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Petco opens new DC to keep pace with expansion
Petco is expanding its store portfolio and distribution center network. In keeping with its 2016 growth plan, which includes 27 new store openings year-to-date, Petco will open a new distribution center on May 11, 2016, in Reno, Nevada. The company will also open a new Unleashed by Petco store in Maryland, and re-open a newly expanded Southern California Petco store in place of a previous Unleashed by Petco locations. -
Gap Q1 sales plummet; talks streamlining
The nation’s largest U.S. apparel retailer is looking to streamline its model. Amid first quarter same-store sales declines across all its brands, Gap Inc. said it is identifying opportunities to streamline its business to be more efficient and flexible. The retailer also is evaluating its Banana Republic and Old Navy store fleets, mostly outside of North America, with an eye to sharpening its focus on geographies with the greatest potential.
