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ReportersNotebook — General Merchandise, 12/10/12
RETAILER NEWS — Walgreens launched Ology, a nationally accessible and affordable brand formulated to be free of harmful chemicals. Exclusive to Walgreens’ family of companies, the Ology brand features a line of household cleaners, as well as baby and personal care products.
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Kroger 3Q earnings don't disappoint as food retailer posts 36th consecutive same-store sales growth
CINCINNATI — Kroger remained one of the few outperforming supermarket operators Thursday morning as the grocer exceeded analyst consensus adjusted earnings per diluted share by 3 cents with 46 cents per share. Actual reported net earnings were even higher — 60 cents per share — as Kroger benefitted from a settlement with Visa and MasterCard and from a reduction in the company's obligation to fund the UFCW consolidated pension fund created in January.
Kroger shares were up 3.4% to $25.90 in late morning trading.