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Supply Chain & Merchandising

  • Digital sales soar at HSN, but profit dips

    The CEO of HSN says that for the first time ever, more than half of sales at HSN came from digital channels.

    But onine sales did not make up for heavy discounting, and the companyposted profit and revenue declines.The company reported that for the fourth quarter ended Dec. 31, net sales decreased 2% and adjusted EBITDA decreased 3%.Adjusted EPS was $1.15 compared to $1.22 in the prior year.

  • Whole Foods to take Instacart partnership to new level

    Whole Foods Market has been offering deliveries via Instacart in select markets for about a year, but reportedly is significantly extending the scope of the deal.

    According to Re/code, Whole Foods has at least in principle made an unspecified investment in Instacart. Whole Foods has also reportedly signed a five-year deal making Instacart its exclusive perishables delivery provider.

  • Heidenberg Properties celebrates Southport's silver anniversary

    Shirley, N.Y. -- Heidenberg Properties announced that its Southport Shopping Center, located in Shirley, New York, marks its 25th anniversary. The center is 100% leased, anchored by Marshalls, Petland and Kohl's.

    The center first opened to the public in 1990 with original anchors Caldor and Waldbaum's. Over the years, the retail mix has evolved and the center has expanded from 207,000 to 299,000 sq. ft. The first major expansion was the addition of a 33,000 square foot Sears Hardware in 1998.

  • Macy's expanding beauty, discount chains

    Macy’s says cold weather in January helped the retailer report a better than expected decrease in same store sales for the fourth quarter even as the company explores an expansion of its off-price and beauty formats.

    For the period ended Jan. 30, same store sales fell 4.3%, slightly less than the 4.7% fall it had estimated. Total sales declined to $8.87 billion.

  • Profits improve as Office Depot awaits FTC action

    Office Depot continues to hope its merger with Staples secures approval from U.S. regulators, but in the meantime the performance of its retail operations is looking much better should it remain an independent company.

    Office Depot’s North American retail footprint did shrink to 1,564 locations at the end of the year after the company closed a total of 181 stores, including 56 in the fourth quarter. Thinning the herd a bit helped the overall profitability of Office Depot’s largest division during the period ended Dec. 26 even though sales declined.

  • Study: How do you make seamless shopping a reality?

    Retailers who are looking to provide a genuine omnichannel customer experience can take one crucial step to help themselves.

    According to a new study of more than 300 global retail CEOs, including 100 U.S. CEOs, from enterprise retail technology provider JDA Software Group Inc. and PwC, operational silos are a key inhibitor to delivering an integrated, seamless experience. Only 18% of CEOs said they have eliminated operational silos and are delivering seamless omnichannel shopping experiences for their customers.

  • Fast-growing Aldi enters big new market

    Discount grocer Aldi will make its long-awaited California debut on March 24, with the opening of eight Southland stores. But that’s just the beginning of the company’s expansion plans for the market.

    In all, Aldi plans to open approximately 45 stores in Southern California by the end of 2016. The opening of Aldi in California is part of the company's five-year strategic plan to open 650 new stores across the nation. By the end of 2018, the grocer expects to operate nearly 2,000 stores.

  • Another record quarter for Home Depot

    Atlanta-based The Home Depot reported record fourth-quarter and fiscal year results, as it emphasized "the interconnected customer experience" and rode a recovering U.S. housing market.

    The company's fourth-quarter sales were a record $21.0 billion, up 9.5% from the same quarter last year. Net earnings for the three months were $1.5 billion, compared with $1.4 billion a year ago.

    Comp-store sales for the fourth quarter were up 7.1%, and up 8.9% for U.S. stores.

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