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Supply Chain & Merchandising

  • Children's Place Q4 income down; to open 60 stores on 2012

    Secaucus, N.J. — The Children's Place Retail Stores reported a drop in fourth-quarter net income. Children's Place also reported a drop in income from continuing operations after tax to $24.2 million, from $32.7 million in the year-ago period. The company said that comparable-store sales for the quarter declined 2.7%, and net sales were up only slightly (0.9%) to $457.5 million, from $453.2 million for fourth quarter 2010.

    The chain said fourth-quarter sales performance was negatively impacted by the unseasonably warm weather this winter.

  • Nash Finch to buy Nebraska grocery chain Bag ‘N Save

    Omaha, Neb. -- Nash Finch Co. announced Monday that it will acquire Omaha, Neb., supermarket chain Bag ‘N Save, which will grow its retail grocery store portfolio by about 25%.

    Primarily a food wholesaler, Nash Finch will absorb 11 stores in Omaha and one on York, Neb., through the acquisition. Terms have not been disclosed.

     

  • Foot Locker unveils updated strategic plan, to open stores in 2013

    New York City -- In a conference call to investors on Tuesday, Foot Locker announced an updated strategic plan and financial initiatives intended to elevate the retailer’s performance for the 2012 to 2016 period.

  • Valspar names new exec

    Paint manufacturer Valspar has announced that John Wardzel has joined the company as senior VP global operations, reporting to Steven Erdahl, EVP. In this role, Wardzel will provide executive leadership of Valspar’s global operations and becomes an officer of the company.

  • The Omnichannel Executive: Beyond E-Commerce

    By Suzy Stewart, DHR International

    It appears that 2010 was a real turning point for retailers going to the outside to find experienced and talented omnichannel executives.

  • Modell’s Sporting Goods to open three new stores, adds staff

    New York City -- Modell’s Sporting Goods said Tuesday it will celebrate the grand opening of three new locations in Brooklyn, N.Y., Fresh Meadows, N.Y., and Wayne, N.J., on March 8.

    The Fresh Meadows store measures 13,000 sq. ft., the Wayne store is 16,700 sq. ft., and the Brooklyn store is 15,900 sq. ft.

  • Dick's Sporting Goods Q4 profit up 27%, to open 40 stores in 2012

    Pittsburgh -- Dick's Sporting Goods Inc. reported Tuesday that profit for the fourth quarter rose 27% to $111.1 million, compared with $87.5 million in the year-ago period. Revenue increased 6% to $1.61 billion from $1.52 billion, matching Wall Street expectations. Same-store sales inched up 0.1%.

    By banner, Golf Galaxy posted a 9% increase in same-store sales for the quarter, but namesake stores slipped 2.5%.

  • Safeway raises expectations for 2012

    PLEASANTON, Calif. — Safeway is projecting that 2012 will be a good year for the retailer.

    The company said ahead of an investor conference held Tuesday that it forecasts earnings per share will be in the range of $1.90 to $2.10 per diluted share. This compared with net income of $1.49 per diluted share in fiscal 2011, due to a tax charge 29 cents per diluted share. Excluding the charge, diluted earnings per share would have been $1.78 in fiscal 2011.

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