Supply Chain & Merchandising

The CEO of The Container Store says the company is still on track to maximize profitability despite a disappointing second quarter that produced little sales and revenue growth.

The Texas-based chain reported that for the second quarter ended Aug. 29, revenue edged up 1.2% to $195.5 million. Net income fell by more than 60% to $2.67 million, with earnings of $0.06 per share, a penny less than the consensus forecast and down by more than half from last year's $0.14 per share showing.

Walmart Canada is joining forces with a C-store giant to make online shopping as convenient as possible.

In a pilot project, Walmart’s Canadian subsidiary is partnering with 7-Eleven Canada to expand Walmart Canada’s Grab & Go locker network to six 7-Eleven stores in the greater Toronto area.

Gelson's Markets is joining Smart & Final on the acquisition of some Haggen properties in Southern California.

Gelson's, a regional supermarket chain operating in Southern California, announced it is bidding on eight Haggen locations across five counties: Los Angeles County (Santa Monica); Orange County (Laguna Beach, Ladera Ranch); Riverside County (Rancho Mirage); San Diego County (Carlsbad, Del Mar, Pacific Beach); and Ventura County (Thousand Oaks).

Lifetime Fitness has selected a fixturing solution from Cubic Visual Systems for use in its pro shops.

“Their retail fixturing solutions seemed to offer the durability and design flare that we were searching for in our pro shops,” said Julie Yager, senior VP of Lifetime Fitness.

The Chanhassen, Minnesota-based fitness company, which has its own millwork resources, is using Cubic Visual Systems’ hardware resources in eight to 10 shops. Lifetime Fitness intends to work with Cubic Visual Systems going forward.

In a not unanticipated move, American Apparel filed for bankruptcy protection in Delaware on Monday. But the company said its stores will not be affected by the filing, and no store closings or layoffs were announced.

The Los Angeles-based retailer, which has not reported a profit since 2009, has been struggling under the weight of big debts sluggish sales and a protracted — and costly — legal battle with its founder and ousted CEO, the controversial Dov Charney.

Welcome to Connected Retail a new newsletter from Chain Store Age covering the intersection of customer and channel connectivity.

A new survey has revealed some more glum news about shrink in the U.S. retail industry.

“There are two kinds of big companies in the United States. There are those who’ve been hacked…and those who don’t know they’ve been hacked.”

Several years before FBI Director James Comey made that bold, now infamous proclamation on CBS’s 60 Minutes, the National Science and Technology Council (NSTC) partnered with the National Science Foundation (NSF) to initiate a federal strategic plan for cybersecurity research and development.