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Supply Chain & Merchandising

  • Barnes & Noble retail chief to retire

    The chief executive of Barnes & Noble Inc.’s retail group will retire May 2.

    Mitchell Klipper, will continue to work with the company as a special adviser on real estate and other matters, Barnes & Noble said. The company said it has begun to search for a new retail CEO, and Klipper will help in the process.

  • Barnes & Noble retail group CEO to retire; will serve as real estate advisor

    New York -- Barnes & Noble announced that Mitchell Klipper, CEO of the retail group, will retire at the end of the fiscal year, ending May 2, but will remain with the company in the role of special advisor on real estate and other matters. Klipper, a 28-year veteran of the chain, previously served as the retailer’s COO and CFO before being appointed chief executive.

    The retailer said it has begun a search to fill Klipper’s position and that he will help with the selection of the new retail CEO and in the transition process.

  • Activist hedge fund Starboard Value pushes for Staples and Office Depot merger

    New York -- Activist investor Starboard Value LP, which helped put together the merger of OfficeMax and Office Depot, issued a letter on Tuesday calling for Staples Inc. and Office Depot Inc. to merge, saying it would lead to greater savings.

  • Sportsman's Warehouse offers military discount

    Sportsman’s Warehouse will honor those serving in the U.S. military and public safety occupations with a special promotion.

    On Military and Public Safety Appreciation Day, Jan. 24, 2015, the stores will offer discounts of up to 20%. Firearms, ammunition, optics and electronics will be offered with a 10% discount.

  • Bon-Ton posts 5.3% rise in sales; CFO to exit

    Holiday discounts helped Bon-Ton Stores post a robust increase in same-store sales.

    The company said same-store sales for the nine-week holiday period ended Jan. 3 increased 5.3%. Total sales for the combined months of November and December were up 3.8%, the company said.

    Kathryn Bufano, president and CEO, said the company was “pleased” with the numbers, but that a “highly promotional sales environment” tempered the impact of those improved sales on Bon-Ton’s profits.

  • Bon-Ton CFO to retire

    York, Pa. -- The Bon-Ton Stores announced that Keith E. Plowman, executive VP and CFO plans to retire in August. His departure will be followed by an 18-month consulting stint.

    The retailer will undertake a national search to find a CFO to succeed Plowman.

  • TechBytes: Five Hot Tech Trends from NRF 2015

    The National Retail Federation “Big Show” is always a good barometer of what trends will influence the retail technology landscape for the coming year, and the just-completed 2015 edition was no exception. Based on the buzz on the show floor and at keynotes and sessions, 2015 should be an eventful and possibly transformative year in retail IT.

    Here are five technology trends that really stood out.

    Inventory Gets Smart

  • Holiday sales up 1.5% at Michael's

    Michaels Companies Inc. had plenty to smile about during the 2014 holiday season -- its first holiday season since going public in June.

    Net sales for the eleven-week period from Nov. 2 to Jan. 17 increased 3.5% and same-store sales increased 1.5% from the comparable prior year period. For the full fourth quarter of fiscal 2014, net sales are expected to be in the range of about $1.59 billion to $1.6 billion, with an expected increase in same-store sales ranging from 0.8% to 1.2%. Michaels expects operating income to be $286 million to $291 million.

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