OPERATIONS

Walmart announces gasoline discount program

BY Marianne Wilson

Bentonville, Ark. — Walmart is easing the pain at the pump by offering customers who use a Walmart MoneyCard or Walmart Credit Card a 15 cents per gallon reduction on their fuel purchase. Customers using a Walmart gift card will receive a 10 cent per gallon discount. Gas will be discounted at more than 1,000 Murphy USA and Walmart gas stations located at Walmart stores in 21 participating states.

“As I travel to stores across the country, I am constantly hearing that gas prices are making it tough for our customers to balance their budgets. For every cent gas prices climb, consumers have $1 billion less to spend," said Gisel Ruiz, chief operating officer for Walmart U.S. "Over the past two years, our Great Gas Rollback has saved customers more than $100 million. This year, we’re bringing it back to help families as they hit the road to visit relatives, go on vacation, celebrate the summer holidays and every shopping trip in between."

Walmart’s gas discount program will run through July 7. Last year, the chain ran a similar promotion from Aug. 31 through Dec. 24.

For a list of participating Walmart and Murphy USA stations visit Walmart.com/gas.

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FINANCE

Shoe Carnival Q4 profit slips; on track to open 30 stores in 2013

BY Katherine Boccaccio

Evansville, Ind. — Shoe Carnival reported Monday that net earnings for the quarter ended Jan. 28 slipped to $3.2 million, compared with $3.3 million in the year-ago period.

Revenue rose 13.1% to $205.7 million from $181.9 million, and same-store sales edged up 0.5%.

For the full year, profit rose to $29.3 million from $26.4 million, sales increased 12.1% to $855 million, and same-store sales advanced 4.5%.

In fiscal 2013, the company said it expects to open 30 to 35 new stores, relocate seven stores and close five to seven stores.

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REAL ESTATE

Leslie’s Swimming Pool to open 48 stores this spring

BY Katherine Boccaccio

Phoenix — Leslie’s Poolmart said Monday it will grand-open 15 Leslie’s Swimming Pool Supplies stores across 10 states on April 5, as part of the company’s plan to open 48 new stores this spring.

The new stores opening on April 5 include: Tucson, Ariz.; Pleasanton, Calif.; Rohnert Park, Calif.; Cockeysville, Md.; Gastonia, N.C.; Las Vegas; New Hyde Park, N.Y.; West Chester, Ohio; Spartanburg, S.C.; Harlingen, Texas; Lake Jackson, Texas; Sherman, Texas; Wylie, Texas; Manassas, Va.; and Virginia Beach.

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