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Supply Chain & Merchandising

  • Iconic Fifth Avenue women’s store to create greater sales space

    One of New York City’s most iconic luxury apparel stores is getting bigger.

    Bergdorf Goodman will relocate its executive offices and other non-sales related functions to 4 West 58th Street, adjacent to its iconic Fifth Avenue location. The move will create an additional 25,000 sq. ft. of retail space in the retailer’s flagship, including the entire 8th and 9th floors.

  • Decline of the in-store shopper hits Pier 1 Imports

    Pier 1 Imports says it is still confident in its omnichannel strategy despite a mostly flat third quarter in which the company struggled with the same soft store traffic impacting many other retailers.

    For the third quarter ended Nov. 28, the specialty retailer said same store sales decreased 0.7%. Total sales decreased 2.5% (a 1.4% decrease on a constant currency basis) to $472.5 million, compared to $484.5 million in the third quarter of fiscal 2015. Net income $10.92 million, or 13 cents a share, vs. a profit of $17.86 million, or 20 cents a share, a year ago.

  • Ikea gets OK for another store in Texas

    The Lone Star State is going to get its fourth Ikea.

    The City Council of Grand Prairie, Texas, has approved Ikea’s plans to build a second store in the Dallas-Fort Worth-area. Pending remaining approvals and permits, construction of Ikea Grand Prairie could begin fall 2016, with an opening in fall 2017. It will be the company’s fourth store in the state of Texas.

  • CVS Health enterprise on solid footing; raises midpoint of earnings outlook

    At its annual Analyst Day in New York Wednesday morning, CVS Health raised the midpoint of its earnings outlook for 2016.

  • Valeant extends savings in new fulfillment agreement with Walgreens

    Valeant Pharmaceuticals is forming new fulfillment agreements with Walgreens while indicating it intends to extend this distribution model to additional participating independent retail pharmacies. 

  • Fujitsu: Major changes in store for retail by 2020

    The next five years will see continued consumer adoption of advanced technology drastically alter how retail is conducted.

    According to a new study from Fujitsu Americas, 50% of retail will be automated by 2020. Advancements in enterprise technology, supported by Big Data playing a larger behind-the-scenes role, will allow retailers to offer enhanced front-end experiences using mobile platforms, smart sensors and social media.

  • Toys 'R' Us is focused on 'flawless' as it goes into holiday home stretch

    With the financial picture improving modestly at Toys “R” Us, CEO David Brandon said the company is ready to build on third quarter successes during the final days of the holiday season.

  • Focused on flawless, Toys “R” Us ready for stretch run

    With the financial picture improving modestly at Toys “R” Us, CEO Dave Brandon said the company is ready to build on third quarter successes during the final days of the holiday season.

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