Sales rose by 51% for the quarter to $1.03 billion, and net income soared to $34.6 million from $2.9 million in the year earlier period.


  • Convenience store chain 7-Eleven Inc. reported that January 2004 sales were $878.4 million, an increase of 7.6 percent over the January 2003 total of $816.0 million. Total merchandise sales for January 2004 were $583.6 million, an increase of 5.1 percent over the January 2003 total of $555.1 million. Gasoline sales for January 2004 were $294.8 million, a 13.0 percent increase compared to $260.9 million in the prior-year period.

    US same-store merchandise sales for January 2004 increased 4.8 percent, on top of a 5.9 percent increase in January 2003.


  • Coca-Cola Co. posted fourth-quarter net income of $927 million, compared with $930 million in the same period in 2002. Revenue rose to $5.18 billion from $4.8 billion.


  • Wal-Mart de Mexico (Walmex) reported fourth-quarter net profit that was the equivalent of $211 million (US), compared with $197 million (US) during the same period a year ago. Sales for the quarter were $3.3 billion, up nine percent from the same period in 2002.


  • PriceSmart, Inc., which operates warehouse club stores in Asia, the Caribbean, and Latin America, reported that January 2004 net sales decreased 5.8 percent to $45.6 million from $48.5 million a year earlier, while same-store sales were off 2.4 percent. For the five months ended January 31, 2004, net sales decreased 11.5 percent to $262.4 million from $296.6 million last year, with same-store sales off 8.7 percent.

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