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Supply Chain & Merchandising

  • Conn’s Q2 profit up, raises forecast

    Beaumont, Texas -- Conn's Inc. posted a better-than-expected a second-quarter profit of $11.6 million, compared with a loss of $3.1 million in the year-ago period. The company also raised its full-year profit forecast for the third time.

    Conn’s said revenue rose 10.9% to $207.4 million. Same-store sales rose 21.5% for the quarter, fueled by a 57.5% rise in same-store sales of furniture and mattresses.

  • Supervalu launches single-serve coffee product

    MINNEAPOLIS — Supervalu has launched a new, single-size version of its Java Delight brand of premium coffee.

  • Pet Supplies Plus to open three new retail locations

    Conshohocken, Pa. -- Pet Supplies Plus has signed leases for three new stores in the Delaware Valley, totaling more than 26,000 sq. ft.

    An 8,700-sq.-ft. store will open at Greentree Square Shopping Center in Marlton, N.J.; a 9,800-sq.-ft. store will open at Doylestown Pointe in Doylestown, Pa.; and a7,650-sq.-ft. location will open at The Shops at Blue Bell in Blue Bell, Pa.

    All three stores are slated to open prior to year’s end.

  • New executives named at Save Mart

    MODESTO, Calif. — Save Mart Supermarkets has appointed a new chief human resources officer and chief legal officer, as well as a new CFO.

    In the newly-created role of CHRO/CLO at Save Mart, Eric Nadworny is responsible for leading the human resources, labor relations, risk management, compliance and legal functions for the Modesto, Calif.-based grocer. Nadworny has worked at such companies as Ross Stores, BJ's Wholesale Club and Shaw's Supermarkets.

  • Collective Brands swings to Q2 profit

    Topeka, Kan. -- Collective Brands Inc. reported Friday that net income for the second quarter was $9.7 million, compared with a loss of  $35 million last year when it booked nearly $84 million in one-time charges.

    Sales for the owner of Payless ShoeSource and Stride Rite grew 6% to $886 million and same-store sales rose 2.9%.
     

  • Sustainable seafood gets funding boost

    The Marine Stewardship Council received a nearly $11 million cash infusion from a trio of charitable foundations, including the Walton Family Foundation.

    The groups said the multi-year investment would support expansion of a seafood certification program and continue development of partnerships with fishermen, industry and retailers.

  • Report: Walmart testing iPhone self-checkout app

    Bentonville, Ark. -- According to multiple reports on Tuesday, Walmart is testing a new iPhone app that will allow shoppers to scan items using their iPhones and complete their transactions at in-store self-checkout kiosks.

    Walmart is piloting its Scan & Go program in its Rogers, Ark. store. The system is not designed for mobile payment transactions but rather to allow shoppers to complete purchases as they shop in the store.

  • Closeout veteran named CEO at Tuesday Morning

    Leading closeout retailer Tuesday Morning named Brady Churches as CEO three months after the departure of former CEO Kathleen Mason.

    According to the operator of 850 stores, the board was searching for what it called a "master merchandiser," and believed Churches’ track record of merchandising excellence, combined with his high-energy, entrepreneurial mindset would serve Tuesday Morning very well.

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