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Supply Chain & Merchandising

  • Canada's largest grocer closing stores

    Canada's biggest food retailer Loblaw announced it plans to close 52 unprofitable stores over the next year at the same time the company reported lackluster second quarter financial results.

    Loblaw Companies has more than 2,300 stores, including Loblaws, Provigo, and Extra Foods. It also owns Shoppers Drug Mart. 

  • Wal-Mart takes control of e-commerce in China

    Bentonville, Ark. – Wal-Mart Stores Inc. is taking control of its e-commerce operations in China. The discount giant has acquired the 49% of its Chinese e-commerce arm Yihaodian it did not previously own, taking full ownership of its e-commerce business in China.   

  • Loblaw swings to profit, will shutter 52 stores

    Brampton, Canada – Loblaw Companies Ltd. swung from loss to profit in the second quarter of fiscal 2015, but still plans to improve profitability even more. Loblaw reported net income of $185 million, compared to a net loss of $456 million the same period a year earlier.  

  • Amazon swings to rare profit in Q2

    Seattle – Sales growth outpaced that of expenses during second quarter 2015, leading to a rare report of positive net income at Amazon.com Inc. Amazon reported net income of $92 million, compared to net loss of $126 million the same quarter the prior fiscal year.  

  • Elizabeth Arden names brand president, signs Asia deal

    New York - Elizabeth Arden Inc. has named JuE Wong as president, Elizabeth Arden brand, effective Aug. 3. Wong was previously CEO of StriVectin and Astral Brands and also held several leadership positions for brands including N.V. Perricone, M.D. Cosmeceuticals and Murad.

    In addition, Elizabeth Arden has signed a joint venture agreement with Asian prestige beauty distributor Luxasia Ventures Pte Ltd for the Southeast Asia region. Elizabeth Arden expects to commence operations in the first fiscal quarter of fiscal 2016

  • Alibaba stays busy

    Hangzhou, China – If idle hands are the tool of the devil, then Chinese e-commerce platform Alibaba Holding Group Inc. has very righteous hands. Alibaba is staying busy with a new plan to protect cloud data and new cloud solutions, as well as partnerships to provide e-commerce logistics and online sourcing.

  • Home Depot targets pros with $1.6B acquisition

    The Home Depot Inc. is spending about $1.6 billion in an acquisition squarely aimed at better meeting the needs of its professional customers.

  • Wal-Mart expands e-commerce fulfillment capability

    Bentonville, Ark. – Wal-Mart Stores Inc. has made it clear with recent promotions that it has Amazon.com in its sights, and the retailer is now boning up on back-end fulfillment capability for its e-commerce business. Wal-Mart is opening two new e-commerce distribution facilities Bethlehem, Pennsylvania.

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