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Supply Chain & Merchandising

  • Amazon distribution center set for Lake Nona

    One of the nation’s fastest-growing communities shows no signs of slowing down.    Amazon has selected the master-planned town outside Orlando as the site of an 850,000-sq.-ft. distribution center set to open in 2018. It will create more than 1,500 full-time jobs, according to Amazon’s VP of North America Operations Akash Chauhan.  

  • Penney starts search for a new CFO

    J.C. Penney's finance head of three years is leaving to "pursue other interests."    Edward Record stepped down as CFO of Penney effective July 11, according to a regulatory filing. He will remain in an advisory capacity with the company until Aug. 7. Andrew Drexler, Penney's senior VP and chief accounting officer and controller, will serve as interim CFO while the retailer searches looks for Record's replacement.  

  • Cabela's, Bass Pro deal inches closer to completion

    Bass Pro Shops's acquisition on rival Cabela's has passed another hurdle.     Cabela's shareholders voted to approve the sale of the hunting and outdoor retailer to Bass Pro, the company announced Tuesday. Cabela's agreed in April to be bought by Bass Pro Shops for $61.50 a share, down from the original purchase price of $65.50 a share, valuing the acquisition at $4.2 billion. The transaction is expected to close in the third quarter of 2017.  

  • Six more Neighborhood Market prototypes sold

    Skilken/Gold has announced the sale of six Neighborhood Market stores, one of which was a prototype of Walmart’s new design for its grocery store concept.   The Louisiana stores all average about 42,000 sq. ft., including the Baton Rouge location that emerged from Walmart’s “build-to-suit” program initiated in 2014.   The Hampshire Companies and a South Korean partner acquired the properties for $78 million.   

  • Children's clothing retailer details store closings

    Gymboree Corp. is "right-sizing" its store footprint.  

  • Study: Retailers should incentivize use of BOPIS drive store traffic

    Shoppers are buying more goods than ever online, but they also are increasingly picking the items up at — and returning them to — brick-and-mortar store.  

  • Report: Lampert considering deal with Sears Canada

    The chairman and CEO of Sears Holding Co., is reportedly considering a deal with bankrupt Sears Canada.  

  • Footwear retailer launches in-store pick-up

    Famous Footwear wants to get merchandise into its shoppers’ hands faster.   By rolling out an in-store pickup service chainwide, Famous Footwear’s online shoppers now have the option of picking up their orders in more than 1,000 locations. To encourage shoppers to try the service, the retailer is offering customers that shop between July 7 through July 11, a $5 discount off of one order containing an in-store pickup item.  
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