Sprouts net income springs up in Q2
Phoenix – Sprouts Farmers Market Inc. reported net income of $30.2 million in the second quarter of fiscal 2014, more than double the $12.5 million profit reported in the same quarter a year earlier. The elimination of pre-tax loss on extinguishment of debt of $8.2 million in the first quarter of fiscal 2013 helped boost Sprouts’ net income.
Net sales in the second quarter of 2014 were $743.8 million, or a 20% increase, compared to $622.37 million in the same period in 2013. Net sales growth was driven by strong performance in new stores opened, including the company’s first new store in the Atlanta market, and a 9.5% increase in same-store sales growth.
Sprouts expects same-store sales growth in the third quarter and full fiscal year 2014.
Office Depot seeks data advantage
Office Depot’s is looking to elevate its business performance with a range of new insights and operational capabilities resulting from an expanded relationship with Teradata.
Office Depot had an existing relationship with Teradata, a leading provider of analytic data platforms, marketing applications and related services, but its involvement with the technology leader is expanding at a time when Office Depot is looking to elevate its performance in the wake of last year’s merger with OfficeMax.
"In today’s environment, business and information are increasingly complex. Detailed data integration services and platforms will continue to be central to facilitating our alignment of shared metrics, processes and operational reporting," said Todd Hale, Office Depot’s chief information officer. "We expect our Teradata environment and new database capabilities to enhance our analytic insight and business performance at a time when our data volume is growing significantly."
The newly expanded relationship with Teradata will equip Office Depot with Teradata’s latest enterprise data warehouse known as Teradata Active EDW which is designed to support the most demanding real-time workloads. For example, the system will be able to accommodate unlimited concurrent users to run queries against massive data volumes, according to Teradata.
Office Depot also plans to use a Teradata capability called Elastic Performance on Demand which allows for expansion of production analytic resources on an as-needed and pay-per-use basis. Office Depot is also replacing its current test and development environment with a Teradata Data Warehouse Appliance and plans to implement TeraData Database software.
"We are excited to play a strategic role in the next chapter of Office Depot’s evolution as they undertake a complex business and technology leap," said Dean Wold, vp of retail solutions at Teradata. "Data warehouse projects are a critical part of any IT agenda. Today’s active data warehouse has evolved into an actionable intelligence hub that integrates data from diverse business units and conveys a unified view of the enterprise. As the business environment becomes more complex, that unified view is more critical. Operational, or ‘active’ database attributes, become essential.”
CVS unveils exclusive makeup collection
CVS/pharmacy has launched an exclusive beauty collection called Makeup Academy, which includes more than 145 products within three categories: lip products, false eyelashes and makeup brushes.
"Makeup Academy is another example of our dedication to first-to-market innovation within the store brand category," said George Coleman, VP of store brands at CVS/pharmacy. "We are proud to introduce this professionally-designed, premium cosmetics and beauty accessories line, developed specifically to surprise and delight our beauty customers when they visit their local CVS/pharmacy."
Developed under the same Makeup Academy brand name as the U.K. line, the collection was designed exclusively for CVS/pharmacy with a product portfolio, distinctive and high-quality formulations, in-demand shades and refined packaging, the company said.
The collection, with prices ranging from $5 to $26, features more than 100 lip products, such as the color infused balm ($9), the lip color crayon ($8) and the liquid lipstick ($10).
The collection also offers premium brushes, including the Pro BB/CC Cream Brush ($19), as well as the Pro 5 Piece Travel Set ($21), featuring a mix of natural and synthetic fibers and short handles for definition and control.
And since lashes, according to the company, have been its fastest-growing category for the last three years, Makeup Academy offers a wide assortment of options for false lash beginners and pros alike: Natural Ultra Fine Lashes ($5), the Glamour Volume Boosting Lashes ($5) and the Individual Lash Starter Kit ($10).