Ralphs Unveils Lower-Price Policy
Los Angeles Ralphs Grocery Co. is initiating a lower-price policy that involves reductions on goods that customers buy most often, according to the Los Angeles Times.
The 262-store chain in Southern California is planning to cut prices on thousands of popular goods.
It also plans to rework its loyalty-card programs to allow shoppers to earn points based on purchases and collect cash rebates.
The grocer also changed its double-coupon program, capping the savings a shopper can collect.
Bed Bath & Beyond posts 1Q earnings drop
UNION, N.J. Bed Bath & Beyond has reported net earnings of 30 cents per diluted share ($76.8 million) in the fiscal first quarter ended May 31, compared with net earnings of $.38 per diluted share ($104.6 million) in the same quarter a year ago.
Net sales for the fiscal first quarter of 2008 were approximately $1.65 billion, an increase of approximately 6.1% from net sales of $1.55 billion reported in the fiscal first quarter of 2007. Comparable-store sales for the fiscal first quarter of 2008 increased by approximately 0.8%, compared with an increase of approximately 1.6% in last year’s fiscal first quarter.
New site launches for Wal-Mart Marketside
BENTONVILLE, Ark. Wal-Mart has launched a new site for its Marketside concept at www.marketside.com.
The site includes information about the concept, which Wal-Mart said offers “a wide selection of complete meal solutions, fresh ingredients, and everyday favorites at affordable prices — all in one easy-to-shop store.” In addition, the site provides information on how to apply to positions within the stores and where the stores are located.