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Supply Chain & Merchandising

  • Walgreens same-store sales rise 5.2% in July

    Deerfield, Ill. – Same-store sales at Walgreen Co. rose 5.2% in July. Walgreens had July sales of $6.39 billion, an increase of 6.1% from $6.02 billion for the same month in fiscal 2013.

    Total front-end sales increased 1.4% in July compared with the same month in fiscal 2013, while same-store front-end sales increased 1.1%. Same-store customer traffic decreased 2.6% while basket size increased 3.7%.

     

  • CVS’s portfolio of enterprise assets drives ‘strong’ Q2 performance

    As today’s healthcare market continues to evolve, CVS Caremark’s portfolio of enterprise assets is enabling the company to provide innovative solutions and products that are delivering results, as evidenced by its “strong” second-quarter results released Tuesday morning.

  • Office Depot raises outlook on cost-savings from 400 planned store closings

    Boca Raton, Fla. – Office Depot has raised its full-year adjusted operating income forecast as cost savings from the closure of some U.S. stores related to its acquisition of OfficeMax are expected to be higher than previously anticipated. As previously announced, Office Depot plans to close at least 400 stores by the end of 2016, with about 165 closures in 2014.

  • Synergy savings keep climbing at Office Depot

    Office Depot softened the blow of weak second quarter sales by bumping up the pace of 400 store closings to drive greater than expected operating profit growth and expense savings related to the merger with OfficeMax.

  • Study: Out-of-stocks affect back-to-school shopping

    San Francisco – Out-of-stocks and placement continue to be key issues for back-to-school retail efforts. According to a field study of 465 retailers across the U.S. from mobile contractor Gigwalk, 47% of the retailers visited had an issue with their back-to-school displays.

    Forty-five percent were due to the product being out of stock, followed by missing price and having the product in the wrong display. Other findings include:

    • 49% plan to spend more this back-to-school season.

  • Edible Arrangements acquires FruitFlowers

    Wallingford, Conn. -- Edible Arrangements announced the acquisition of the FruitFlowers brand, including two company stores, all e-commerce operations and a portfolio of trademarks that includes Incredibly Edible Delites, FruitFlowers  and Fruitflowers.com.

  • Walgreens names Krafts Foods exec as CFO

    Deerfield, Ill. — Walgreens on Monday named Timothy McLevish as Walgreens executive VP and CFO, effective immediately. He will lead all of Walgreens' finance functions as the company prepares to move forward with the proposed second step of its strategic partnership with Alliance Boots.
     

  • Fraport to manage retail malls at four U.S. airports

    Frankfurt, Germany – Germany-based airport management services provide the Fraport Group has expanded its international portfolio in the global airport market by acquiring 100% of U.S.-based AMU Holdings Inc., which owns Airmall USA Holdings Inc. Airmall markets space at the aviation hubs of Baltimore, Boston, Cleveland and Pittsburgh.

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