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Supply Chain & Merchandising

  • Dunkin’ Donuts to open 86 new units in nation’s capital by 2020

    Canton, Mass. -- Dunkin' Donuts has 86 new restaurants slated for development in the Washington, D.C., market by 2020. The company said 15 development agreements were signed over the past year that will deliver 64 new restaurants, in addition to 22 restaurants that were previously contracted.

  • Toys"R"Us expands into Poland

    WAYNE, N.J. — Toys“R”Us announced that it has established business operations in Poland and plans to open its first store in the country at the end of November. The first Toys“R”Us store in Poland will open in the country’s capital city of Warsaw just in time for the holiday shopping season, with several additional locations slated to open in major cities throughout the country in 2012, the company reported.

  • Moody’s: Industry real operating income to be flat or rise only 1% in 2011

    New York City -- The U.S. retail industry will perform in line with sluggish U.S. GDP growth through 2012 as persistent unemployment, stock market volatility and economic gloom weigh on consumer confidence and spending, according to a new report by Moody's Investors Service.
     

  • Supervalu expands in Chicago, helps fight food deserts

    CHICAGO — At an event Tuesday in Chicago, Supervalu announced that it will open a Save-A-Lot store in the Lawndale neighborhood of Chicago, bringing thae total number of Save-A-Lot stores in the Chicagoland area to 14. Supervalu, which said it is opening the store as part of its commitment to helping eliminate food deserts nationally, made the announcement alongside First Lady Michelle Obama and Chicago Mayor Rahm Emanuel. The Lawndale store will open by the end of November. 

  • Office Depot profit doubles on one-time gains; adjusted results miss Street

    Boca Raton, Fla. -- Office Depot's fiscal third-quarter net income more than doubled, but its adjusted results missed analysts’ expectations amid sales declines in North America.

    The company earned $91.7 million for the period ended Sept. 24, compared with $32 million a year earlier. But excluding $6 million in restructuring charges and other costs and a $99 million tax benefit, the company lost about $700,000, or break-even per share.

  • Dick’s Sporting Goods opening five stores

    Pittsburgh -- Dick’s Sporting Goods announced it is opening five stores this week.

    The retailer will be opening stores at Fort Smith Pavilion, Fort Smith, Ark.; Springbrook Prairie Pavilion, Naperville, Ill.; Indian Mound Mall, Heath, Ohio; The Shops at Stonewall, Gainesville, Va.; and Lisbon Landing, Lisbon, Conn.

  • Target website down for two hours on Tuesday

    Minneapolis -- Target Corp. confirmed Tuesday that its website crashed for the second time in six weeks, going down at approximately 12:50 p.m. EDT and then coming back up two hours later, at 2:50 p.m. EDT.

    Target.com also crashed on Sept. 13, after the retailer’s online introduction of its new line of Missoni apparel and items.

    Target has not yet said what caused Tuesday’s crash.
     

  • ODP delivers earnings growth, but sales weak

    BOCA RATON, Fla. — Office Depot delivered higher profits for its third quarter, but sales were down thanks in part to weak comps at its North American retail division. Office Depot reported that total company sales for the third quarter of 2011 were $2.8 billion, a 2% decrease compared with the third quarter of 2010. Net earnings for the quarter were $92 million, or 28 cents per diluted share, compared with $32 million or 12 cents per diluted share for the same period last year.

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