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Supply Chain & Merchandising

  • Ritz Camera files for bankruptcy; to close 128 stores

    New York -- Ritz Camera & Image has filed for Chapter 11 bankruptcy protection. As part of its restructuring, the company, which has 265 stores in 34 states, plans to close 128 locations and cut its staff of 2,000 in half.

    This is the second time Ritz has sought protection under the bankruptcy laws, having emerged from Chapter 11 two years ago.

  • Coinstar completes $100 million deal for NCR's DVD kiosks

    Bellevue, Wash. -- Coinstar Inc. said Monday it has completed its $100 million acquisition of DVD rental kiosks and other assets from rival NCR Corp.
     
    Under the terms of the deal, Coinstar will buy products and services from NCR. According to Coinstar, the addition of the kiosks will allow its Redbox DVD rental kiosks to expand to new retail partners.
     

  • Heinz names new head of North America division

    PITTSBURGH — Heinz has named Dave Woodward EVP in charge of Heinz North America, effective immediately.

  • The Globalization of Retail

    By Nancy Chisholm, [email protected]

  • Best Buy launches Best Buy Mobile in Five Star stores in China

    Minneapolis -- Best Buy announced Tuesday it is expanding the Best Buy Mobile brand and store-within-a-store concept into 14 Five Star stores throughout Nanjing, China, this summer.

    The expansion of Best Buy Mobile into the Chinese market is the first evolution of Global Connect, a partnership that was formed in November 2011 between Best Buy and Carphone Warehouse.

  • China tops list of best developing markets for e-commerce growth

    New York -- Large emerging markets with an active online user base and solid infrastructure offer retailers the greatest e-commerce potential in the near-term, according to a new study by A.T. Kearney’s Global Consumer Institute. The study ranks the 10 countries with the greatest potential for e-commerce growth, and China tops the list, followed by Brazil (#2), Russia (#3), Chile (#4) and Mexico (#5).

  • Fairway Supermarket opens in Woodland Park, N.J.

    New Rochelle, N.Y. -- X Team partner Welco Realty said that Fairway Supermarket has opened a new store at Plaza 46 shopping center, in Woodland Park, N.J.

    The 63,000-sq.-ft. store is the chain’s 10th store, all located in the northeastern United States.
     

  • Nordstrom Rack to open in new center in El Paso, Texas

    Seattle -- Nordstrom said it will open a Nordstrom Rack at The Fountains at Farah, a new power and lifestyle shopping center in El Paso, Texas. The store will be approximately 35,000-sq. ft. and is scheduled to open in the fall 2013.

    The Fountains at Farah, with over 600,000 sq. ft. of retail and restaurant space, is being developed and managed by Centergy Retail LLC, Dallas.

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