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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.

  • HH Gregg undeterred by near 9% comp decline

    Appliance and consumer electronics retailer HH Gregg, reported second quarter result on Friday that weren't as bad as expected.

  • Sears/Kmart names Vero to top merchant role

    Former OfficeMax executive Ryan Vero has been named SVP and president of grocery, drug and pharmacy at Sears Holdings.

    Vero spent 17 years with OfficeMax and last served as the company’s EVP and chief merchandising and marketing officer. In his new role with Sears Holdings, Vero will be responsible for the oversight, leadership and growth, both in-store and online, for the company’s grocery, drug and pharmacy businesses.

  • 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.

     

  • Starbucks raises forecast on strong sales; opening 1,300 stores in 2013

    Seattle -- Starbucks Coffee Co. reported a higher-than expected net income of $359 million for its fourth quarter, compared with $358.5 million in the year-ago period. The company also raised its earnings estimate for the next fiscal year.

    Revenue rose 11% in the fourth quarter, to $3.36 billion. Same-store sales rose 6%, fueled by higher customer traffic.

  • The case for unconventional collaboration

    This holiday season promises to be the most digital of all time with forecasts calling for e-commerce growth to handily outpace overall industry sales. At UPS, the multi-channel movement is a trend we have watched intensify and helped facilitate during the past decade. Chances are good one of our delivery vehicles will visit your home or that of a family member this Christmas.

  • Sales up at Gap Inc., expects strong earnings boost for Q3

    SAN FRANCISCO — Gap Inc.appears to be on the upswing, reporting positive same-store sales across all of its divisions for both the third quarter and October. 

    Net sales for the third quarter increased 8% to $3.86 billion compared with $3.59 billion for the third quarter last year. The company’s third quarter comparable sales were up 65 compared with a 5% decrease in the third quarter last year.

  • 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.
     

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