Festival Foods selects KSS Retail for price and promotion optimization
Florham Park, N.J. Festival Foods announced Wednesday that it has selected KSS Retail’s PriceStrat solution for price modeling, forecasting and optimization.
“We have built our success by creating and maintaining an intense focus on customer service, and we were looking for a system that could help us enhance that ability,” said Mark Skogen, president, Festival Foods, Onalaska, Wis., which operates 13 stores in Wisconsin. “By modeling both pricing and promotions, the KSS Retail solution will help us better understand our customers and ensure that we are delivering value for their shopping experience, to always bring them back.”
PriceStrat is KSS Retail’s integrated software application that manages both regular and promotional pricing and enables retailers to model what-if pricing scenarios for both fresh and grocery products, facilitating pricing decisions that are more timely and effective in optimizing sales and value for customers.
RadioShack extends partnership with Lance Armstrong
FORT WORTH, Texas RadioShack’s chairman and CEO Julian Day announced at the company’s annual meeting on May 24 that RadioShack has expanded its partnership with Lance Armstrong and the Livestrong foundation. The company said it will introduce exclusive Livestrong-branded products and accessories in all stores beginning in July.
DSW sees improved sales, earnings for Q1
COLUMBUS, Ohio DSW announced net income of $30.2 million on net sales of $449.5 million for the first quarter ended May 1, compared with net income of $7.1 million on net sales of $385.8 million for the first quarter ended May 2, 2009. Same-store sales increased 16.2% versus a decrease of 4.7% last year.
Diluted earnings per share were 67 cents for the first quarter of fiscal 2010 compared with diluted earnings per share of 16 cents last year.
The company reiterated its estimate of an increase in annual comparable-store sales of approximately 6% to 8% and annual diluted earnings per share of approximately $1.65 to $1.75 for fiscal 2010. The estimated year-over-year earnings increase is expected to occur in the first six months of fiscal 2010. The second half performance implied in the guidance recognizes the more challenging last year comparisons for both sales growth and merchandise margins.