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Supply Chain & Merchandising

  • Holidays not so merry for HHgregg

    E-commerce sales at HHgregg surged during what was an otherwise unhappy holiday season that saw sales fall 6 percent and the company's share price tumble after it withdrew a 2015 profit forecast.

    For the third quarter, the company estimated net sales of $666 million, a decrease of approximately 6% as compared to the prior year quarter. Same store sales for the third quarter decreased approximately 6%, with the appliance category relatively flat. However, the company estimated that its e-commerce sales were up approximately 59% for the third quarter.

  • Coach in $574 million deal to buy luxury shoe brand Stuart Weitzman

    New York -- In a deal that will greatly expand its luxury reach, Coach Inc. will acquire upscale footwear brand Stuart Weitzman Holdings from private equity firm Sycamore Partners. Coach will make initial cash payments of approximately $530 million to Sycamore Partners, and, in addition, will pay the firm up to another to $44 million in contingent payments upon hitting “selected revenue targets” over the next three years.

  • Petco: Where the Chinese treats don’t go

    With Chinese-made products suspected in the deaths of more than 1,000 dogs it’s no wonder Petco has removed Chinese-sourced food products from its 1,300 stores.

    Petco announced it has completely removed all China-made dog and cat treats from shelves nationwide, including at Unleashed by Petco stores and online at Petco.com. Petco said the move makes Petco the first national pet specialty retailer to complete this transition.

  • Federal mediators join West Coast ports dispute

    New York -- U.S. mediators are joining the labor talks at West Coast ports in an attempt to jumpstart the stalled negotiations between the powerful International Longshore & Warehouse Union (ILWU) and the Pacific Maritime Association (PMA). The U.S. Federal Mediation and Conciliation Service announced its involvement in the talks late on Monday.

    “We are prepared and ready to render prompt assistance,” Allison Beck, acting director of the Federal Mediation and Conciliation Service, said in a statement.

  • Coach to acquire Stuart Weitzman for $574M

    Department stores could be in for a fresh approach from Coach, following its announcement that it will acquire upscale footwear brand Stuart Weitzman.

    Coach will make initial cash payments of approximately $530 million to Sycamore Partners, and, in addition, will pay the firm up to another to $44 million in contingent payments upon hitting “selected revenue targets” over the next three years.

  • Amazon: Sellers had ‘record-setting’ year in 2014

    Seattle -- Amazon is not a company to shy away from touting its success. On Monday, the online giant announced that third-party sellers on Amazon Marketplace sold a “record-setting” more than two billion items worldwide in 2014, and that the number of its sellers adopting the Fulfillment by Amazon (FBA) service grew more than 65% year-over-year worldwide.

  • End of the line for Bottom Dollar Food

    It's official: Bottom Dollar Food will close its 66 store locations in the greater Philadelphia and greater Pittsburgh markets by Jan. 15 and retire the banner's operations.

    In November, Delhaize Group — the parent company of Bottom Dollar Food — announced the sale of Bottom Dollar's stores and associated lease liabilities to ALDI Inc., which has expressed an interest in growing its U.S. footprint.

  • Rite Aid December same-store sales up 5.3%

    Camp Hill, Pa. -- Rite Aid said that its same store sales for the week ended December 27, 2014, increased 5.3% over the prior-year period.

    The drugstore chain’s pharmacy same store sales, which included an approximate 123 basis points negative impact from new generic introductions, increased 7.3%. Prescription count at comparable stores increased 5.1% over the prior-year period. Front-end sales were up 1.7%

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