business news in context, analysis with attitude

• The St. Louis Post Dispatch reports that Schnuck Markets plans to open a new small format store - 37,000 square feet and with a strong focus on fresh foods - in Warrenton, Missouri, this fall.

According to the story, “The announcement of the new Warrenton store coincides with the closing of two Schnucks in Rockford, Ill. Workers at those locations will transferred to other Schnucks locations, the company said.”

• Publix Super Markets said that its sales for the first quarter of 2018 were $9.3 billion, a 6.8 percent increase from last year’s $8.7 billion. Same-store sales were up 5.1 percent, while net earnings for the first quarter of 2018 were $680.3 million, compared to $555.3 million in the first quarter of 2017, an increase of 22.5 percent.”
KC's View: