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Supply Chain & Merchandising

  • Seven is Target’s lucky number for 2012 fiscal year

    MINNEAPOLIS — What a way to begin the new fiscal year. Target reported a stunning 7% same-store sales increase in February that shattered the company’s guidance for a 4% gain thanks to unseasonably warm weather, which boosted shopper traffic and transaction sizes.

  • Cache to improve e-commerce, introduce mobile commerce

    New York City -- Women’s apparel retailer Cache Inc. said Thursday that it has partnered with e-commerce solution provider FiftyOne Global Ecommerce to facilitate international sales and shipments to more than 100 countries, beginning in fall 2012.

  • Regency Centers announces ground-up development in Houston

    Jacksonville, Fla. -- Shopping center owner Regency Centers said Thursday that it has launched construction on Southpark at Cinco Ranch, a 260,000-sq.-ft. neighborhood center anchored by Kroger, in Fort Bend County, Houston.

    In partnership with Excel Commercial Real Estate, Regency Centers began construction of the center’s first phase on Feb. 20, with anchor openings scheduled for fourth quarter 2012.

  • Pleasant weather warms up sales in February

    Retailers across the board saw increased sales in February, thanks to unseasonably warm weather and increased consumer confidence that got shoppers out of their house and into the stores.

    In a month that was solid overall, the discount sector showed its muscle, turning in a strong February same-store sales performance nearly across the board.

  • PetSmart not going to the dogs

    PHOENIX — When it comes to pets, no expense is too great, and many owners will even forgo spending on themselves in order to get the very best for their animals. Therefore, it is not surprising that such companies as PetSmart continue to perform well even in a down economy.

    For its fourth quarter, PetSmart reported that earnings per share were up 18% to 91 cents. Comparable-store sales grew 5.5%, benefitting from comparable transactions growth of 2.9%. Total sales for the quarter were up 8% to $1.6 billion.

  • Sears Holdings wins EPA Energy Star’s highest honor: the Corporate Commitment Award

    Hoffman Estates, Ill. -- Sears Holdings Corp. said Thursday that it has earned the U.S. Environmental Protection Agency Energy Star program’s highest honor: the Energy Star Corporate Commitment Award.

    The award was given in recognition of Sears leadership in energy efficiency and commitment to continuous improvements. Sears is the fifth corporation to earn the distinction in the EPA's history, and is the first company to receive the award since 2005.

  • Staples shows economy is improving ... slowly

    FRAMINGHAM, Mass. — When people are working -- whether at a small business or large corporation -- they need office supplies, so when a company such as Staples delivers a retail sales increase for the fourth quarter, it is good sign that the economy is improving.

  • Supervalu launches mobile apps

    Eden Prairie, Minn. -- Supervalu announced the launch of a custom-built mobile application designed to give customers the tools they need to be efficient while shopping our stores.

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