Supply Chain & Merchandising

Michael Bauersfeld has resigned as Sun Products Corporation’s vp, corporate controller and treasurer to pursue other interests.

The company has appointed Jody L. Macedonio, currently the company’s vp, finance and planning, to the additional role of treasurer, responsible for all treasury functions at the company including investor relations. 

Kevin Page, currently the Sun’s director of financial operations has been designated as interim corporate controller.

Canton, Mass. -- Big & tall men's apparel retailer Destination XL Group announced that it has increased its existing asset-based revolving line of credit with Bank of America, N.A. by $25 million to $125 million.     In addition, the company entered into a new agreement with Wells Fargo Capital Finance for a $15 million five-year senior secured second lien term loan.  

Dallas -- UCR Dallas announced that Cabela’s will make its Houston debut with a new 72,000-sq.-ft. store at Interstate 45 and Big League Dreams Parkway in League City, Texas. Cabela’s will join HEB, Kohl’s and Big League Dreams Sports Park at this development.    The new store is slated to open in fall 2015.   

Sunbury, Penn. –- Weis Markets Inc. reported net income of $13.7 million in the third quarter of fiscal 2014, a 17% increase from $11.7 million in the same period a year earlier. The elimination of a one-time severance charge and impairment charge from the loss of four properties helped boost net income for the quarter.   Net sales increased 3% to $683.9 million from $661.4 million, while its same-store sales increased 2.6%.   

Dollar General has extended the deadline for Family Dollar shareholders to approve a buyout deal while it continues to recommend a “no” vote on a competing proposal from Dollar Tree.

Dallas –- Tuesday Morning Corp. cut its net loss almost in half to $6.23 million in the first quarter of fiscal 2015 from $12 million in the same period the prior fiscal year. Net sales increased 10% to $202.2 million, compared to $183.7 million.    Same-store sales increased 11%. The retailer credited the turnaround phase of its ongoing transformation program for creating the generally encouraging results.  

Redwood Shores, Calif. -- Kohl’s has overhauled its core merchandising, inventory, and pricing operations with the launch of a new Oracle Retail Merchandise Operations Management solution, allowing the retailer to coordinate a unified system of record for inventory to better serve multi-channel customers and to simplify its business user experience.  

Flower Mound, Texas -- UCR Dallas announced that Luna Grill opened its first Texas location in October, debuting at Riverwalk Market at the northeast corner of FM 2499 and FM 1171 in Flower Mound, Texas.

 

The Mediterranean restaurant leased 2,200 sq. ft. with an outdoor patio. Luna Grill currently has 16 locations in California and Texas, and expects to open more in 2015.