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  • Exclusive: Impact of Hurricane Sandy on Retail Supply Chains

    New York -- Hurricane Sandy is likely to result in shipping delays and an increase in third-party carrier rates due to fuel shortages, according to Chris Merritt, VP/GM, retail supply chain solutions for Ryder.

    "While most retailers should have enough inventory for their regular replenishment items, we expect to see out-of-stock situations up and down the East Coast for promotional items retailers have ordered and advertised for Black Friday," Merritt said.

  • Bebe stores swings to loss in Q1

    Brisbane, Calif. -- Bebe stores reported Friday a net loss of $2.6 million for the quarter ended Sept. 29, compared with net income of $2.4 million for the year-ago period.

    Sales slipped 7.3% to $117.1 million from $126.3 million, and same-store sales dropped 8.7%.

    During the quarter, the company opened five 2b stores and closed seven Bebe stores, and said it expects to open five Bebe stores and one 2b store in fiscal 2013 as well as close five Bebe stores and one 2b pop-up store.

     

  • Sears Holdings taps OfficeMax exec to lead grocery, drug unit

    Hoffman Estates, Ill. -- Sears Holdings Corp. said Friday it has named Ryan Vero senior VP and president, Grocery, Drug and Pharmacy.

    Vero most recently served as the executive VP and chief merchandising/marketing officer for OfficeMax. He spend 17 years with the office supply retailer and was most recently responsible for merchandising, marketing, new channels, and e-commerce business, in addition to global sourcing, private brands, product development and pricing.
     

  • Harris Teeter swings to profit in Q4

    Matthews, N.C. -- Harris Teeter Supermarkets reported Friday a profit of $22.8 million in its fourth quarter, compared with a loss of $8.9 million last year.

    Sales edged up 3.7% to $1.14 billion, and same-store sales increased 3.01%.

    The grocer has introduced a new format and banner – 201central – that it is using as a platform to sell a global variety of wine, beer, specialty foods and other selected merchandise.

    Plans for fiscal 2013 include 12 new stores and nine major remodels.

     

  • Toys'R'Us allows in-store payment for online purchases

    WAYNE, N.J. — Toys"R"Us is now offering customers the ability to shop online and pay for them in store, giving them the freedom to use cash or check, as well as credit, to make the purchase.

  • Costco October sales up 9%

    ISSAQUAH, Wash. — Costco's sales for October rose 9% to $7.67 billion from $7.01 billion during the similar period last year.

    Total comps for the month increased 7%, consisting of a 7% increase in the United States, and a 9% increase internationally. Excluding the impact of fuel, U.S., international and total same-store sales increased by 5% each.

  • Sales up at Burlington Coat Factory in Q3

    BURLINGTON, N.J. — Burlington Coat Factory Warehouse reported that net sales for the third quarter ended Oct. 27 were $967.8 million compared with $898.7 million for the comparative period ended Oct. 29, 2011, a 7.7% increase. Comparative-store sales increased 2.1% for the quarter.

  • Destination Maternity announces new credit facility

    Philadelphia -- Destination Maternity Corp. announced that it has entered into a new $61 million revolving credit facility with Wells Fargo Bank, N.A.

    The new credit facility replaces the retailer's $55 million revolving credit facility with Bank of America, N.A., which was due to mature on January 13, 2013.

     

  • First new outlet center in California since 2001 to open Nov. 8

    Livermore, Calif. -- Paragon Outlets Livermore Valley, the first new outlet center to open in California since 2001, will hold its grand opening weekend celebration Nov. 8 through Nov 11.

    Developed by Paragon Outlet Partners, a commercial real estate development firm headquartered in Baltimore, the $150 million, 543,000-sq.-ft. outlet center will feature 130 leading designer and top brand name stores.

  • Nordstrom Rack relocating to Westfield Culver City

    Seattle -- Nordstrom announced that it plans to relocate its Nordstrom Rack at Promenade at Howard Hughes Center in Los Angeles to Westfield Culver City in Culver City, Calif.

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