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Supply Chain & Merchandising

  • Name of new Whole Foods chain is a real mouthful

    The name for Whole Foods Market's new "streamlined and value-focused brand" is not exactly streamlined.

    Slated to begin opening in 2016, the new stores, called "365 by Whole Foods Market," will offer "convenience and everyday low prices on natural and organic products that meet the company's industry-leading quality standards," the company announced Thursday.

  • Shoe Carnival to expand with new, smaller-store concept

    EVANSVILLE, Indiana — Shoe Carnival plans to launch a complementary, small-market store concept. The new format will be approximately 5,000 sq.ft. or half the size of a current Shoe Carnival store.  

  • Kohl's names CMO, makes other exec moves

    Kohl’s Corp. has appointed an ex-Starbucks executive as its next chief merchandising and customer officer.

    The retailer announced that Michelle Gass has been appointed to the newly created principal officer position of CMCO. In this new capacity, Gass has assumed oversight of all of Kohl's merchandising, planning and allocation, and product development functions. She will continue to report to Kevin Mansell, Kohl’s chairman, chief executive officer and president.

  • Aldi to enter California market in 2016 with 25 stores

    Batavia, Ill. — Discount grocery powerhouse Aldi announced plans enter the nation’s most populous state, opening approximately 25 stores in Southern California by July 2016.      The chain’s expansion to California is an integral part of a five-year strategic plan to open 650 new stores across the nation. By the end of 2018, Aldi expects to operate nearly 2,000 stores.   

  • RPAI acquires Woodinville Plaza in Seattle

    Oak Brook, Ill. — Retail Properties of America, Inc. (RPAI) has closed on the acquisition of Woodinville Plaza located in the Seattle Metropolitan Statistical Area (MSA). The property was acquired on an unencumbered basis for a gross purchase price of $35.3 million.   

  • Restoration Hardware builds more momentum

    Restoration Hardware earnings surged in the first quarter on strong sales, giving a boost to the company as it embarks on expanding its business with new stores with larger showrooms.

    For the first quarter ended May 2, Restoration Hardware reported a profit of $7.2 million, or 17 cents a share, up from $1.8 million, or four cents a share, a year earlier. Excluding tax impacts, a prior-year litigation claim and other items, per-share earnings rose to 23 cents from 18 cents. Revenue increased 15% to $422.4 million.

  • Kohl's reveals succession planning as it names top merchant and starts COO hunt

    Menomonee Falls, Wis. — Kohl’s on Thursday announced a series of organizational changes, including the promotion of Michelle Gass to the newly created principal officer position of chief merchandising and customer officer. Gass joined Kohl’s in 2013 as chief customer officer from Starbucks, where she is credited with playing a key role in the coffee giant’s turnaround  several years back.    

  • Men's Wearhouse posts a handsome first quarter

    The Men's Wearhouse reported a dapper first quarter on the same day the company inked a 10-year deal with Macy's to sell tuxedoes.

    The retailer posted net income for the first quarter ended May 2 of $10.4 million or $0.21 per share, compared to $16.5 million or $0.34 per share for the year-ago quarter. Net sales for the first quarter rose 40.4% to $885.09 million from $630.47 million in the same quarter last year. 

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