Data & Analytics

Camp Hill, Pa. — Rite Aid narrowed its second-quarter loss to $41.4 million in the second quarter from a $94.7 million loss in the year-ago period.

Revenue slipped to $6.23 billion from $6.27 billion last year, missing Wall Street’s projected $6.25 billion in sales. Same-store sales were essentially flat for the quarter.

Union, N.J. -- Bed Bath & Beyond Inc. reported Thursday that net income for the quarter ended Aug. 25 dipped 2.2% to $224.3 million, from $229.4 million in the same period last year. Results, negatively impacted by aggressive coupon discounting, trailed Wall Street’s expectations.

Sales increased 12.1% to $2.593 billion, and same-store sales climbed 3.5%, compared with an increase of 5.6% last year.

The retailer acquired Cost Plus in July for $495 million, adding 259 stores and a new e-commerce platform.

CARY, N.C. — The Pantry, an independently operated convenience store chain in the southeastern United States, announced that Joe Venezia is joining the executive leadership team as SVP operations.

Venezia joins The Pantry from TitleMax. In his new role at The Pantry, he will lead the company’s store operations and be focused on driving sales, improving store productivity, and leading a great store operations team.

Richmond, Va. -- An annual seasonal hiring survey released Thursday by Snagajob indicates that more holiday jobs will be available this year than have been expected in any previous season in the study’s five-year history.  


The survey of more than 1,000 hourly hiring managers with responsibility for seasonal hiring, conducted by IPSOS Public Affairs for Snagajob, included the following highlights:

Talk about an uphill battle. Walmart is trying to educate shoppers about eating healthy on a limited budget and the importance of understanding unit prices when evaluating purchase decisions.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday a loss of $41.4 million in the second quarter, significantly narrowed from a $94.7 million loss in the year-ago period.

Revenue slipped to $6.23 billion from $6.27 billion last year, missing Wall Street’s projected $6.25 billion in sales. Same-store sales were essentially flat for the quarter.

MINNEAPOLIS — Supervalu has named Kathy Persian as SVP and chief information officer. Persian joined the company in February 2010 in the role of group VP retail and merchandising systems, and later moved to group VP corporate planning, analysis and business process. Persian was named to the CIO post following the decision by Wayne Shurts to accept a position with another company. Shurts joined Supervalu in April 2010.

New York -- Enterprise business solution-provider Jesta I.S. Inc. said Thursday that Sterling Shoes, a division of Toronto-based Town Shoes, has gone live with its Vision Store and Vision Merchandising software.
 
Town Shoes completed the acquisition of 69 Sterling Shoes stores in April 2012 and immediately launched the selection process for POS and merchandising software solutions that could be implemented by Labor Day weekend.