Skip to main content

Supply Chain & Merchandising

  • Five Below names COO and retail veteran Joel Anderson as CEO

    Philadelphia — Specialty retailer Five Below named current COO and industry veteran Joel Anderson as president and CEO, effective Feb.1., 2015.  Anderson has also been elected a member of the company's board of directors.  Current CEO and co-founder, Tom Vellios, who will work with Anderson to ensure a smooth transition, will remain active in the company as executive chairman.   

  • Shake-up at Francesca’s; company taps former Signet Jewelers chief as CEO, chairman

    Houston — In its surprise change of leadership, Francesca's Holdings Corp. named Michael W. Barnes as chairman, president and CEO, effective immediately. He joins Fancesca's after serving as CEO of Signet Jewelers since 2011, and leading the company’s $1.46 billion acquisition of Zale Corp. Barnes left the Ohio-based Signet in October, saying he wanted to be closer to his family in Dallas.  

  • Canada approves Tim Hortons-Burger King merger

    Oakville, Canada — The proposed merger between Tim Hortons Inc. and Burger King Worldwide Inc. has been approved by the Minister of Industry under the Investment Canada Act ("ICA"). The companies have set the deadline for registered shareholders of Tim Hortons or Burger King Worldwide to make an election by Dec. 9, with the assumption the proposed merger will occur Dec. 12.

  • Guns no defense against comp decline at Sportsman's Warehouse

    Weakening demand for guns and ammunition contributed to a 6.2 percent decline in same store sales at outdoor retailer Sportsman’s Warehouse Holdings.

    The comp decline was offset by an increase in new stores which allowed the company to grow sales by 4.3 percent to $182.5 million and end the third quarter on Nov. 1 with 55 stores. Profits on an adjusted basis to exclude non-recurring expenses were $8.9 million, or 21 cents a share, compared to $7.1 million, or 17 cents a share.

  • Report: Kohl’s new loyalty program pilot garners 10 million enrollees

    Menomonee Falls, Wis. — Kohl’s Department Stores had a tough third quarter that included a 20% drop in profits, but the retailer reportedly sees its loyalty program and mobile wallet as important competitive assets. According to the Wall Street Journal, a 300-store pilot program of the new Kohl’s loyalty program garnered 10 million enrollees, and another 10 million shoppers have joined since the program went nationwide in October.  

  • Genesco lowers outlook, names new CFO

    Genesco detailed succession plans for its CFO on a day that the company also reported weaker-than-expected earnings for the fiscal third quarter and lowered its outlook for the full year.

  • American Eagle Q3 profit down 63%

    Pittsburgh — American Eagle Outfitters’ profit fell 63% in the third quarter, to $9.03 million from $24.9 million in the year-ago period. The drop was partially driven by costs related to a restructuring program that includes closing underperforming stores and reducing headquarters headcount.  

  • Tech Guest Viewpoint: Shape Demand with Predictive Analytics

    If you talk to retail industry stakeholders about their business priorities for 2015, you will likely hear about their continued focus on omnichannel. But the overall environment is starting to feel different than in years past. Words like “transformation” and “action” are being used to recap the 2014 business landscape. We’re moving past defining omnichannel and now focusing on implementation.

X
This ad will auto-close in 10 seconds