Supervalu to double Save-A-Lot store count over five years
Eden Prairie, Minn. Supervalu said Tuesday that the discount grocer plans to double its chain size to 2,400 stores during the next five years.
“This is not an abandonment of traditional grocery; this is an acceleration of Save-A-Lot,” CEO Craig Herkert told analysts during Supervalu’s fiscal second-quarter earnings call.
Supervalu said its core business will remain its chain of traditional supermarkets, including Albertson’s, Jewel-Osco and Farm Fresh.
On Tuesday, Supervalu reported profit decline of 42% for the quarter ended Sept. 12; total revenue fell 7.5% to $9.46 billion.
“There is no single pill we get to take to get this right,” said Herkert, explaining a shore-up effort will include vendor negotiations and analyzing store categories with an eye toward reducing the number of products offered.
Supervalu said its plan to expand the Save-A-Lot store base is a push to soften the blow of future economic recessions and cater to what appears to be a long-term turn toward thriftiness by many customers. Part of the plan emphasizes putting the cheaper Save-A-Lot stores, about 75% of which are franchised to licensees, in neighborhoods where they will compete with pricier traditional grocery stores.
Home Depot selects Teradata as new IT partner
WASHINGTON, D.C. Teradata announced that Home Depot has selected the Teradata Active Enterprise Data Warehouse to support its complex and growing enterprise information requirements.
In moving to the Teradata solution, Home Depot will consolidate multiple decision support systems into one centralized Enterprise Data Warehouse, which will reduce the complexity of their current IT environment, improve efficiencies and improve business insight by enabling faster decision-making. The new intelligence platform will enable detailed analysis of enterprise data pertaining to sales, inventory, cost and merchandise management.
“Our IT improvements are dedicated to creating more time for our associates to focus on customer-facing activities, and the implementation of Teradata’s solution will benefit our entire organization,” said Matt Carey, EVP and CIO, Home Depot. “Teradata’s value proposition and leadership in data warehousing platforms, software and services were critical in our decision to select them as our partner.”
Kelly adds Tiana to Disney wedding line
Disney Consumer Products and couture designer Kirstie Kelly are launching a gown inspired by Princess Tiana, Disney’s newest princess from the animated musical film, The Princess and the Frog.
The Tiana gown will be added to the Kirstie Kelly for Disney’s Fairy Tale Weddings line as the signature piece of an all new collection of bridal gowns. The new collection also includes the Snow White Diamond Edition gown, all new “Maidens” for bridesmaids, “Blossoms” for flower girls and a new line of fine jewelry with renowned jeweler Mouawad, each inspired by a Disney Princess character.
“The Princess Tiana gown is a very special part of the Disney Princess collection,” said Kelly. “When I look at this gown I see a modern woman that is very comfortable with her own identity. The gown is designed for a bride with a modern sensibility and effortlessly exudes both romance and sultry flair.”