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Supply Chain & Merchandising

  • Walmart cuts outdoor water use with WeatherTrak irrigation controller

    Petaluma, Calif. -- Walmart stores equipped with smart irrigation controllers from HydroPoint Data Systems have reduced outdoor irrigation water use an average of 39% per location since the systems were deployed in 2008, the companies announced.

    HydroPoint supplied 631 of its WeatherTrak controllers to select Walmart stores. The systems, which are designed to eliminate landscape water waste, harmful run-off and costly hardscape damage, were added during new store construction and as retrofit projects.

  • TJX Q1 earnings up 41%, boosts FY outlook

    FRAMINGHAM, Mass. — The TJX Companies reported that net sales for the first quarter of fiscal 2013 increased 11% to $5.8 billion and consolidated comparable-store sales increased 8%. Net income for the first quarter was $419 million and diluted earnings per share were 55 cents.

  • Home Depot profit climbs 27.5% in Q1, sales miss Street

    Atlanta -- Home Depot reported Tuesday that profit for the first quarter rose a healthy 27.5% to $1.04 billion, aided by warmer weather during the period.

    Sales rose 6% to $17.81 billion from $16.8 billion, missing analysts’ forecasted $17.89 billion in revenue. The company boosted its 2012 outlook based on year-to-date performance. Same-store sales increased 5.8% in the quarter, with a strong 6.1% gain in the United States.
     

  • J.C. Penney loses $163 million in Q1; same-store sales slide 18.9%

    Dallas -- J. C. Penney Co. on Tuesday reported a loss of $163 million, or 75 cents a share, for its fiscal quarter ended April 28, 2012, compared with a year-earlier profit of $64 million.

    Excluding markdowns to reduce inventory levels, restructuring costs and pension-plan expenses, the loss was $55 million or $0.25 per share, compared with a year-earlier profit of 36 cents.

  • Walmart expands solar footprint to Massachusetts

    New York -- Walmart plans to install solar panels on about half of its stores in Massachusetts, making it the largest user of solar power in the state.

    Walmart is partnering with Greenskies Renewable Energy LLC, Middletown, Conn., on the project, which involves 27 stores.

  • Report: April retail sales rise at slowest pace of 2012

    Washington, D.C. -- A Tuesday report by the Commerce Department showed that U.S. retail sales during the month of April edged up 0.1%, following a 0.7% gain in March and marking the smallest rise of the year so far. The gain was in line with projections.

    Excluding auto sales, retail sales climbed 0.1% in April.

  • JCPenney stands behind strategy as comps, earnings slip in Q1

    PLANO, Texas —  From personnel changes to its new "fair and square" price strategy, JCPenney has put a lot into changing the company's image, and investors are waiting for it to pay off. For the first quarter, the company reported an adjusted net loss of $55 million or 25 cents per share, excluding markdowns taken as a result of the company's continuing efforts to reduce inventory levels to align with its new strategy, restructuring and management transition charges and non-cash qualified pension expense.

  • Family Dollar selects AccessVia solution for shelf-edge signs and label

    Seattle -- Family Dollar Stores has selected AccessVia Web dSignShop software-as-a-service (SaaS) to print shelf-edge signs and labels in their stores. The solution is designed for retailers who want to outsource implementation, maintenance and support activities. Using data from a central source, Web dSignShop SaaS delivers print and digital promotions to stores for immediate availability and high-speed production via the Internet.

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