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Supply Chain & Merchandising

  • IBM forecasts strong apparel sales for fall

    Armonk, N.Y. -- Apparel sales are expected to post year-over-year gains during the fall shopping season (August, September and October), with especially big increases in children's apparel, according to an analytics-based forecast by IBM.

    Sales in children's apparel this fall are expected to total $2.6 billion, an 11.1% increase over the prior-year period. Women's apparel sales are projected to total $9.2 billion, up 3.1% over last year.

  • Starbuck’s Schultz: Start Hiring

    Starbucks CEO Howard Schultz has never shied away from supporting causes he believes in. But he has really gone on the offensive with his latest passions: political gridlock and the jobs crisis.

  • DataBar: Is your supply chain prepared?

    By Jane Fazzalari

    Since the global standards organization GS1 first announced its plans for DataBar — a new labeling system that stores massive amounts of product data — retail industry stakeholders have been discussing its potential impacts. Major retailers such as Target and Walgreens have already started replacing the standard UPC code on their coupons with DataBar bar code and updated their POS systems according to accommodate the new labelling system.

  • New execs join Hot Topic

    CITY OF INDUSTRY, Calif. — Hot Topic has announced that two new executives have joined the company, Don Hendricks as CIO and Jeff Allison as SVP planning and allocation.

    Hendricks will lead all information technology for Hot Topic Inc. Prior to joining Hot Topic, Hendricks was the CIO at Gymboree Corp. where he led many successful major systems implementations. In addition to his IT responsibilities, Hendricks was also responsible for distribution and logistics.

  • Retail sales mostly solid in August; Limited leads apparel, but Gap declines

    New York City -- Despite low consumer confidence, the volatile economy and a hurricane, many retailers reported better-than-expected sales in August. Hurricane Irene appeared to put a dent in the results of some retailers on the East Coast, but the storm did not appear to do as serious damage as some expected.

    Total retail sales rose 4.4%, just missing the 4.6% rise that Wall Street analysts had expected, according to Thomson Reuters. Of the 19 out of the 25 retailers that Thomson Reuters tracks, 11 beat expectations.

  • Pier 1 continues to bring strong comps home

    FORT WORTH, Texas  — Pier 1 Imports reported a 10.8% same-store sales increase for the second quarter ended Aug. 27, on top of an 11.2% comps increase for the same period last year, driven primarily by increases in traffic and average ticket. Total sales for the quarter improved to $340 million compared to $310 million in the year-ago quarter. 

    Pier 1 said it expects earnings per share for the quarter to be 14 cents.

  • Hot Topic appoints two executives: CIO, and senior VP planning and allocation

    City of Industry, Calif. -- Hot Topic announced that two new executives have joined the company, Don Hendricks as CIO and Jeff Allison as senior VP planning and allocation.

    Hendricks, who will lead all information technology for Hot Topic, most recently served as CIO at Gymboree Corp.

    Allison, will lead the merchandise planning and allocation teams for both the Hot Topic and Torrid brands, most recently served as senior VP planning and allocation for Chico’s FAS.

  • Lowe's makes hurricane-relief contribution

    MOORESVILLE, N.C. — Lowe's pledged $1 million to disaster relief and rebuilding efforts in communities affected by Hurricane Irene.

    “This has been a record-setting year for disasters across the country, and Lowe’s will continue to provide funding, supplies and volunteers whenever possible," said Robert A. Niblock, Lowe’s chairman, president and CEO.

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