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Sanderson Farms swings to loss on 18% higher sales
TEL AVIV (MarketWatch) -- Sanderson Farms Inc., the Laurel, Miss., chicken and prepared-foods producer, swung to a fiscal third-quarter loss from a year-earlier profit on 18% higher sales. For the quarter ended July 31, the loss was $3.6 million, or 18 cents a share, compared with net income of $30.7 million, or $1.51, in the year-earlier period. Revenue reached $466.9 million from $394.8 million. The latest quarter's share loss reflects a 9-cent payment to settle litigation. A survey of four analysts by FactSet Research produced a consensus estimate of a loss of 5 cents for the quarter. The results reflect relatively strong retail and export demand for chicken, but the company's casual-dining and food-service customers have been hurt as consumers cut back on going to restaurants due to the weak economy and costlier fuel, Chairman and Chief Executive Joe F. Sanderson Jr. said in a statement. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com  –  Aug 26, 2008 10:49 AM [GMT]  ¦  comment?
found in Business: Markets
Report: Need more stores
Salinas could be raking in millions of dollars more each year from retail sales, according to a study going before the City Council today. According to a retail analysis by Fort Worth-based Buxton Co., Salinas loses about $2.3 million in potential sales tax revenue annually because people choose to shop elsewhere.
TheCalifornian.com  –  Aug 26, 2008 09:45 AM [GMT]  ¦  comment?
found in Local: California: Monterey
Dell XPS M1330-126B
Dell offers a suitable competitor to the 13-inch Apple MacBook in its XPS 1330, but we wish this retail version had some more recent components
ZDNet  –  Aug 26, 2008 09:15 AM [GMT]  ¦  comment?
found in Technology: Product Reviews
Tax plan would entice business
Call it a tax reinvestment, not a tax giveaway, say Bonney Lake officials of their proposed incentive plan to bring more retail businesses to the city.
The News Tribune  –  Aug 26, 2008 08:54 AM [GMT]  ¦  comment?
found in Local: Washington: Seattle-Tacoma
Show more concern for West Side retail
I just read the Aug. 18 Dispatch article "Morse Road's new face," and the fact the $9.4 million is being spent to revitalize the retail corridor between 1-70 and Cleveland Avenue. All we have heard for the past three or four years is how sad it is that the Northland Mall area has lost its commercial strip. What about the West Side?
Columbus Dispatch  –  Aug 26, 2008 07:07 AM [GMT]  ¦  comment?
found in Politics: Opinions
Wal-Mart Pares Costs By Selling Local Produce
The retail giant defines produce grown in the same state as "locally grown." But advocates of locally grown food say only produce with short traveling times deserve the label.
NPR.org  –  Aug 26, 2008 04:41 AM [GMT]  ¦  comment?
found in Business
Retail price controls squeeze Chinese oil giant PetroChina
PetroChina, the traded unit of the country's leading oil and gas producer, is expected to report that its first-half net profit fell by at least a third, as losses in its refining business eroded gains from surging crude oil prices.
International Herald Tribune  –  Aug 26, 2008 04:31 AM [GMT]  ¦  comment?
found in Top Stories
Dead space
When Nathan Wiens acquired an empty funeral home in the Downtown Eastside three years ago, he intended to turn part of it into a studio for his furniture design business. The only hitch: It turned out the space he'd planned for the studio was required parking for the funeral home. ''I had no choice but to invent a business.' So Chapel Arts - a venue for artists and community groups to show art and hold events - was born. ''The art gets exposed to a much more diverse viewing population than a lot of galleries because of the events, and that makes up greatly for the lack of retail traffic in the neighbourhood.'
The Globe and Mail  –  Aug 26, 2008 04:00 AM [GMT]  ¦  comment?
found in Canada: British Columbia
DMSRetail brings The Retail Management Workshop to Chicago – September 24-25-26, 2008
From sophisticated retail business analytics to good, old fashioned customer service strategies, DMSRetail brings it all together in a fast paced 3 day workshop designed for retail managers and retail business owners alike.
1888PressRelease.com  –  Aug 26, 2008 12:00 AM [GMT]  ¦  comment?
found in Top Stories: Press Releases
Realtors Say Charlottesville Retail Market a Mixed Bag
New economic research looking at the greater Charlottesville retail market is coming back with mixed results.
WVIR NBC29  –  Aug 25, 2008 11:53 PM [GMT]  ¦  comment?
found in Local: Virginia: Charlottesville