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Strategy

  • Extreme value retailer continues to expand

    Ollie’s Bargain Outlet Holdings Inc. is on track for store growth in 2017.   The retailer, which beat the Street in the fourth quarter, ended the year with a total of 234 stores in 19 states, an increase of 15.3% year over year. It expects to open 33 to 35 stores in 2017, with no planned closures.   Ollie’s reported fiscal fourth-quarter net income increased 52% to $24.4 million, surpassing Wall Street expectations.   
  • Analysis: Dick’s Sporting Goods Shake-Up

    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.  
  • Consumer confidence bumps up to a 16-year high

    Having reached a 15-year peak on February, consumer confidence reached a new peak in March, now standing at its highest level in 16 years.   The index's current reading is 125.6, up from 116.1 in February.   “Consumer confidence increased sharply in March to its highest level since December 2000 (Index, 128.6),” said Lynn Franco, director of economic indicators at The Conference Board.   
  • Luxe home furnishings retailer Q4 tops Street

    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.    
  • Survey: Unclean restrooms can have negative impact on business

    Retailers looking for a competitive advantage in these competitive times should consider their restrooms.  
  • Supermarket retailer taps 24-year-company veteran to head real estate

    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.     
  • Survey: Supply chain technology is a competitive advantage

    As margin pressures increase, more retailers are adopting new supply chain technologies to streamline operations and remain competitive.   Specifically, nearly three-quarters (74%) of top retail executives in procurement said that supply chain technology can provide a significant competitive edge, according to the inaugural Retail Pulse survey from C2FO.   
  • Supermarket giant’s new website tells employee ‘stories’

    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.   
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