Strategy

Rite Aid has decided to extend its sourcing partnership with Intesource, an e-sourcing provider in the retail, drugstore, grocery and restaurant industries.

Rite Aid has leveraged Intesource's e-sourcing technology since 2009. The partnership helped the chain secure significant savings on both direct and indirect categories — including snow plowing services — and drove efficiencies across the entire supply chain.

Phoenix -- Rite Aid has renewed its sourcing partnership with Intesource, an e-sourcing provider in the retail, drugstore, grocery and restaurant industries.

Rite Aid has leveraged Intesource's e-sourcing technology since 2009. The partnership helped the chain secure significant savings  on both direct and indirect categories -- including snow plowing services -- and drove efficiencies across the entire supply chain.

Walmart and its joint venture partner in India, Bharti Enterprises, are parting ways after six years, the companies announced.

Plans call for Walmart to acquire Bharti’s 50% stake in their joint venture begun in 2007 to operate cash and carry wholesale stores branded as Best Price Modern Wholesale. At the time, that was the only sector of retail where Indian law allowed for foreign direct investment. The first Best Price store opened in 2009 and today there are 20 units spread throughout India.

Fort Worth, Texas — Trademark Property Co. has announced the appointment of Daniel Goldware as VP of leasing. Goldware will initially work on Waterside, Trademark’s new 63-acre master planned, mixed-use development under construction in Fort Worth, as well as Victory Park in downtown Dallas.

Goldware comes to Trademark from Weingarten Realty Investors where he served as a leasing executive in both Dallas and Houston for the past seven years.

Thorofare, N.J. -- Checkpoint Systems announced that Family Dollar Stores has entered into a multi-year agreement that includes the deployment of Checkpoint's electronic article surveillance solutions in all of its existing and future stores.

The rollout in the chain's existing 7,900 stores is expected to be completed by December 2014.

Leading consumer products company Helen of Troy saw solid growth in all its business segments during the second quarter, which led to record sales of its stable of well known brands, but stagnant profits.
Sales increased 11.1% to $319 million during the quarter ended August 31, but profits were essentially flat at $23.3 million, or 72 cents a share, compared to $23 million, or 72 cents a share. Gross margins declined to 38.6% from 40.7% the prior year while expenses as a percent of sales declined to 29.1% from 30%.

Jacksonville, Fla. -- Bi-Lo and Winn-Dixie parent Bi-Lo Holdings said it would begin in 2014 the process of converting all Sweetbay stores to the Winn-Dixie name and Reid's stores to Bi-Lo, but that the Harveys banner would remain intact.

The grocery retailer acquired all three banners from Brussels, Belgium-based Delhaize Group last May.

International Dispensing Corporation, a packaging research and development company that specializes and manufactures game-changing innovations for the food and beverage industry, has promoted Tom Shaver to COO.