Strategy

INDIANAPOLIS — Lackluster performance in the video space ontinues to impact Hhgregg's sales and earnings results, causing the retailer to focus on more lucrative categories.

The electronics retailer reported net income of $17.4 million, or 51 cents per diluted share, for the third quarter ended Dec. 31, 2012, compared with net income of $22.5 million, or 60 cents per diluted share, for the comparable prior year period. 

Toronto -- Hudson’s Bay Co. said Thursday it has introduced a new three-tiered rewards program, partnering with Capital One Canada to boost the rate at which HBC shoppers earn reward points for shopping at Hudson's Bay, Thebay.com or Home Outfitters.

Hudson's Bay Rewards members will now earn one point for every dollar they spend on almost anything in store or online and, as they move up the tier levels, they earn more points per spend.

CAMP HILL, Pa. — Rite Aid reported a slight increase in same-store sales for the month of January, thanks in part to strong sales of flu products.

Mooresville, N.C. -- Lowe’s Cos. has named Stephen Szilagyi to the post of supply chain executive, reporting to Rick Damron, COO.

In his new role, Szilagyi will oversee Lowe’s logistics and distribution network that expedites the replenishment of merchandise and supplies to all Lowe’s stores.

Szilagyi has more than 25 years of supply chain experience, including leadership roles prior to Lowe’s in wholesale distribution and retail/consumer products supply chain consulting services.

GREEN BAY, Wis. — Shopko has completed the conversion of 163 Pamida stores. The move makes Shopko one of the largest U.S. retailers to serve smaller and rural communities. The merger was first announced one year ago this month.  

Green Bay, Wis. -- Shopko announced it has completed the conversion of 163 Pamida stores making it one of the largest U.S. retailers focused on serving smaller and rural communities. It was a year ago that Shopko and Pamida first announced their intent to merge the two companies and convert the existing Pamida locations to the Shopko Hometown store format. One year later, the conversion of the last group of Pamida stores is now complete with the final 36 stores celebrating their official grand openings as Shopko Hometown.

WASHINGTON  — The Grocery Manufacturers Association has promoted Sean McBride to EVP communications and membership services, effective Jan. 1. The announcement was made by GMA president and CEO Pamela Bailey. McBride previously served as senior vice president of communications and marketing.

New York -- Australian import Lorna Jane will open the largest store in its U.S. portfolio, a 3,000-sq.-ft. unit in San Francisco, in February.
 
The retailer, which specializes in fashionable yoga clothing, opened 10 stores in Southern California in 2012, and is now expanding into the Bay Area. Lorna Jane is also looking at locations in Corte Madera, San Jose, Palo Alto and Walnut Creek, as it looks to open 15 more stores by the end of this year, the report said.