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Supply Chain & Merchandising

  • Overstock.com becomes first online retailer to accept Bitcoin

    Overstock has announced that it now accepts Bitcoin as a form of payment on its online shopping site.

    When customers shop the website they will find the digital currency listed as a payment choice along with Visa, MasterCard and PayPal.

  • Men's grooming line to hit Meijer stores

    Men’s grooming line, HYD For Men, has announced that its Razor Shield will be sold in 183 Meijer stores beginning in February.

    Razor Shield was developed to help create a liquid barrier to protect razor blades.
     

  • Sears forecasts Q4 loss of $250 million-$360 million as holiday sales fall

    Hoffman Estates, Ill. – Sears Holdings Corp. forecast a fourth-quarter loss and reported declining sales during the crucial holiday period.

  • Zale holiday earnings fall 2%

    Irving, Texas -- Revenues for the two-month 2013 holiday period at Zale Corporation dropped 2% to $556 million from $567 million in the same period the prior year. Zale said the decrease in revenues is primarily due to the net decrease of 91 stores compared to last year and a decline in the Canadian exchange rate, partially offset by 2% overall same-store sales growth including e-commerce sales.

  • American Eagle Q4 revenues, same-store sales decline

    Pittsburgh – Total net revenue for American Eagle Outfitters, Inc. decreased 2% to $882 million during the fourth quarter of fiscal 2013, compared to $904 million for the same quarter a year earlier. Consolidated same-store sales decreased 7%, compared to a 5% increase for the comparable period in 2012.

  • Bloom out at Family Dollar, Reiser named CMO

    The search is on for a new president and COO at Family Dollar following the resignation of Michael Bloom amid deteriorating financial results and a 3% same store sales decline in December.

  • Supervalu doubles net earnings; commits to rebranding retail banners

    Minneapolis – Supervalu reported net earnings of $31 million during the third quarter of fiscal 2014, almost double the net earnings of $16 million reported in the same quarter of the prior fiscal year. This dramatic increase came even as net sales slipped 1% to $4.1 billion from $4.5 billion.

  • Costco tops estimates in December

    Issaquah, Wash. - Costco Wholesale Club’s same-store sales rose 3% in December, beating analysts' estimates of a 1.8% gain. The metric climbed 5% in the U.S. and inched up 1% overseas for the five weeks ended Jan. 5.

    Total monthly revenue increased 6% to $11.53 billion.

    For the 18-week period, same-store sales were up 3%. In the U.S. the metric rose 4% and 1% internationally.

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