Supervalu renews its partnership with Revionics
SACRAMENTO, Calif. Revionics Thursday announced that Supervalu has renewed the companies’ strategic partnership. Revionics provides Supervalu retailers advanced, adaptable and affordable price optimization Software-as-a-Service solutions via a weekly subscription model over the Internet.
“The Revionics organization has been a pleasure to work with,” according to Barb Smith, Supervalu’s independent pricing systems manager, “It is clear that they truly care about the success of our retailers, and that is extremely important to us.”
“We have become a natural extension for Supervalu to help their retailers address increasing competitive pressures,” said Todd Michaud, Revionics president and chief executive officer. “Our partnership with Supervalu was a major factor in propelling Revionics to be the leading provider of price optimization services for the U.S. independent retail market, and we thank them.”
Walgreens, DHL team up to offer shipping at store kiosks
DEERFIELD, Ill. Walgreens has entered into an agreement with DHL to offer shipping services in almost all of its stores. The program will begin in April in Illinois and Florida and is expected to expand to more than 6,500 locations by the end of the calendar year 2008.
DHL shipping spot kiosks will be available at Walgreens photo counters and will be staffed by Walgreens employees, who will weigh, label and ship customer packages to U.S. or international destinations. Each location will offer packaging materials, in addition to complimentary DHL Express shipping envelopes and boxes. Walgreens customers will have access to all of DHL’s core services, including overnight, ground and international delivery.
“We’ve seen strong customer response to DHL in-store shipping in test markets,” said Walgreens executive vice president of marketing George Riedl. “The service addresses an important need for our time-crunched customer base. This new offering will be another powerful addition to our overall strategy of making life easier for customers.”
Supervalu reports earnings increase despite sales drop
MINNEAPOLIS Supervalu on Wednesday reported a third-quarter drop of 4.7 percent in net sales of $10.2 billion, but record net earnings of $141 million show an increase of 25 percent compared to the year-ago period.
“Our third-quarter results continue to benefit from the transformational acquisition in 2006 as we deliver the sixth straight quarter of double-digit earnings per share growth,” stated Jeff Noddle, Supervalu chairman and chief executive officer. We are pleased with our overall results, despite some headwind from softer than expected retail sales in the quarter.”
Supervalu’s third quarter of fiscal 2008 ended Dec. 1, 2007, and included 12 weeks of combined results compared to the third quarter of fiscal 2007 which included 13 weeks of acquired operations. The estimated sales impact of one less week of acquired operations in the third quarter of fiscal 2008 is approximately $500 million.
In addition, third-quarter fiscal 2008 and third-quarter fiscal 2007 results included after-tax charges for one-time acquisition-related costs of $7 million and $10 million, respectively. When adjusting for the one-time acquisition costs in both years and the one extra week in the prior year quarter, diluted earnings per share increased 23 percent, the company stated.