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Supply Chain & Merchandising

  • Toys ‘R’ Us taps new managing director for Australia unit

    Toys “R” Us has appointed Campbell Lennox as managing director of the company’s Australia unit, effective May 26. Lennox will report to Monika Merz, president, Toys “R” Us, Asia Pacific.
     
    Lennox joins the company with more than 20 years of retail and management experience, including a series of roles of increasing responsibility in operations and merchandising. He most recently served as GM, merchandise operations for Harvey Norman, an omnichannel retailer, incorporating an integrated retail, franchise, property and digital platform.

  • Sears to close 80 stores after loss widens in first quarter

    Sears plans to close at least 80 stores this year after widening its loss in the first quarter of fiscal 2014.

    Although same-store sales increased 0.2% for the quarter, the company’s net loss climbed to $402 million from $279 million in the prior-year quarter. Revenues declined 7% to $7.9 billion, from $8.5 billion in the prior-year quarter.

  • Record first quarter for Dollar Tree

    Increases in traffic and average ticket resulted in record first-quarter sales growth at Dollar Tree.

    Consolidated net sales for the quarter were a record $2 billion, a 7.2% increase compared to $1.87 billion reported for last year’s first quarter. Consolidated comparable store sales increased 2% on a constant currency basis. Adjusted for the impact of Canadian currency fluctuations, the comparable-store sales increase was 1.9%.

  • Toys ‘R’ Us names managing director for Australia unit

    Wayne, N.J. -- Toys “R” Us announced the appointment of Campbell Lennox as managing director, Toys “R” Us, Australia, effective May 26.

    Lennox will oversee all operations and business activities for the company’s 34 store locations and e-commerce site, as well as provide leadership for the more than 1,700 employees throughout the country. His responsibilities will include marketing, merchandising, store operations and customer service excellence.

  • Weather bites into Bon-Ton Q1 results

    York, Pa. – Adverse weather that lasted longer into the first quarter of fiscal 2014 than anticipated bit into income and sales at The Bon-Ton Stores Inc. Net loss grew to $31.5 million from $26.6 million a year earlier, and net sales dropped 6% to $607.46 million from $647.9 million.

    Same-store sales declined 5.8%. In addition to weather, the extinguishment of mortgage and senior note redemption debt also contributed to net loss growth.

  • Five Key Takeaways from new Moody’s report, 'Brick-and-Mortar Continues to March Online'

    On the heels of a mostly disappointing 2013 earnings season, many U.S. brick-and-mortar retailers will focus on building out their online presence for growth, according to Moody’s Investor Service’s new report, “Brick-and-Mortar Continues to March Online,” by Charlie O’Shea, VP – senior analyst, Moody’s.

    Here are five highlights from the study:

  • Gap Q1 income drops 22%; Athleta on track for 100 stores by year-end

    San Francisco -- Gap Inc. on Thursday said its first-quarter profit dropped 22%, hurt by weakening foreign currencies.

    The retailer earned $260 million in the three-month period ended May 3, down from $333 million in the year-ago period. Revenue increased 1.2% to $3.77 billion. Same-store sales were down 1%.

  • Walmart upgrades mobile pharmacy app

    Walmart has enhanced its mobile pharmacy app to help customers make better saving decisions and allow quick access to its list of $4 prescriptions.

    According to the company, the enhanced app will allow customers to:

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