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Stater Bros. net income soars in Q1
San Bernadino, Calif. – Stater Bros. Holdings Inc. reported a substantial increase in net income, for the first quarter of fiscal 2014. Net income more than doubled to $11.1 million from $5.4 million in the same period a year earlier. Net sales rose almost 2% to $984 million, to $968.7 million.
Same-store sales grew 1.4%. Jack H. Brown, chairman, president and CEO of Stater Bros., credited the supermarket retailer’s maintaining of a low-price market strategy during difficult economic times with boosting financial performance.
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360pi releases new pricing/assortment suite
Ottawa, Canada - Price and product intelligence technology vendor 360pi has launched 360insights, a suite of integrated visualizations and dashboard reports that gives retailers real-time visibility into how they can immediately increase revenues and margins through adjustments to their pricing and product mixes. Retailers can have this same visibility into their own competitor and category set and the power to identify opportunities and take meaningful actions that will drive revenues and margins.