Supply Chain & Merchandising

Phoenix, Ariz. -- Net income at Sprouts Farmers Market Inc. soared 79% to $26.1 million in the third quarter of fiscal 2014 from $14.6 million in the same quarter a year earlier. A reduction in pretax losses helped boost net income growth.  

Wayne, N.J. – Toys ‘R Us Inc. on Friday announced an array of holiday marketing initiatives along with the news that its stores  will open at 5 p.m. on Thanksgiving Day Thursday, Nov. 27, the same time as 2013, and will remain open through 11 p.m. on Friday, Nov. 28, offering doorbusters and deals.  

Ken O’Brien has been elevated to the role of SVP of merchandising at QVC reporting to Doug Howe, QVC’s, EVP of merchandising and planning.

In his new role, Obrien will be responsible for setting and executing QVC’s merchandising strategy for product brands across categories, as well as leading the engagement and management of QVC’s vendor community.
 

Atlanta –- In addition to obtaining data from 56 million payment cards between April and Sept. 2014, hackers who infiltrated the network of The Home Depot Inc. also obtained the email addresses of 53 million customers.   In a statement on its website, the retailer said the files containing the email addresses, which were separate from the payment card files, did not contain passwords or other sensitive information, but customers should still be on guard against phishing scams.

Dedham, Mass. -- Reflexis Systems Inc. announced that more than 50 retailers/brands, quick serve restaurants (QSR), and hospitality companies have selected real-time execution, workforce management, and advanced analytics solutions from Reflexis to date in 2014.   

New Albany, Ohio –- Abercrombie & Fitch reported net sales of $911.4 million for the third quarter of fiscal 2014, less than Wall Street forecast, down 12% from $1.03 billion in the year-ago period. The chain cited slowing mall traffic and weaker results in the latter part of the quarter.   

Dan McNutt, Retail, Exel   With the holiday season right around the corner, the coveted shopping season is even closer with Black Friday and Cyber Monday merely weeks away. In years past, holiday shopping was targeted to brick and mortar, Black Friday foot traffic, but with the steady boom in e-commerce, the shopping frenzy is now taking place in the digital world as well.  

Robert Bacchi, Choice Logistics’ SVP of information systems has been named the company’s EVP and chief information officer. Bacchi will continue to report to Michael Katz, CEO of Choice.