Supply Chain & Merchandising

SPRINGFIELD, Mo. — A down economy means people are less likely to buy new cars, which means they will need to take care of the ones they do have, and that's good news for companies like O'Reilly Automotive, which reported sales and earnings growth for the third quarter.

Sidney, Neb. -- Outdoor retailer Cabela’s reported Thursday that profit for the third quarter surged 68.7% to $33.3 million, compared with $19.7 million in the year-ago period. Results surpassed analysts’ expectations and mark the third straight quarter of profit rises.

Revenue rose 6% to $678.6 million, missing Wall Street’s expected $681.5 million.

Beijing -- Local Chinese newspaper the People’s Daily reported Thursday that, just two days after re-opening all 13 stores in Chongqing following a forced two-week closure for mislabeling regular pork as organic, the retailer has been called out for selling expired coffee in one of its Chongqing stores.

Wal-Mart’s Beijing-based spokeswoman Christina Lee said the retailer is currently investigating the case.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that same-store sales increased 2.9% in October, boosted by a 3.6% surge in pharmacy same-store sales. Front-end same-store sales edged up 1.3%.

Total drugstore sales for the four-week period increased 2.8% to $1.96 billion compared to $1.91 billion for the same period last year.

By David Thomas, motorolasolutions.com

Tampa, Fla. -- Orlando, Fla.-based Crossman & Co. said that it has negotiated a five-year lease at the Shoppes of Citrus Park, in Tampa, Fla.

Great Clips will open a 1,200-sq.-ft. shop at the Shoppes of Citrus Park.
 

FARMINGTON HILLS, Mich. — Pet Supplies Plus, the third-largest pet specialty retailer in the United States, announced that Harvey Solway, executive chairman of the company, is retiring effective Dec. 31.

Solway, 60, began his twenty-year career with Pet Supplies Plus as EVP and general counsel and served as the company's CEO from January 1993 through June 2011. Solway led PSP through its formative years and was instrumental in growing the business to its 92 corporate and 159 franchise stores today, the company reported. 

New York City -- Prudential Douglas Elliman's Retail Group said Wednesday it has a arranged a long-term lease for The Harlem Wine Gallery at 752 Saint Nicholas Avenue, between 147th and 148th Streets in New York City.

The transaction is the second wine and spirit shop that the team has arranged on the corridor in recent months, following Unity Wines & Spirits at 704 Saint Nicholas Avenue.