OPERATIONS

Harris Teeter Together in Education donates more than $385,000

BY Michael Johnsen

Charlotte, N.C. — Harris Teeter Together in Education (TIE) on Monday donated more than $385,000 to participating TIE schools during the second of three payouts of the 2012/2013 school year, raising the program total to $18.7 million since 1998.

Since that time Harris Teeter has registered schools or school programs for a TIE code on harristeeter.com, and customers then have the capability to link their VIC card to up to five of those TIE codes anytime between August and May of every school year. Once the VIC card is linked, every time a customer purchases Harris Teeter brands or fills a prescription at a Harris Teeter pharmacy, Harris Teeter donates money back to the school to which the customer’s VIC card is linked.

Harris Teeter Together in Education distributes money to TIE schools and programs three times per school year; the first payout was in December, the second payout was in March, and the final payout of the 2012/2013 school year will be in June. A total of 768 schools earned a check, averaging $502 per school.

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E.Ako says:
Mar-19-2013 12:04 pm

This chain of stores
This chain of stores operates 211 Branches across the eight southern states. It is the ninety-third largest retailer in the United States. RichVonAlvensleben

E.Ako says:
Mar-19-2013 12:04 pm

This chain of stores operates 211 Branches across the eight southern states. It is the ninety-third largest retailer in the United States. RichVonAlvensleben

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OPERATIONS

Raley’s goes social with BzzAgent

BY Staff Writer

Boston — Raley’s Family of Fine Stores, a privately held supermarket chain with a presence in Northern California and Nevada, has partnered with BzzAgent, the social marketing arm of Dunnhumby, to develop the first grocery retailer advocacy online platform to further enhance its new loyalty program, Something Extra.

“Try-It” allows Raley’s to reward their best customers with exclusive access to new products based on products that they already purchase. Activities encourage consumers to share opinions and provide recommendations with Raley’s and other shoppers through face-to-face conversations and across Facebook, Twitter and the entire social web. This approach to social marketing fosters advocacy and more intimate engagement with the Raley’s brand.

Once customers initiate their Something Extra Try-It account, and begin completing surveys, they will receive “Try-It Kits” with selected product samples and will be encouraged to talk about their product experiences with friends and family.

“Something Extra Try-It is truly groundbreaking. Social marketing is important for Raley’s and this program helps us identify our best customers online and reward them with experiences they’ll want to share with their friends in social media and in person,” said David Palmer, VP marketing and consumer relationships, Raley’s.

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E.Ka says:
Mar-19-2013 05:02 am

BzzAgent is a great marketing
BzzAgent is a great marketing company. You can really rely on them in terms if you need help. - Aldo Todini

E.Ka says:
Mar-19-2013 05:02 am

BzzAgent is a great marketing company. You can really rely on them in terms if you need help. - Aldo Todini

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FINANCE

Struggling electronics market impacts Hastings revenue in Q4

BY Staff Writer

Amarillo, Texas — Hastings Entertainment reported that net income was approximately $1.2 million, or 15 cents per diluted share, for the fourth quarter ended Jan. 31, compared with a net loss of approximately $8.4 million, or $1.00 per diluted share, for the same period last year. Net loss was approximately $9.3 million, or $1.14 per diluted share, for the fiscal year ended Jan. 31, compared with a net loss of $17.6 million, or $2.05 per diluted share, for the fiscal year ended Jan. 31, 2012.

"Our revenues continue to be negatively impacted by the increasing popularity of digital delivery, rental kiosks and subscription-based services, as well as the longevity of the current video game console cycle" said John Marmaduke, CEO and chairman. "In spite of lower revenues, our pre-tax profit for the fourth quarter increased over the fourth quarter of the prior year. Further, we reduced our pre-tax loss for the fiscal year by $3.7 million, or 29%, compared to the prior year.

"As of the end of the fiscal year, we have introduced our new product categories in forty-four of our 137 superstores. These categories include consumer electronics, music electronics and accessories, hobby, recreation and lifestyle, vinyl and tablets and were the primary driver in increases in comparable revenues of 15.1% and 12.9% for the quarter and full fiscal year, respectively, in our electronics department. We are dedicating approximately 600 linear feet per store to these categories and also increasing linear footage for trends including apparel, kids and seasonal categories along with a reduction in footprint dedicated to rental, music and books. We are encouraged by the results of this change to our business model and look forward to a full year’s performance. Additionally, we plan on expanding these categories to an additional sixty-one stores in fiscal 2013."

Total revenues for the fourth quarter decreased approximately $11.5 million, or 7.5%, to $141.6 million compared with $153.1 million for the fourth quarter of fiscal 2011.

Total revenues for the fiscal year ended Jan. 31, 2013 decreased approximately $33.9 million, or 6.8%, to $462.5 million compared to $496.4 million for the fiscal year ended Jan. 31, 2012.

As of Jan. 31, 2013, the company operated three fewer Hastings superstores, as compared to Jan. 31, 2012.

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