Supply Chain & Merchandising

Seattle – Rising selling, general and administrative (SG&A) expenses resulted in shrinking profits for Blue Nile Inc. during the fourth quarter and fiscal year 2014, despite healthy sales growth. In the fourth quarter, net income dropped 2% to $4.83 million from $4.93 million.

Net sales rose 8% to $157.47 million from $145.96 million. During the full fiscal year, net income fell 12% to $9.73 million, from $10.87 million. Net sales grew 5% to $473.51 million, from $450 million.

Amazon.com has long considered itself a pioneer of social shopping. But now the retailer has introduced a game-changing new service that allows customers to do their own social media marketing.

The new service, called Amazon Giveaway, is a self-service tool designed for Amazon customers who want to use giveaways to grow their social media followings and reward their customers and audience. Features include the ability to require contestants to follow the contest organizer on Twitter to be eligible for a chance to win a prize.

Mississauga, Canada – Landlords holding the leases of Target Canada stores reportedly are requesting that Ontario Superior Court put Target Canada into full bankruptcy. According to the Toronto Globe & Mail, the move would remove control of liquidation of the company’s assets from Target and put it in the hands of a third-party trustee.

London – U.K. digital department store retailer Shop Direct is moving to a hybrid cloud model, hosted by IBM, to increase flexibility and quickly respond to changes in demand as it grows. IBM’s cloud will underpin the delivery of a suite of analytics, mobile, social and security offerings that will enable Shop Direct to improve its customers’ online shopping experience while empowering its workforce to collaborate more easily and improve productivity.

Urban Outfitters Inc. set a record and beat Wall Street expectations with its sales for the fourth quarter and full fiscal year 2014.

Total net sales grew 12% to $1.01 billion from $905.86 million, setting a record for the company. Same-store sales, including direct-to-consumer sales, rose 6%. For the full year, total net sales increased 8% to $3.32 billion, from $3.09 billion, also another record. Same-store sales grew 2%. For both the fourth quarter and full fiscal year, strong growth in the wholesale segment helped push up total net sales.

Atlanta – Much of the country is struggling with one of the snowiest winters in history, but The Home Depot Inc. is thinking green. Home Depot has begun filling more than 80,000 positions in the U.S. as it prepares for spring, the company's busiest selling season.

The company is now recruiting for positions both in its stores and distribution facilities. From sales and cashiers to operations and online order fulfillment, opportunities available include both permanent part-time and seasonal positions. Applications must be submitted online.

Minneapolis -- Shorenstein Properties LLC announced Sports Authority signed a lease for 21,877 sq. ft. at Minneapolis City Center.
 
Sports Authority has ten stores in the Minneapolis area but this marks the company’s first store in downtown Minneapolis.  The store is expected to open in fall 2015.

Woonsocket, R.I. – CVS Health Corp. showed vitality with its financial performance in the fourth quarter and fiscal year 2014. Net income for the fourth quarter grew 5% to $1.32 billion from $1.26 billion.