Corporate Governance

Scotts Miracle-Gro has made up for lost time in the second half of the year, finishing with fiscal year sales essentially flat from the previous year.

The company's full year net sales were $2.82 billion, after a 9% increase in the second half, including a 10% increase in the fourth quarter.

Granite Gold’s nationwide distribution expanded with the addition of Shaw’s Supermarkets in the Northeast and Stater Bros. Markets in Southern California.

Shaw’s Supermarkets, which has more than 120 stores throughout Maine, Massachusetts, New Hampshire, Rhode Island and Vermont, now carries Granite Gold Daily Cleaner and Granite Gold Polish.

Stein Mart posted strong sales in October, driven partly by upgraded designer and national brands. Total sales for the four-week period ended Nov. 2, increased 6.9% and comparable-store sales increased 5.4%.

For the third quarter ended Nov. 2, total sales increased 6.1% and comparable-store sales increased 4.8%.

Whole Food’s said it gained market share during the third quarter, but the 5.9% same store sales increase the company reported fell short of expectations and the company tempered its outlook for 2014.
 

Walmart talks a lot about the opportunities it provides to employees and every so often examples pop up that puts things in perspective.

99 Cents Only has spent the last six months upgrading its systems and procedures related to accounting for merchandise inventories. In the meantime, and ahead of its second quarter results for fiscal 2014, the company has begun taking physical inventories at its stores on a SKU-level basis for the first time.

The new IT system, built on SAP, will allow the company to track inventory in real time at each retail store on a perpetual basis by SKU. Implementation is underway and the company expects to be fully operational by the end of fiscal 2015.

Leveraging inventory while driving consumption is the topic of a presentation scheduled for next week in Northwest Arkansas by Walmart’s senior director of consumables replenishment Kendall Trainor.

Trainor is the featured speaker at a breakfast meeting organized by Doing Business in Bentonville. From 7-9 a.m. Wednesday, November 13, Trainor will share insights on Walmart’s top five inventory priorities for the coming fiscal year.

Walmart split with its Indian joint venture partner of seven years recently and the smart folks at the University of Pennsylvania Wharton School of Business put the situation in perspective and offered insight into future possibilities for a market that still boasts more than 1 billion potential consumers and promising long-term prospects.

Dex, a leading supply chain solutions provider for high-tech industries, has appointed Tony Harris, who is currently a member of the company’s board, as non-executive chairman of the Dex businesses in the EMEA region.

FoodMinds, a food and nutrition consulting and communications agency, has appointed former Campbell Soup executive Juli Mandel Sloves as SVP and Julie Alessi, RD, as a senior account executive.

Sloves, a 12-year veteran of Campbell Soup Company with more than 20 years of communications experience, was most recently senior manager of global R&D communications at Campbell. Prior to that, she led nutrition and wellness communications for Campbell North America brands.