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Abercrombie & Fitch conducts trade via cloud to support global growth; uses GT Nexus platform
New York – Abercrombie & Fitch has extended its contract with GT Nexus to expand its cloud supply chain strategy and improve visibility into the movement of orders, payments and goods. The retailer has automated its procure-to-pay process in the cloud using GT Nexus to create a transparent workflow environment for purchase orders, invoices, amendments and settlements.
Since 2010, Abercrombie & Fitch has used the GT Nexus platform to support international sourcing and supplier collaboration.
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Pep Boys flat in Q2
Philadelphia -- The Pep Boys – Manny, Moe & Jack reported net earnings of $5.4 million for the second quarter, down from $33 million in the year-ago quarter.
Sales for the quarter increased 0.4% to $527.6 million, from $525.7 million for the prior-year quarter. Same-store sales dipped 1.3%.
The company is looking for heavier consumer demand for tires to help turn around disappointing net earnings and same-store sales trends during the second quarter of fiscal 2013.