Supply Chain & Merchandising

Columbus, Ohio – Express Inc. is naming a new CFO, and not looking far to fill the role.

Perry Pericleous, previously VP, finance, has been promoted to senior VP, CFO and treasurer, reporting to Matthew Moellering, executive VP and COO.  

Pericleous succeeds Paul Dascoli, who has left the company, effective July 7. Pericleous, 42, is a 15-year veteran of Express and most recently served as VP, finance with responsibility for all financial planning and analysis functions.

Seattle -- Nordstrom remains on the move with its off-price division.

In pursuit of the holy grail of maximizing supply chain efficiency, solutions provider Orchestro is taking on the $252 billion challenge with the latest version of its Tango product platform.

Orchestro is a leading demand analytics and data management company and Tango is the name of the collection of software solutions consumer packaged goods companies use to solve some of their biggest supply chain challenges. Technically speaking, Tango is what supply chain executives and IT types call a SaaS-based demand signal management platform.

Dallas – Convenience store purchases are often small, inexpensive items most consumers would prefer to pay cash for. 7-Eleven Inc. is making sure customers always have access to cash through an agreement with Financial Consulting & Trading International Inc. (FCTI) to become its new ATM provider.

FCTI is a wholly owned subsidiary of Seven Bank an ATM provider for all 7-Eleven stores in Japan. 7-Eleven's U.S. company-operated and franchised stores are expected to transition to FCTI's ATM program in 2017.
 

Hartland, Wis. – Battery, lightbulb and smartphone/tablet repair franchise Batteries Plus Bulbs is expanding its omnichannel experience — and that includes its physical store portfolio.

The company has launched a new e-commerce site, with a new and improved infrastructure, that ties its online presence more tightly to its nationwide network of more than 650 stores. And as part of its omnichannel growth strategy, Batteries Plus Bulbs plans to open 50 new locations across the country in 2015.

Photo: Central Valley Marketplace, Ceres, California

BJ's Wholesale Club is forming a new partnership with Toshiba as the retailer accelerates its efforts to drive member loyalty and sales.

BJ’s Wholesale Club Inc. says it has selected Toshiba TCxCare to manage and be the single point of contact for “wall to wall” maintenance services at its 200 stores.

New York -- The Container Store may have exceeded the expectations it set for itself in the first quarter, but its results were decidedly mixed.

The company lost $5.2 million, or 11 cents a share in the first quarter, compared to a loss of $3.6 million, or seven cents a share, the prior year. The retailer had forecast a loss between 12 cents and 14 cents and analysts pegged the number at 13 cents.
 
Total sales declined 2.1% to $169.8 million in part because of a $5.2 million foreign exchange headwind.