Safeway posts higher quarterly profit
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Safeway Inc. , the No. 3 U.S.  grocer, posted a higher quarterly profit on Thursday, as  remodeled stores, fresh produce and prepared meals helped it to  lure shoppers.
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Target Corp. , the No. 2 U.S. discount retailer, on Thursday posted a higher quarterly profit, boosted by stronger sales and gains from the sale of its Mervyn's department store chain.
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Safeway (NYSE:SWY) Inc.'s second-quarter profit slipped 11 percent because of an unusual twist on its income taxes, but the second largest U.S. grocer remained on a sales upswing that has been propelled by a makeover of its stores.
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Rite Aid Corp. , the  third-largest U.S. drugstore chain, posted a higher quarterly  profit on Thursday as an income tax benefit and a gain on asset  sales offset acquisition costs.
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The food maker General Mills reported a slightly higher profit in its latest quarter on Wednesday, as stronger sales offset rising costs for ingredients and price increases did not faze consumers.
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Loblaw Cos Ltd. L.TO, Canada's  largest grocery store chain, reported a higher third-quarter  profit on Friday, as stronger sales in non-food categories  helped boost overall sales by 6 percent.
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The home furnishings retailer reported quarterly profit of $25.97 million on an improvement at its Pottery Barn chain, sending its shares up as much as 11 percent.
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TJX Cos Inc  said on Tuesday that quarterly net profit rose, as it managed its inventories and drove shopper traffic with better marketing and merchandising initiatives.
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Kroger Co. , the largest U.S.  grocery chain, posted a higher quarterly profit on Tuesday as  it attracted shoppers with remodeled stores featuring a better  selection of products, and it got an unexpected tax benefit.
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Walgreen Co. , one of the largest U.S. drugstore chains, posted a higher quarterly profit on Monday, boosted by new stores and an inventory credit.
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Grocery chain operator Safeway Inc.  SWY.N on Wednesday set a 2005 earnings per share goal that  was below analysts' expectations, with added marketing expenses  and lingering impact from a strike at its Vons stores weighing  on profits.
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Clothing retailer Limited Brands Inc. (LTD.N) on Thursday posted a sharply higher quarterly profit, lifted by a rise in sales at stores open at least a year.
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WM Morrison shares jumped sharply yesterday after it reported strong sales at Safeway stores converted to the Morrisons name and said it would speed
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Teen retailer Abercrombie & Fitch Co   posted higher quarterly earnings on Friday, as a lower  theft rate and wider profit margins early in the quarter  overshadowed deeper discounts later.
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Safeway Inc. SWY.N on Thursday  agreed to pay $245,000 and boost its efforts to curb under-age  cigarette sales to settle a California lawsuit charging the  grocer with selling tobacco products to minors.
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British supermarket Tesco, the country's biggest retailer, said that its net profit rose by almost a quarter during the first half of its financial year as it attracted more customers.
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Safeway Inc. , the  third-largest U.S. grocery chain, posted a jump in  second-quarter profit on Thursday, aided by strong sales of  gasoline and a benefit related to a tax refund.