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Supervalu launches mobile apps

BY Staff Writer

Eden Prairie, Minn. — Supervalu announced the launch of a custom-built mobile application designed to give customers the tools they need to be efficient while shopping our stores.

The company tested the mobile app at its Cub Food stores this past November 2011, and formally launched the app to the rest of the company’s traditional banners during the month of February 2012. One of the unique features to the app is its synchronization with the banner websites. The shopping list is synchronized with the website in real time so a member of the family can update the list from home while another is shopping.

As our customers continue to be crunched for time, this new app and its capabilities allow for a more hassle-free shopping experience,” said Kat Kozitza, Supervalu’s director of digital and social media. “Customers of our 1,100 retail locations can now find a store close to them, view the current weekly ad and manage a shopping list all from their mobile device.”

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Walmart rolls out the financial big guns

BY CSA STAFF

BENTONVILLE, Ark. — Three Wal-Mart Stores executives will share insights at two key retail conferences on March 7.

CFO Charles Holley will provide an update on the company’s financial priorities as the keynote speaker at the Bank of America Merrill Lynch 2012 Consumer & Retail Conference in New York at approximately 8 a.m. EST. SVP and treasurer Jeff Davis and Walmart international CFO Cathy Smith will take the stage at the Raymond James 33rd Annual Institutional Investors Conference in Orlando, Fla., at approximately 11:35 a.m. EST to discuss the company’s international growth strategy.

Click here to follow Holley’s presentation and click here to follow the presentation by Davis and Smith.

Both events will be webcast live through links at http://www.walmartstores.com/investors.

The presentations will be archived for one year on the company’s website.

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Costco Q2 profit rises on cheap gasoline

BY Marianne Wilson

New York City — Costco Wholesale Corp. posted a bigger-than-expected rise in quarterly profit on Wednesday. Rising gasoline prices had a positive impact on sales at Costco, which prices its fuel below nearby stations.

Net income in the quarter ended Feb. 12 rose 13% to $394 million, from $348 million a year earlier.

Sales rose 10% to $22.51 billion. Same-store sales rose 8%, better than analysts had expected.

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