Take stock – July 2

Got a craving for food at 3 a.m. but your fridge is empty? A solution now exists at Red Deer’s Village Mall Sobeys.

Village Mall Sobeys open 24 hours

Got a craving for food at 3 a.m. but your fridge is empty? A solution now exists at Red Deer’s Village Mall Sobeys. The 6380 50th Ave. grocery store at one of 15 Sobeys outlets in Alberta that are open 24 hours a day, seven days a week — beginning today. Another Sobeys store in British Columbia and five in Saskatchewan are now also operating continuously, with four more in Manitoba closing only on Sundays at 6 p.m.

“We recognize that our customers lead busy lives and that they often need to do their shopping outside of traditional grocery store hours,” said Trevor Bartlett, senior vice-president, merchandising for Sobeys West, in a news release.

Headquartered in Stellarton, N.S., Sobeys Inc. owns or franchises more than 1,300 stores across Canada under the Sobeys, IGA and several other banners.


U.S. manufacturing index slows in June

NEW YORK — An industry trade group’s manufacturing index slipped in June, but was still at a level that suggests growth in the industrial sector.

The manufacturing sector has been one of the U.S. economy’s bright spots for nearly a year as companies restock inventories and replace old equipment.

The Institute for Supply Management said its index fell to 56.2 last month from 59.7 in May.

That was a steeper drop than economists expected. They were looking for a reading 59 for last month, according to a survey by Thomson Reuters.

A reading above 50 indicates expansion.

But the upward momentum is slowing worldwide. Surveys released Thursday in China showed a slowdown in factories’ growth as exports faltered and analysts worry that cutbacks in government lending will cool the economy’s rapid rise. Reports from Markit Economics also indicated that manufacturing sector growth in India, South Korea, Australia and Taiwan was slowing.

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