FINANCE

PriceSmart sees sales bump in February

BY Dan Berthiaume

San Diego – During February 2014, net sales at PriceSmart Inc. increased 11% to $182.8 million from $164.7 million in February a year earlier. For the five weeks ended March 2, 2014, same-store sales for the 30 warehouse clubs open at least 13 1/2 full months increased 5.3% compared to the same five-week period the previous year.

There were 32 warehouse clubs in operation at the end of February 2014, compared to 30 warehouse clubs in operation in February 2013.

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News

Pizza Hut plans interactive tables

BY Dan Berthiaume

Plano, Texas – Pizza Hut is planning to pilot interactive tables that allow customers to design their pizzas using a touch-screen table surface that graphically displays different menu options like a tablet. In a short online video, Pizza Hut shows a couple interacting with a tabletop to pick their pizza’s size and ingredients.

The video, which has no dialogue and minimal descriptive text, also shows the couple placing their smartphones on the tabletop, presumably for automatic payment as well as other personalization features. The text accompanying the video says the tabletop “could be the future of the dine-in ordering experience.” The video was made by Chaotic Moon Studios, but no IT vendor is mentioned.

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REAL ESTATE

Tile Shop opens Albuquerque store

BY Dan Berthiaume

Minneapolis – The Tile Shop has expanded its presence into New Mexico with the opening of its Albuquerque store. The Tile Shop’s new 22,000-sq.-ft. Albuquerque location features fully decorated, room-size displays — kitchens, baths, and other spaces within a home, as well as premium lighting and plumbing fixtures that allow homeowners to see what their Tile Shop tile and stone will look like installed in their home.

“There continues to be a strong desire to have hard surface flooring, particularly given the arid and temperate climate in this region,” said Carl Randazzo, senior VP of retail for The Tile Shop. “We’re excited to join the Albuquerque community, introduce them to our incredible selection of high quality, affordable tile and a ‘Beautiful Made Easy’ customer experience, while helping them achieve their tile project vision for their homes.”

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