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Supply Chain & Merchandising

  • Report: February sales grow 0.7%

    San Francisco -- Shopper activity cooled off in February 2014 as a result of extremely cold weather across the country. According to in-store retail analytics provider Euclid, analysis of data from tens of millions of domestic shopping sessions indicates that general merchandise, apparel, furniture and other (GAFO) retail sales grew by a modest 0.7% year-over-year.

  • Big Lots elevates CFO

    Big Lots has elevated CFO Timothy A. Johnson’s to EVP, CFO. Johnson has served as financial chief since 2012 with primary responsibility for all financial disciplines within the company including financial reporting and controls, treasury, risk management, tax, internal audit, financial planning and analysis and investor relations.

  • Albertsons to acquire Safeway in $9.1 billion deal

    Pleasanton, Calif. — Cerberus Capital Managament, which owns Albertsons, won the bid for Safeway.

    Safeway and Albertsons on Thursday announced a definitive agreement under which AB Acquisition will acquire all outstanding shares of Safeway in a deal valued at more than $9.1 billion. The transaction is expected to close in the fourth quarter of this year.

    The companies will operate independently until closing.

  • Family Dollar partners with EPA Energy Star

    Matthews, N.C. -- Family Dollar Stores Inc. has joined EPA’s Energy Star program as an Energy Star partner. Through its voluntary partnership with the U.S. Environmental Protection Agency’s Energy Star Program, Family Dollar will work to improve energy efficiency and sustainability and reduce greenhouse gas emissions through a strategic, corporate energy management program that will help preserve the environment for future generations.

  • Bi-Lo mixes it up in Ga.

    Bi-Lo Holdings, parent company of the Bi-Lo and Winn-Dixie supermarket chains, plans to convert seven existing Harveys stores to Winn-Dixie stores and three existing Winn-Dixie stores to Harveys stores.

    The stores are part of the pending acquisition of 134 operating stores from Delhaize Group.

  • Report: Cerberus to buy Safeway

    New York -- Private-equity firm Cerberus Capital Management has reached a preliminary agreement to buy Safeway Inc. for over $9 million, the Wall Street Journal reported. The deal is subject to board approval.

    As part of the deal, Cerberus would pay roughly $40 a share for Safeway.

    The Kroger Co., which recently completed its acquisition of Harris Teeter, reportedly was also interested in making a bid for Safeway. Even if a deal is announced between Cerberus and Safeway, Kroger could still mount a bid.

  • RMC acquires a Palm Harbor, Fla., shopping center

    Tampa, Fla. — RMC Property Group has acquired a 60,000-sq.-ft. shopping center in Palm Harbor, Fla., for $6.75 million, or $112 per square foot. It is located at the intersection of U.S. Highway 19 and Nebraska Avenue.

    Anchor retailer Office Depot leases 100% of the center, which was built in 1997.

  • The Buckle shuffles leadership

    Kearney, Neb. - Michelle Hoffman has been appointed to the position of VP of sales and Kyle L. Hanson has been appointed to the position of VP, general counsel, and corporate secretary at The Buckle Inc., both effective immediately.

    The company also made the following changes to its leadership team:

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