Supply Chain & Merchandising

PEORIA, Ill. — Kwikee, a leading provider of free product images as well as nutrition and ingredient information, has created an application programming interface for retailers and e-commerce developers that need information for consumer products. 

The Kwikee API will provide companies with a trusted source of accurate product information and images from the thousands of brands who pay for their product content to be represented in Kwikee's database.

Philadelphia -- Five Below will make its Texas debut, opening four locations in Austin. The stores, slated to open Aug. 2, are the first of more than a dozen stores Five Below plans to open in the Lone Star state this year.

Targeted at pre-teens and teens, Five Below offers a variety of merchandise across a number of retail categories, with every item priced $1 to $5

Chicago — Sleepy’s has signed into two Chicagoland shopping centers as part of the mattress chain’s expansion in the mid-west.

According to Mid-America Asset Management Inc. www.midamericagrp.com, which handles leasing for both centers, Sleepy’s has taken 6,075 sq. ft. at Cicero Annex in Chicago and 6,507 sq. ft. at Willow Creek Center in Glenview. The Chicago location plans to open this summer; the Glenview store opened recently.

Target’s second quarter just ended and if the dourest of back-to-school spending forecasts proves correct the company’s expectations for same-store sale growth in the range of 2% to 3% could prove optimistic and its third quarter outlook could come under pressure.

Big 5 Sporting Goods Corporation saw a slight uptick in customer traffic and same-store sales improvement for each of its major product categories — apparel, footwear and hardgoods — which contributed to a 4.4% same-store sales increase for the second quarter ended June 30 compared to the prior-year period. 

Net sales for the quarter increased to $239.9 million from $226.6 million for the second quarter last year. 

Weak second-quarter financial results from Office Depot offered the latest evidence of the strategic rationale underpinning the company’s pending merger with longtime rival OfficeMax.

Office Depot said sales in the second quarter ended June 29 declined 4% to roughly $2.4 billion and it posted a net loss of $64 million, or 23 cents a share, equal to a loss reported in the second quarter the prior year.

Boca Raton, Fla. -- Office Depot reported a net loss, as well as declining total sales and same-store sales, during a disappointing second quarter of fiscal 2013. The retailer’s net loss of $64 million was the same net loss it reported in the second quarter of fiscal 2012. Excluding pre-tax charges, including some relating to the planned OfficeMax merger, and non-cash store asset impairment charges, the net loss would have been $28 million.

New York -- Coach Inc. on Tuesday reported a 12% drop in net income in its fourth quarter amid weaker same-store sales in North America, and also said it would sell its Reed Krakoff business to a group led by Reed Krakoff, who will depart the company as executive creative director when the deal is completed.