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Ontario to allow beer sales in 450 grocery stores, sell 60% of Hydro One

2015-04-16 19:15:30| Energy - Topix.net

Ontario's Liberal government plans to hike the tax on beer and sell a majority stake in Hydro One, a huge transmission utility, to raise about $4 billion to fund infrastructure projects. The government's revised agreement with the foreign-owned Beer Store shows it will raise $100 million a year "by applying a volumetric tax or markup" on all beer sold in Ontario.

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Restaurant sales outshined spending in grocery stores

2015-04-15 16:12:00| National Hog Farmer

For the first time since 1992, sales at food establishments surpassed spending at the grocery store in March. The surge in spending on food away from home is positive for the meat sector, especially after a sluggish start to the year due to harsh winter conditions in heavily populated areas. Content Classification:  Curated read more

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Publix continues battle with Kroger for North Carolina with new stores in metro Charlotte, Raleigh

2015-04-14 21:09:36| Grocery - Topix.net

Publix Super Markets Inc. continues to focus heavily on North Carolina, this time by buying two vacant grocery stores in the Charlotte and Raleigh areas. The Lakeland-based grocer said Tuesday that it acquired two vacant Lowes Foods stores, in Cary and Gastonia.

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Century 21 Department Stores Expands Beyond Northeast

2015-04-14 17:29:00| National Real Estate Investor

Century 21 Department Stores continues to expand outside its New York metro footprint. Following its fall 2014 opening in Philadelphia, the chain recently inked a lease for an 85,000-sq.-ft. store in Sawgrass Mills in South Florida. The new location will be the first outside of the Northeast when it debuts in fall 2016. read more

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Ethan Allen says measures to overhaul its stores to weigh on earnings

2015-04-14 17:08:10| Furniture - Topix.net

"As we have discussed, these initiatives are very important for the long-term, but there will be some disruption in the short-term due to continued sell off of floor samples, implementing new product through our manufacturing and increasing our operating expenses," Chief Executive Farooq Kathwari said in a statement. The company is expecting third-quarter EPS of 18 cents, below the FactSet consensus of 22 cents.

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