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Supply Chain & Merchandising

  • 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.

  • Sears, Kmart help support Irene recovery efforts

    NEW YORK — Sears and Kmart stores announced that they are supporting emergency relief efforts in a dozen states to help residents recover from Hurricane Irene’s damaging winds and floodwaters.

    Sears and Kmart stores will offer discounts on recovery items in stores throughout Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island and Vermont.

    Key discounts include:

    Kmart:

  • 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.

  • Macy's beats street, Kohl's, JCPenney fall short

    NEW YORK — Macy’s reported that its same-store sales rose 5% in August, beating estimates. The retailer said sales would have been higher by 1.5% points without the impact of Hurricane Irene. Industry analysts had warned that the storm would impact department stores and specialty retailers the most as consumers focused on buying generators and other emergency and recovery items versus back-to-school and discretionary products.

  • Back-to-school, Irene aid Target’s August sales

    MINNEAPOLIS — The first month of Target’s third quarter is off to a solid start as the company reported a 4.1% same-store sales increase squarely in the middle of guidance that called for a low to mid single-digit gain.

  • New leadership era begins at Costco

    ISSAQUAH, Wash. — First it was Steve Jobs, and now Costco’s legendary co-founder Jim Sinegal is stepping down as CEO.

  • Irene hits department stores in August; Macy’s still beats Street, Kohl’s and J.C. Penney fall short

    New York City -- Macy’s reported that its same-store sales rose 5% in August, beating estimates. The retailer said sales would have been higher by 1.5% points without the impact of Hurricane Irene. Industry analysts had warned that the storm would impact department stores and specialty retailers the most as consumers focused on buying generators and other emergency and recovery items versus back-to-school and discretionary products.

  • And then there’s Dollar General . . .

    As if escalating tensions with Target weren’t enough of a large format competitive concern for Walmart, Dollar General remains on a roll with its 9,641 value-oriented and conveniently located stores.

    The company sounded like it lifted a line from Target’s August sales release earlier this week when it reported second quarter results that exceeded expectations due to an increase in customer traffic and average transaction size.

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