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  • Guess Q4 profit falls 23% but beats Street; online sales jump 37%

    Los Angeles -- Guess reported a better-than-expected fourth quarter profit amid a 37% jump in the company’s online business and falling expenses. The apparel retailer, however, forecast a disappointing 2015, primarily due to the stronger U.S. dollar (1,190 of Guess’1,668 stores are located outside the United States and about 45% of its revenue comes from international markets).

    Guess income fell to $53.9 million for the fourth quarter, ended Jan. 31, from $69.6 million a year earlier.

  • Walmart calls on suppliers to make domestic difference

    Walmart vice president of U.S. manufacturing Cindi Marsiglio shared new details about a first-of-its-kind event planned for early July in Northwest Arkansas to advance the retailer’s $250 billion domestic sourcing agenda.

    During a fast-paced presentation Thursday morning organized by a group called Doing Business in Bentonville, Marsiglio shared wide-ranging insights regarding the company’s 10 year, $250 billion domestic sourcing commitment unveiled in January 2013.

  • French office supply retailer unifies supply chain with Symphony ETC

    Paris – French office supply retailer Bruneau has selected the Symphony EYC G.O.L.D. unified retail platform to optimize its supplier and inventory performance. Bruneau plans to deploy G.O.L.D. master data management, merchandise management, supply chain management and warehouse replenishment.

  • Babies 'R' Us has a new head merchant

    Toys “R” Us Inc. has named a new head merchant to drive product innovation and differentiation at the company’s Babies “R” Us stores.

    Reg McLay has been named senior vice president, Babies “R” Us Business, effective March 30. In this role, McLay will lead the Babies “R” Us merchandising team in the U.S. He will report to Hank Mullany, president of Toys “R” Us, U.S.

  • Smart & Final swings to Q4 profit; to accelerate store expansion

    Commerce Calif. -- Value-oriented food retailer Smart & Final Stores Inc. plans to accelerate its expansion after posting double-digit sales growth in the fourth quarter.

  • Dollar General elevates counsel to EVP

    Just two years after starting the job, the general counsel at Dollar General has been promoted to executive vice president.

  • Kantar Retail: Walmart leads Target in one-stop basket price study

    Boston -- Walmart narrowly leads the one-stop basket assessment versus Target, according to the latest Kantar Retail basket pricing study, which examines a basket of grocery, HBA, and general merchandise items. Study findings indicate Target’s overall basket is 3.5% more expensive than Walmart’s and Walmart leads in each of the sub-baskets, with the strongest lead in general merchandise.
    Notable findings from the study include:

  • Dollar General promotes Rhonda Taylor to exec VP

    Goodlettsville, Tenn. -- Dollar General Corporation announced that Rhonda M. Taylor, currently senior VP and general counsel, has been promoted to executive VP and general counsel.

    “Rhonda is a valuable member of our executive leadership team and is a trusted advisor on legal and business issues impacting Dollar General. In addition, she provides outstanding leadership and I look forward to her continued success at Dollar General,” said Rick Dreiling, chairman and CEO.

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