Skip to main content

Supply Chain & Merchandising

  • Target lowers Q1 sales and profit forecast

    Softer than expected sales trends prompted Target to lower its first quarter earnings outlook Tuesday morning.

    The company said it now expects first quarter comps to be flat, after previously forecasting a range of flat to 2% growth. The softer than expected sales prompted the company to revise first quarter adjusted profit expectations to an unspecified level of "slightly below" earlier guidance of $1.10 to $1.20.

  • Stater Bros. names former Supervalu exec as new president and COO

    San Bernardino, Calif. -- Stater Bros. Markets said Tuesday it has named that Peter Van Helden as president and COO, succeeding the retiring Jim Lee.

    Van Helden was previously EVP retail operations for Supervalu.
     

  • J.C. Penney considering real estate spinoff to raise cash

    New York -- A Tuesday report by Bloomberg said that J.C. Penney has an additional plan to raise money; the retailer is said to be considering a spinoff of its real-estate holdings into a new unit that could issue debt.

    Citing two unidentified sources, Bloomberg said Penney is also considering selling its real estate and then leasing it back as another avenue to free up money. And other assets, such as inventory, could be collateralized.

  • Mobile, Virtual, and Traditional Checkout: What’s a Retailer to Do?

    By Keith Carpentier, Tensator.com/us

  • Crabtree & Evelyn positions itself on cloud for global expansion

    BURLINGTON, Mass. — Crabtree & Evelyn, an international luxury brand known for its bath, body and home fragrance products, turned to Demandware to re-launch its U.S. e-commerce site, crabtree-evelyn.com. 

  • Ikea’s U.S. solar presence brightens

    PERRYVILLE, Md. — Ikea has plugged-in the solar energy system installed at its distribution center in Perryville, Md. 

  • Target warns Q1 profit will fall short of forecast

    Minneapolis -- Target Corp. said Tuesday it will miss its first-quarter profit outlook as seasonal and weather-sensitive items underperformed.
     
    The retailer also said it now expects same-store sales to be flat in the quarter.

    Target’s quarterly results are slated to be reported on May 22.

     

  • Walmart unveils sustainable commitments in global meeting

    Bentonville, Ark. -- In its Global Sustainability Milestone Meeting on Monday, Walmart announced new commitments the retailer says will dramatically increase energy efficiency and renewables, and hasten its path toward being 100% supplied by renewable energy.

    Walmart president and CEO Mike Duke outlined specific goals the company said it intends to achieve by Dec. 31, 2020:

X
This ad will auto-close in 10 seconds