News

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.

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.

BALTIMORE — Sprout Foods is adding new toddler puree snacks to its portfolio and also will introduce more convenient product packaging, the company announced at the Natural Products Expo East in Baltimore.

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.

PITTSBURGH — Dick's Sporting Goods has launced a new mobile application for iPhone and Android smartphones.

With the new Dick's Sporting Goods Mobile App, users will have access to all the benefits of the ScoreCard Rewards Program, the ability to locate Dick's stores in the area or make purchases directly from the app as well as be rewarded for engaging with the Dick's Sporting Goods brand on social media.

Widespread media reports have Walmart discontinuing the sale of Amazon’s popular Kindle devices, which begs the questions what took so long and will we ever see a Walmart tablet.

Walmart’s decision to begin selling the Kindle was one of the more wrong-headed moves the company has ever made. A Kindle is Amazon’s version of a Gillette razor, essentially a device that provides consumers a portal to purchase Amazon’s other inventory, or in Gillette’s case, more blades. Target wisely gave Kindle the boot earlier this year.

SPRINGFIELD, Mass. — Regional supermarket chain Big Y is catering to customers' bundles of joy with the launch of a new loyalty program.

LONDON, UNITED KINGDOM — George at Asda is extending its Moda line to offer more fashion items for U.K. women over 40.

Over two years in development and following a series of intensive customer focus groups, the collection has been created by George's team of industry leading in-house designers with customers' feedback.