Skip to main content

Supply Chain & Merchandising

  • Macy’s unloads five stores

    Macy’s Inc. is living up to its promise to downsize.   The department store giant announced it has sold five stores to General Growth Properties for $46 million. All but four of the locations will be closed by spring 2017.    

  • Coach profit surges in Q1

    Luxury handbag and accessories brand Coach posted a 22% increase in profit for the first quarter, a result that one analyst said show the company’s turnaround is delivering.   Profit totaled $117.4 million in the quarter, or 42 cents per diluted share. Adjusted net income for the quarter totaled $126 million, or 45 cents per diluted share, slightly ahead of forecasts.  

  • Flooring retailer widens net loss

    Lumber Liquidators widened its net loss in the third quarter, though the retailer did move the needle on net sales, which rose 3.4%.   Lumber Liquidators reported a bigger-than-expected net loss of $18.4 million for the quarter, compared to a loss of $8.5 million in the year-ago period, amid higher-than-expected expenses, including legal fees, as the company continues to rebound from last year's investigation into formaldehyde levels in flooring it had previously sold.  

  • Report: Aeropostale has potential to become a 500-store chain—again

    A big mall developer thinks Aerospostale still has plenty of life left in it.   Simon Property Group, along with General Growth Properties and several other companies, bought the failing chain out of bankruptcy in September.  Speaking to a group of investors last week,  CEO David Simon expressed confidence in Aeropostale’s ability to regain momentum.  

  • Troubled apparel retailer heading toward bankruptcy—again

    American Apparel Inc. reportedly is preparing to file for its second bankruptcy just nine months after it emerged from its first one.     According to Bloomberg, the beleaguered retailer, whose sales continue to slide, could file as early as in the next few weeks.  

  • Amazon Prime makes it way to China

    Amazon is looking to give Alibaba and JD.com a run for the money on their home turf.   The online giant is making its Amazon Prime subscription service available in China, a country where it has struggled to gain market share.     

  • Experts Weigh In: Amazon’s grocery store expansion

    Five grocery tech experts chimed in on the recent report that Amazon is planning a major move into the brick-and-mortar grocery store space, and see the potential for up to 2,000 branded grocery stores over the next 10 years.   

  • Google testing voice search for local shopping

    Google is testing a feature that allows users to search for specific products nearby or in a specific area using voice commands.    According to a report by MediaPost, the feature, similar to a search experience, provides the users with a response (verbal in this case) based on local inventory around them.   
X
This ad will auto-close in 10 seconds