Bi-Lo’s Winn-Dixie goes with KSS Retail for price and promotion optimization
Cincinnati — KSS Retail, a division of Dunnhumby, announced that Bi-Lo Holding, the Jacksonville, Fla.-based parent company of Bi-Lo and Winn-Dixie grocery stores, has extended its business relationship with KSS Retail to include price modeling and optimization services for the Winn-Dixie banner.
The company’s Winn-Dixie stores hope to leverage the KSS Retail optimization solution to model pricing and promotions to ensure that it is delivering even greater value for customers. The solution is designed provides real-time modeling of regular and promotional pricing with the ability to look at pricing by price zones, as well as customer segments.
“The KSS price optimization tool has strengthened Bi-Lo’s value message with consumers by focusing their pricing efforts on the right items and the right locations,” said Bruce Steadman, group VP of local merchandising and owned brands. “The combined company will leverage this success across both banners, further enhancing the customer experience and ensuring that customers are provided with the best possible prices on all the products they regularly purchase with us.”
Melitta launches Keurig killer
JavaJig is the name of a clever little item from Melitta that enables owners of single serve coffee makers to avoid the expense of prefilled cups.
Plenty of consumers love their Keurig machines – 1.4 million of them were sold by parent company Green Mountain Coffee Roasters the third quarter ended June 23 – but those darn K-cups are pricy. For example, Target featured a Keurig machine on the cover of its circular this week with a promotional price of $10.99 for an 18 count pack of Folgers or Millstone brand K-cups. That works out to 61 cents a cup.
Mellita’s solution is to use the JavaJig which is essentially a single cup filter system designed to fit brewing machines such as Keurig. A tiny filter is placed inside a small plastic basket which the user can then fill with their preferred brand of coffee and insert in the brewer. The JavaJig will be available nationwide at major grocery and specialty retailers next month. A starter pack, which includes two filter cups and 30 single-serve filters, will retail for $8.99 with refill packs of 60 filters costing $3.99.
"We’re excited to add the Melitta JavaJig to our ever-expanding selection of premium coffee products. With this filter system, we’re offering consumers an easy and environmentally friendly alternative for single-serve brewing – all at a great value," said Chris Hillman, Melitta’s vp of marketing.
Although much less expensive on a per cup basis, the JavaJig does require extra work on the part of users who have to fiddle with placing the filter in the holder and filling it with ground coffee all to make a single cup. Keurig machine and K-cups enjoy a considerable convenience, but Melitta’s offering will allow do-it-yourselfers to save some bucks.
Home Depot to close its big box stores in China
The Home Depot will close its remaining seven big box stores in China, the company announced late yesterday, in order to shift its focus to specialty stores and online offerings in that market.
No date was given for when the Atlanta retailer would begin the closures. Although it is abandoning the big-box format, Home Depot said it is maintaining a new formats team to continue research and development activities in China. In addition, the company will continue to operate two recently-opened specialty stores, a paint and flooring store and a Home Decorators Collection store, both of which are located in Tianjin. Home Depot is also in the beginning stages of developing relationships with several of China’s leading e-commerce websites, a combination which the company believes is more tailored to Chinese customers’ needs and shopping preferences.
"We’ve learned a great deal over the last six years in China, and our new approach leverages that experience and reflects our continuing interest in providing value to Chinese customers, as well as our shareholders," said president and CEO Frank Blake in a statement released by the company.
Home Depot entered China with the purchase of the Home Way, a Tianjin-based chain of DIY warehouses, at the end of 2006. The Atlanta retailer spent the next year remodeling and rebranding 12 stores in 6 cities in a region southeast of Beijing. Home Depot expanded its presence, at one time operating a store in Beijing, but then ran into many of the same challenges as European retailers like OBI and B&Q. For a number of reasons, the Chinese home-improvement market never measured up to its initial retail promise. Home Depot began consolidating in 2009 and continued to close underperforming stores.
The closing will affect approximately 850 people.
“China has been a journey,” Blake told a group of investors in December of 2010. “I don’t think we’re alone in having it take some time to figure out how to build a profitable business model. We’ve said from the start that we’re not there to drive square footage growth. We’re there to figure out a profitable business model and then move.”