Marketing

Things are looking up at RH (formerly known as Restoration Hardware) which capped a busy year with better-than-expected results for its fourth quarter.    RH reported that revenue fell 9% to $586.7 million in the fourth quarter, beating analysts’ estimates.    

The nation’s largest supermarket retailer is stealing customers from Whole Foods Market.    That’s according to a report by Cincinnati Business Courier, which cites a new study by Barclays investment analyst Karen Short.    Whole Foods has lost up to 14 million customers during the past six quarters, according Short.    

The online giant is about to break ground on another fulfillment center.   The new facility, which will be more than 1 million sq. ft., will be located in Clear Brook, Virginia. The fulfillment center will employ more than 1,000 full-time associates who will be responsible for picking, packing and shipping larger customer items, such as big-screen televisions, kayaks and patio furniture.  

On March 7, Edward Stack, CEO and chairman of Dick’s Sporting Goods, announced the company is dropping 20% of its brand offerings. This news is part of a larger redirection for the sporting goods retailer, one designed to optimize its inventory for increased sales.  

A Publix Super Markets associate who started his career with the company as a part-time meat cutter has been named VP of real estate strategy.   Publix promoted Bob Balcerak to the top real estate post, effective April 3, 2017. As VP, he will oversee the selection of new sites and management of leased properties for Publix stores.     

Colliers International has announced the hiring of Wayne L. Kasbar as managing director in its Parsippany, New Jersey, office. He will focus on the retail sector.   Kasbar comes to Colliers from Silbert Realty & Management Company, where he oversaw the brokerage team covering New Jersey, New York, Pennsylvania, and Connecticut. Prior to that, he spent five years at Trammel Crow, now part of CBRE, leaving there as VP of brokerage services.  

Kroger Co. wants to give its employees a voice — and now they have one.   Eager to highlight the accomplishments, milestones, and personal connections made by its associates, Kroger Co. introduced Krogersteries.com, a website dedicated to its employees’ contributions, and the impact they make on the company.   

When it comes to expanding its store portfolio, At Home has barely gotten started.   Reporting strong results for the fourth quarter and full year, the home décor retailer also said it plans to open 25 new stores this year, with the potential for almost 500 more locations over the long term.