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Ident decline drives down Supervalu sales in Q2
MINNEAPOLIS — Supervalu reported a loss of $111 for its second quarter, compared with net income of $60 million in the year-earlier quarter.
Revenue fell 4.6% to $8.04 billion in the quarter ended Sept. 8, from $8.43 billion in the year-earlier quarter. The decrease in net sales was blamed on both a decline in identical-store sales and the sale of a majority of the company’s gas stations, which had contributed $158 million in revenue in the second quarter last year.
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Study: More than 40% of smartphone and tablet owners ‘showroom’
Whiting, Ind. — An online consumer survey shows that nearly half of consumers go into brick-and-mortar stores with their smartphones to research items without buying them and then looked for the same item at a lower price online.
The 2,361-adult survey, conducted by Harris Interactive on behalf of CouponCabin.com between Sept. 18 and 20, found that 43% of smartphone and tablet owners have engaged in the practice, known as "showrooming."