retail news in context, analysis with attitude

• Belgium-based Delhaize, which generates more than half of its revenue in the US, yesterday said that its third quarter earnings before interest and tax (EBIT) rose 5.7 percent to $336 million (US). Total sales were $7.3 billion (US), up 4.8 percent compared to to a year earlier. Same-store sales in Belgium were up 4.6 percent, while in the US they were down 1.3 percent.

• Costco said that its October sales were 5.68 billion, up seven percent compared to same period a year ago. same-store sales were up five percent.

• Dollar Tree said that its third quarter sales were $1.25 billion, compared to $1.11 billion during the same period a year ago. Sa,e store sales were up 6.5 percent.

• Starbucks posted fourth quarter earnings of $150 million, up from $5.4 million during the same period a year ago. Sales were down 3.7 percent to $2.42 billion, on same-store sales that were off one percent.
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