Winn-Dixie Q4 income falls 48%
Jacksonville, Fla. — Winn-Dixie Stores said Monday that its fourth-quarter net income fell 48% amid tough competition. The chain attributed the drop to the quarter being a week shorter this year than it was last year.
Winn-Dixie’s net income for the quarter that ended June 29 was $7.3 million versus $14 million in the year-ago period.
Revenue fell 4% to $1.62 billion from $1.68 billion last year. Same-store sales rose 3.2%. Although average amount customers spent per visit rose 3.9%, 0.7% fewer shoppers came in, the company said.
For the year, Winn-Dixie lost $70.1 million, compared to net income of $28.9 million in the prior year.
Zale and Jessica Simpson team up for jewelry line
Dallas — Zale Corp. is teaming up with celebrity Jessica Simpson on an exclusive collection of diamond fashion jewelry. Terms of the deal were not disclosed.
Jessica Simpson, known as a pop music artist, actress and reality TV personality, has become quite successful in the fashion world. Her Jessica Simpson Collection, which sells shoes, clothing, fragrances and other goods, is said to be worth about $1 billion.
The collection will include rings, earrings, pendants and bracelets and will be sold at Zale stores in the United States, Canada and Puerto Rico. Jessica Simpson already sells shoes, apparel and other items under the Jessica Simpson Collection brand, which is estimated to be worth about $1 billion.
The jewelry is expected to be available at Zales stores, Zales Outlet stores and Peoples stores in October.
Chico’s to use APT solution
Washington, D.C. — Applied Predictive Technologies (APT) announced that Chico’s FAS has signed an agreement to license APT’s Test & Learn Management System.
Chico’s chose the solution after a pilot project which examined a range of the retailer’s promotional strategies. Using the Test & Learn approach during the pilot, Chicos’ gained valuable insights that helped it better understand its customers’ behavior.
“We have seen how APT’s solution is able to rapidly design and test high-impact ideas before rolling them out to the entire store chain or customer base. The ability to confidently predict the impact of potential outcomes will build on Chico’s ability to quickly bring the best merchandise and shopping experience to our customers,” said Todd Vogensen, VP financial planning and strategy at Chico’s, Fort Meyers, Fla., which operates 1,206 stores.
Going forward Chico’s plans to apply the Test & Learn system to optimize a wide range of business initiatives, in areas including marketing, merchandising, store operations, media mix, new product launches, and pricing.