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Supply Chain & Merchandising

  • Apparel giant in store closing move amid sales drop

    Ascena Retail Group, operators of such brands as Ann Taylor, Lane Bryant and Dressbarn, is planning to close hundreds of stores. The news came on the heels of a brutal third quarter.   The company reported a net loss of $1.031 billion, or $5.29 per diluted share in the third quarter ended April 29, compared to net income of $15 million last year, or $0.08 per diluted share, in the year-ago quarter.   

  • Dollar Tree makes exec promotion

    Dollar Tree has promoted a key executive as the discounter continues its rapid expansion.   The retailer, which plans to open 650 stores in 2017, has promoted Michael A. Witynski to president and COO of its Dollar Tree division. Witynski will be responsible for merchandising, marketing and store operations for Dollar Tree stores in the United States.    

  • Amazon lends more than $3 billion to third-party sellers

    Amazon’s lending program has hit epic proportions, with one-third of loans being granted in the last year, alone.   The online giant’s Amazon Lending program has surpassed $3 billion in loans to small businesses since the service launched in 2011. Specifically, Amazon has lent more than $1 billion to small businesses in the last 12 months, and more than 20,000 small businesses have received a loan from Amazon.  

  • Things looking up at 99 Cents Only Stores

    The turnaround at extreme-value retailer 99 Cents Only Stores appears to be taking hold.   The retailer reported that net sales for its first quarter, ended April 28, increased 6.7% to $547.5 million, from $512.9 million in the year-ago period. Same-store sales increased 6.9%, with higher customer traffic of 4.2%, and a higher average ticket of 2.5%.  

  • Warehouse club operator entering new territory

    BJ's Wholesale Club is set to open its first location in South Carolina.   The retailer will celebrate the grand opening of its new location in Summerville, South Carolina on Saturday, June 10. The store, which marks BJ's expansion into South Carolina, is located at the intersection of Interstate 26 and North Main Street, Summerville's primary retail corridor.  

  • Report: Supply chain key to omnichannel costs, revenue growth

    An annual report provides an in-depth analysis of the front-burner issues facing America’s retail supply chains, and highlights tools and leading practices to compete in an evolving marketplace.  

  • Regional supermarket chain steps up promotional game

    Weis Markets knows the key to driving loyalty is to deliver value.   In a move that will improve its marketing and promotions operations, the regional grocer has partnered with dunnhumby and Aptaris. By integrating an enterprise promotional planning, price optimization, modeling and forecasting system, Weis is one step closer to increasing sales, improving customer loyalty and building a more profitable and competitive market position.  

  • Department store giant announces big job cuts as part of major restructuring

    Hudson's Bay Co., whose banners include Saks Fifth Avenue and Lord & Taylor, has lowered the ax.  
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