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Supply Chain & Merchandising

  • Wet Seal appoints Talbots exec as head of stores and operations

    Foothill Ranch, Calif. -- The Wet Seal announced today that retail veteran Lesli Gilbert has been appointed executive VP, stores and operations, effective immediately. Gilbert replaces Barbara Cook, former senior VP store operations, who resigned in February.

    Most recently, Gilbert was senior VP of stores at The Talbots, where she was responsible for developing the stores strategy and framework to reposition the business

  • Kroger ratifies labor agreement with UFCW Local 700

    INDIANAPOLIS — Kroger central division employees working at Kroger stores in the Indianapolis area have ratified a new four-year labor agreement with UFCW Local 700.

  • Overstock.com promotes Polpeka to senior VP

    Salt Lake City – Overstock.com has promoted Brian Popelka to the position of senior VP, customer and partner care. Popelka, who previously served as VP of customer care, will take on management of Overtock’s drop ship fulfillment partnerships along with his existing responsibilities for strategic direction and operational effectiveness of customer care.

  • B&G Foods acquires Pirate Booty and associated brands

    PARSIPPANY, N.J. — B&G Foods has acquired Robert’s American Gourmet Food, doing business as Pirate Brands — an all-natural snack foods category — from VMG Partners, Driven Capital Management, founder Robert Ehrlich and other entities and individuals.

    B&G will pay approximately $195 million in cash.

  • Rite Aid forecasts Q1 profit; in debt refinancing move

    Camp Hill, Pa. -- Rite Aid projected that it would turn a profit in the first quarter of fiscal year 2014, results of which it will announce next week. The company has also moved to refinance its debt, announcing that it would buy half a billion dollars in notes using proceeds from a new loan, while also

    The retail pharmacy chain said it would buy $500 million worth of 7.5% Senior Secured Notes, due 2017, using the proceeds from a $500 million second lien term loan.

    The offer will expire on July 5 unless it's extended, the company said.

  • Retailers add 28K jobs in May

    Washington, D.C. -- U.S. retailers added almost 28,000 new jobs in May, according to statistics from the Department of Labor. This followed 20,000 new retail hires in April.

    Restaurants hired another 38,000 people last month.

    New retail and restaurant hires helped drive the addition of 175,000 total new jobs to the U.S. economy in May.

     

  • Retailers remain cautious on merchandise imports

    Washington, D.C. -- Import volume at the nation’s major retail container ports is expected to increase 1.1% in June over the same month last year, reflecting modest growth expectations as retailers head toward the back-to-school and holiday seasons, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.



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