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Winn-Dixie narrows loss in Q1
Jacksonville, Fla. -- Winn-Dixie Stores reported Monday a loss of $24.1 million in the fiscal first quarter, compared with a loss of $76.8 million in the year-ago period.
Revenue rose 3.1% to $1.59 billion, from $1.54 billion last year, helped by success from its gas-related reward program. Sales just missed Wall Street’s expected $1.6 billion in revenue.
Same-store sales rose 3.3%. During the quarter, the company opened two additional transformational remodeled stores that Winn-Dixie continues to monitor for additional roll-out. -
Gaming the gift card system
Any given week Target’s circular is filled with various offers of free gift cards designed to incent shoppers to purchase key items. Some of the offers can be quite generous, as was the case this week with a $50 gift card available to those who purchase an Xbox 360 bundle or a $20 gift card with the purchase of KitchenAid appliances priced at $99.99. The most common gift card denomination is $5, and it tends to be offered on multiple items from the same manufacturer or brand family such as two Gillette razors or three Dial products.