Roundy’s to sell 18 Rainbow stores
Minneapolis — Grocery retailer Roundy’s said it had entered into definitive agreements to sell 18 Rainbow stores in the Minneapolis/St. Paul market to a group of local grocers, including Supervalu.
The sale price is $65 million, and Roundy’s said it is seeking buyers for a remaining nine Rainbow stores so that it can fully exit the Minneapolis/St. Paul market.
The transaction is expected to close during the third quarter of this year.
Vitamin Shoppe profit flat in Q1; 60 stores on tap
North Bergen, N.J. — Vitamin Shoppe reported flat net income for the first quarter, at $20.5 million. Sales during the period grew 10.3% to $307.8 million, boosted by e-commerce strength, and same-store sales increased 3.6%.
“We are continuing to make investments in our omni-channel initiative to further enhance our customers overall experience," said Tony Truesdale, CEO.
The company opened nine stores in the quarter, including one in Canada. It said it plans to open 60 new stores in 2014.
Zachys taps SLI Systems for e-commerce search and shopping improvements
San Jose, Calif. — Software as a service search provider SLI Systems said that retailer Scarsdale, N.Y.-based Zachys Wine & Liquor has put in place SLI’s cloud services and has seen online conversions and per-visit value nearly double that of the site average.
According to SLI, Zachys saw use of its search box by visitors increase one third and is now looking to expand its use of SLI’s learning-based services to include site navigation pages as a revenue-boosting strategy.
Zachys operates one brick-and-mortar wine shop in Scarsdale, N.Y., and has created a nationwide wine and liquor retailing business through its e-commerce site. "We specialize in high-end and hard-to-find wine," said Victor Castro, director of e-commerce at Zachys. "[Customers] know what brands they like, so they don’t browse when they come to our website – they search."
Zachys chose SLI Systems’ Learning Search, Site Champion and Rich Auto Complete e-commerce acceleration services to replace the limited search functionality previously available on its e-commerce site.