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Supply Chain & Merchandising

  • Warm weather helps Target deliver Q1 comps growth

    MINNEAPOLIS — April same-store sales at Target increased 1.1% and helped the company achieve a 5.3% first-quarter comps increase that was the highest in six years. How much of the performance was due to record warm weather versus good execution of a solid strategy against the back drop of an improved economy is debatable.

  • Whole Food Q2 profit surges 31%; on track to open 24 to 27 stores

    Austin, Texas -- In what it called the best quarter in its 32-year history, Whole Foods Market’s second-quarter profit jumped nearly 31% on stronger sales. The company raised its full-year outlook on the results.

    “Our exceptional results in the first half of the year have given us the confidence to significantly raise our guidance for the full year. We are confident that our sales momentum and operating disciplines will create continued positive results for our shareholders," Walter Robb, co-CEO said in a statement.

  • Harris Teeter profit edges up in Q2, four stores and 10 remodels on tap

    Charlotte, N.C. -- Harris Teeter Supermarkets reported Thursday that net income for the quarter ended April 1 edged up to $30.3 million, from $29.9 million in the year-ago period.

    Sales climbed 6.7% in the period, to $1.12 billion from $1.05 billion. Same-store sales increased 3.9%.

  • Supervalu transitions EVP retail operations role to former Meijer executive

    MINNEAPOLIS — Pete Van Helden, EVP retail operations for Supervalu, will be leaving the company this spring. Taking his place will be Kevin Holt.

    "This was a mutually beneficial decision that comes at the right time for both Supervalu and Van Helden, as the company continues to implement its business transformation strategy and as Van Helden moves on to opportunities that will better utilize his strengths," the company stated in a release.

  • Spending slows at big retailers in April; Macy’s, Target, Kohl’s, Costco fall short of expectations

    New York -- Macy's Inc., Target Corp., Kohl’s, Saks and Costco’s Wholesale Corp. all reported results that fell short of expectations in April. An early Easter, which helped fuel March results, high gas prices, cool weather and renewed worries about the economy contributed to the decline, according to many analysts.

  • Macy’s, Kohl’s, Costco fall short of expectations in April

    NEW YORK — Macy's Inc., Kohl’s, Saks and Costco’s Wholesale Corp. all reported results that fell short of expectations in April. An early Easter, which helped fuel March results, high gas prices, cool weather and renewed worries about the economy contributed to the decline, according to many analysts.

  • Build-A-Bear Workshop narrows loss

    St. Louis -- Build-A-Bear Workshop posted a narrower-than-expected loss for the first quarter. The retailer reported a net loss of $1.0 million for the quarter ended March 31, 2012, down from a loss of $2.3 million last year.

    Consolidated net retail sales of $95.2 million represented a 1.6% increase compared to $94.2 million. Revenue came in at $96.4 million, missing the $97.6 million analysts had expected. Same-store sales in the quarter rose 3.6% in North America. Overall same-store sales rose 1.2%.

  • Bebe narrows loss in Q3

    Brisbane, Calif. -- Women’s apparel retailer Bebe stores reported Thursday that it narrowed its loss for the quarter ended March 31 to $200,000, compared with a $2.6 million loss in the year-earlier period.

    Sales climbed 10.5% to $121 million, from $109.5 million. Same-store sales rose 7.2%.

    For the remainder of fiscal year 2012, the retailer said it expects to open three 2b stores and close two Bebe stores.
     

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