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SAP releases InfiniteInsight predictive analytics solution

BY Dan Berthiaume

Walldorf, Germany – SAP is releasing the new InfiniteInsight solution. Based on patented automation technology from KXEN, an SAP company, the solution is designed to provide businesses the ability to deploy predictive analytics across the enterprise.

Capabilities of SAP InfiniteInsight include analytical data sets for predictive modeling, automated modeling, optimized scoring equations, and factory capability for model refreshes as needed.

"We are excited that our leading predictive analytics solutions are now available to SAP customers bundled with predictive and visualization capabilities," said John Ball, CEO, KXEN. "We feel that we are in a unique market position to offer unmatched analytics breadth and depth in the marketplace and leveraging the real-time Big Data capabilities of SAP HANA can deliver predictive solutions easily consumed by the business and which provide tremendous value."

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FINANCE

Burlington Coat Factory shrinks net loss

BY Dan Berthiaume

Burlington, N.J. – Burlington Coat Factory shrunk its net loss to $7.4 million from $16.8 million during the third quarter of fiscal 2013, compared to the same period a year earlier.

The retailer also increased net sales 10% to $1.06 billion, from $967.9 million.

Burlington said the net sales increase was primarily attributable to a $53.2 million increase in sales related to new stores and stores previously opened that are not included in same-store sales, and a $37 million, or 3.9%, increase in same-store sales.

“We are pleased to be reporting strong results in our first quarter as a public company, following the successful completion of our initial public offering in October,” said Tom Kingsbury, president and CEO. “We are continuing to improve our execution, as we delivered a 28.3% increase in adjusted EBITDA, a 10.0% overall sales growth and a 3.9% comparable store sales increase.”

Looking ahead, the retailer expects same-store sales to increase 2%-3% in the fourth quarter of fiscal 2013, compared to the prior year.

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REAL ESTATE

Casey’s improves net income 24% in Q2; plans 70-105 new stores annually

BY Dan Berthiaume

Ankeny, Iowa – Casey’s General Stores’ net income rose more than 24% during the second quarter of fiscal 2014, to $41.3 million from $32.8 million. The company also boosted revenue 5% to $2.01 billion from $1.91 billion.

Casey’s annual goal is to build or acquire 70 to 105 stores and replace 20 existing locations. Through the first six months of fiscal 2014, the company has built 14 new stores and acquired an additional 22, and also completed 14 replacement stores as well as 19 major remodels. Casey’s currently has 34 new stores and 14 replacement stores under construction, as well as five stores under written agreement to acquire.

“For the second quarter, total inside sales were up 15.5%, and total gasoline gallons sold increased 9.8% compared to the same quarter a year ago,” said chairman and CEO Robert J. Myers. “The company is pleased with the growth and customer count lift associated with the various initiatives we have put in place.”

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