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Kroger swings to profit in Q3
Cincinnati -- Kroger Co. rang up better sales and returned to third-quarter profitability but the company warned that shoppers remain cautious.
The Cincinnati-based grocer reported Thursday that net income was $202.2 million, compared with a loss of $875 million a year earlier.
Revenue was up 5.9% to $18.7 billion.
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Lowe’s says it is reaching out to customers with service efforts
Mooresville, N.C. Lowe's CEO Robert Niblock hammered on the concepts of customer service and value during the company's 2010 Analyst & Investor Conference yesterday in Mooresville.
"At the core of our mission is the belief that we can grow by focusing on opportunities we have with existing customers," said Niblock, who added that the company must adapt to continue to be successful.
Chain Store Age recently conducted a survey of leading grocery executives to find out how the industry perceives analytics and how they are using analytics models in key operational areas such as forecasting, price optimization, space planning, and customer marketing.