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Supply Chain & Merchandising

  • CNBC to air documentary on Mickey Drexler

    New York -- J. Crew CEO Milliard “Mickey” Drexler is the subject of a CNBC documentary that will premier Thursday, May 24 at 10 p.m., ET, with a re-air at 1 a.m., ET.

  • Hy-Vee names new chairman and CEO

    WEST DES MOINES, Iowa — Randy Edeker, has been named chairman and CEO of Hy-Vee. Edeker will be only the fourth person in the company's 82-year history to be elected to this position. He will succeed Ric Jurgens, who is retiring June 1 following a 43-year caeer with the company.

    Edeker most recently served as President and Chief Operating Officer, and will now hold the offices of chairman, CEO and president of Hy-Vee.

  • Family Express enhances inventory management with Retalix software

    Dallas -- Family Express has improved its inventory management operations significantly by deploying Retalix Ltd.’s demand-driven replenishment solution across its convenience stores in Northwestern Indiana, Retalix said.

  • Kmart now offering in-store bill-pay service

    HOFFMAN ESTATES, Ill. — Customers who wish to pay their bills in person can now do so at Kmart through the retailers new CheckFreePay walk-in bill payment service from Fiserv. The program is available at all Kmart stores nationwide and accepts bill payment from more than 3,000 companies—everything from electric, gas and cable bills to credit card statements and auto loans.

  • Colliers: Retailers investing in technology, opening stores and updating existing units

    Seattle -- Retail companies are more able and willing to reinvest in their businesses, as evidenced by sharp increases in 2012 capital expenditure budgets, according to a new white paper released by Colliers International.

  • PetSmart solidifies top spot in pet retail with earnings surge

    PHOENIX — Earnings shot up 39% to 85 cents per share to 61 cents per share at PetSmart during the first quarter as the company continues to dominate the pet retail space. Net income totaled $95 million in the first quarter of 2012, compared with $71 million in the first quarter of 2011.

  • MIZCO International launches line of tablet accessories

    MAVENEL, N.J.  — MIZCO International has introduced an entire line of universal tablet accessories under the company’s DIGIPOWER, iEssentials, and Travelocity brands. All of the new accessories, according to MIZCO president and CEO Albert Mizrahi, are designed to work with both the Apple iPad as well as Android based tablets.
     

  • Big Lots Q1 profit misses

    Columbus, Ohio -- Big Lots Inc. posted a lower-than-expected adjusted profit for the first quarter and cuts its full-year earnings outlook.

    Big Lots' first-quarter earnings fell 22% to $40.7 million, from $52.5 million a year ago. Sales increased 5.4% to $1.29 billion. Same-store sales edged down 0.8%.

    Net profit margin declined to 3.1% from 4.3% a year ago.
     

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