Coffee Bean & Tea Leaf generates social success
Los Angeles – The Coffee Bean & Tea Leaf has experienced significant lift across key social metrics such as local Facebook fans and impressions using the MomentFeed location-based marketing platform.
MomentFeed initially registered all local Facebook pages and Foursquare venues with corrected geocodes (lat/longs), proper branding, and accurate contact details for The Coffee Bean & Tea Leaf. With this infrastructure in place, the retailer has leveraged MomentFeed’s publishing and CRM capabilities to curate the best Instagram photos from their customers and share them to either its corporate brand page on Facebook or the local Facebook page that corresponds to the photo location.
Another important part of the strategy has been responding directly to customers that have captured their experiences with the brand across locations via Instagram, which MomentFeed Enables. The Coffee Bean & Tea Leaf has seen results including a total increase in local Facebook fans of 136% and average monthly increases of 36% in local engagement, 46% in local impressions and 53% in local reach.
“During this past year we have been able to further strengthen our customer relationships and increase engagement in a scalable way,” said Patrice Anderson, director of e-commerce and social media at The Coffee Bean & Tea Leaf. “The MomentFeed solution gives us a highly efficient set of tools to connect with customers based on their local experiences in an effort to drive them back to our stores.”
Legendary Whitetails selects NGC PLM solution
Miami — Legendary Whitetails, a casual hunting gear and lifestyle apparel marketer, has selected NGC’s PLM, Supply Chain Management (SCM) and Raw Materials Management software.
Prior to selecting NGC’s software, Legendary Whitetails used a multitude of spreadsheets and databases to manage its vertical product development processes, causing delays in its supply chain and lengthening its time to market. Legendary Whitetails expects a number of key benefits from NGC’s software, including improved workflow management, reduced time to market a, centralized and collaborative data access and advanced raw materials management.
“We were shortcutting processes to make delivery dates and in many cases even compromising quality,” said Tom Johnson, executive VP and general manager of Legendary Whitetails. “With our aggressive growth and new product development schedule we recognized that a PLM solution would have a huge impact on our workflow and processes.”
Expenses, profits bite Village Super Markets net income
Springfield, N.J. – Village Super Market reported net income of $6.2 million during fourth quarter 2013 and $25.8 million during the full fiscal year. These figures were respectively down 31% from $9 million and 18% from $31.4 million year-over-year.
The retailer cited the negative impact of higher expenses and lower gross profits as contributing to its drop in net income.
Sales were $376.3 million in the fourth quarter of fiscal 2013, an increase of 1.7% from $369.5 million the fourth quarter of the prior year. Same-store sales also increased 1.7%. Full-year sales totaled $1.48 billion, up 4% from $1.42 billion. Economic weakness, high gas prices and high unemployment have resulted in increased item penetration and customers trading down. Same-store sales grew 1.7% in the fourth quarter and the company expects same-store sales in fiscal 2014 to increase from 1.5% to 3.5%.
Village Super Market operates a chain of 29 supermarkets under the ShopRite name in New Jersey, Maryland and Eastern Pennsylvania.