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Supply Chain & Merchandising

  • Deloitte and Decernis form strategic alliance

    NEW YORK — In an era of increasingly complex global supply chains and product safety concerns, Deloitte and Decernis have formed a strategic alliance to provide compliance solutions to consumer product, food service, retail and distribution companies.

    The alliance combines Deloitte's food safety, quality and supply chain experience and the software platform and content provided by Decernis for tracking and alerting consumer businesses about compliance issues.

  • Dollar General Q3 income up 21.3%; to open 635 stores in fiscal 2013

    Goodlettsville, Tenn. -- Dollar General Corp. on Tuesday posted a bigger-than-expected increase in quarterly profit and total sales in line with Wall Street expectations. But the chain said it remained cautious about the rest of the year, amid heightened pricing competition and

    Dollar General said it plans to open approximately 635 stores in fiscal 2013, including some 20 Dollar General Market stores and 40 Dollar General Plus stores. The company also plans to remodel or relocate a total of approximately 550 stores.

  • Bankruptcy basics for retail industry suppliers

    Particularly in the current economy, it is not uncommon for purchasers, anywhere along the supply-to-distribution chain, to claim financial distress and file for bankruptcy relief.

    How can a person or entity hope to collect on debts owed by a "bankrupt" purchaser? What follows is a primer on bankruptcy terms and procedures, as well as steps an unsecured creditor may follow to be in the best position to collect on what is owed without incurring substantial attorneys’ fees.

  • Retail imports to increase 3.9% in December despite port strike

    Washington -- Import cargo volume at the nation’s major retail container ports is expected to increase 3.9% in December despite a strike that closed the nation’s largest port complex for the first few days of the month, but retailers are keeping a close watch on a possible strike on the East Coast and Gulf Coast, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

  • Toys ‘R’ Us posts wider Q3 loss under weight of interest expenses

    New York -- Toys “R” Us posted a wider loss for its fiscal third quarter due primarily to an increase in interest expenses. The retailer said it lost $105 million for the quarter ended Oct. 27, compared with a loss of $93 million in the year-ago period.

    Toys “R” Us attributed the wider loss to a $29 million increase in its interest expenses due to an issuance of senior notes and repayment of other senior note

  • Office Depot offers online customers break for holiday

    BOCA RATON, Fla. — Office Depot is making online shopping more convenient to holiday shoppers racing against the clock while trying to avoid steep shipping and handling fees.

  • IDC: Top 10 Retail Tech Trends for 2013

    Framingham, Mass. -- The omnichannel retail experience figures prominently in IDC Retail Insights’ Top 10 Predictions for the Retail Industry 2013. A hallmark of IDC’s offering for three decades, the annual report provides IDC's outlook on the IT market, across industries, in the coming year.

  • CVS increases size of tender offer

    Woonsocket, R.I. -- CVS Caremark has upped the size of its previously announced tender offers to refinance a portion of its debt. The company announced that it will buy back up to $1.33 billion in notes, up from the previously announced $1 billion.

    "Through this transaction as well as our recent debt issuance, we are taking advantage of the current favorable interest rate environment. This debt refinancing will enhance our long-term debt structure and decrease our interest expense going forward,” stated Dave Denton, EVP and CFO of CVS Caremark.

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