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Supply Chain & Merchandising

  • Chobani founder named Ernst & Young National Entrepreneur of the Year

    NORWICH, N.Y. — Chobani founder Hamdi Ulukaya has won the Ernst & Young National Entrepreneur of the Year 2012 Retail and Consumer Products Award. Ulukaya was also awarded the Ernst & Young National Entrepreneur of the Year 2012 Overall Award.

    The Ernst & Young Entrepreneur of the Year Award encourages entrepreneurial activity and recognizes leaders and visionaries who demonstrate innovation, financial success and personal commitment as they create and build world-class businesses.

  • Cache selects RetailNext for in-store traffic management

    San Jose, Calif. -- RetailNext announced that specialty retailer Cache has chosen RetailNext for its in-store traffic management and real-time monitoring system. The retailer is currently rolling out RetailNext's platform across the majority of its stores in 43 states.

  • Lowe’s looking better with room for improvement

    Positive same-store sales in 12 of 14 merchandise categories at Lowe’s pushed third-quarter profits up 76%.

    Lowe's reported third-quarter net income of $396 million, up 76% from earnings of $225 million a year ago on revenues that increased 2% to $12.07 billion, ahead of consensus estimates of $11.93 billion. Same-store sales increased 1.8%.

    Lowe’s president and CEO Robert Niblock called the results solid and said the company is focused on improving execution, delivering value and increasing product differentiation.

  • Lowe’s posts higher-than-expected Q3 sales and profits

    New York -- Lowe's Cos. said Monday that its third-quarter net income jumped 76%, helped by lower costs and higher revenue. Its adjusted earnings without charges and its revenue both beat Wall Street forecasts.  

    Lowe's earned $396 million for the three months ended Nov. 2. That compares with $225 in the year-ago period. Revenue rose 2% to $12.07 billion from $11.85 billion. Same-store sales were up 1.8%.

  • Sears Canada names COO

    Toronto -- Sears Canada Inc. announced Friday that Douglas C. Campbell has been promoted to executive VP and COO, effective immediately.

    Campbell will oversee retail operations, logistics, replenishment, information technology and international sourcing, and lead the company's undertaking to improve efficiency across the enterprise.

    Campbell was most recently executive VP, home and hardlines, for the chain.

     

  • PGA Tour to open first Northeast location

    Roswell, Ga. -- PGA Tour Superstore announced it will open its first Northeast location, in Paramus, N.J., on Nov. 21. The 57,000 sq.-ft. store will offer a selection of golf merchandise and apparel.

  • Danfloss helps Supervalu complete first all-natural refrigerant store

    Baltimore -- Danfloss,  a manufacturer of high-efficiency electronic and mechanical components and controls for air-conditioning, heating, refrigeration and motion systems, and provider of energy management and control solutions for the food retail industry, was chosen by Supervalue to provide a range of energy-saving products and support for a remodel project that has resulted in the development of the company’s first grocery store operating 100%  on natural refrigerants.

  • Work more, save more – Walmart extends worker discounts

    Walmart has taken heat for violating some unwritten retail rule about not opening on Thanksgiving, but on Thursday it extended a benefit that many employees will find appealing.

    Walmart has long offered employees a 10% discount on general merchandise, which is pretty hefty considering prices are already low. That discount is in place all year and then in December employees could also save 10% on food.

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