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Macy’s delivers award-winning performance
ORLANDO, Fla. — Macy’s has enjoyed strong sales momentum during the early part of this year with first-quarter same-store sales up 5.4% and the second quarter off to an even stronger start with May comps up 7.4%. There are a lot of reasons for those results, but several key supply chain initiatives have made important contributions and were recognized recently at the annual VICS Collaborative Commerce Achievement Awards.
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Japan’s head merchant wins top Walmart award
Given all the talk of EDLP at Walmart’s annual shareholders’ meeting, it was understandable the company chose Maki Nakamura, chief merchandising officer at Walmart Japan, as the recipient of the Sam M. Walton Entrepreneur of the Year Award.
Walmart’s Seiyu stores in Japan have been implementing every day low prices for several years, and the company’s patience has finally paid off with improved business results in what has been a challenging market.