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Supply Chain & Merchandising

  • Genesco acquires 59-store U.K. retailer

    Nashville, Tenn. -- Genesco announced Thursday that it has acquired Schuh Group, a specialty retailer of casual and athletic footwear based in the United Kingdom.

    The purchase price was $159 million.

    Headquartered in Scotland, Schuh operates 59 stores in the United Kingdom and Republic of Ireland, 16 concessions in Republic apparel stores and one of the U.K.'s largest online shoe websites. 

  • Bed Bath & Beyond last year's profits

    UNION, N.J. — Bed Bath & Beyond dominates the home and housewares retail space by consistently reporting strong revenue and earnings growth, and this quarter was no exception.

    The company reported net earnings of 72 cents per diluted share ($180.6 million) in the fiscal first quarter ended May 28, an increase of approximately 38% versus net earnings of 52 cents per diluted share ($137.6 million) in the same quarter a year ago.

  • Staples unveils plans for smaller stores

    Framingham, Mass. -- Staples has revealed plans to shrink its overall store footprint and grow its break rooms as a means to lower costs and increase sales productivity.

    In a presentation to analysts at a Jefferies & Co. conference in New York City on Wednesday, Staples U.S. president Demos Pareros said new stores will be about 15,500 sq. ft. to 16,000 sq. ft., down from the current prototype of 18,000 sq. ft. and the 2000 prototype of 24,000 sq. ft.

  • Best Buy to sublet store space to smaller retailers

    Minneapolis -- Elaborating on previously announced plans to downsize its brick-and-mortar footprint, Best Buy CEO Brian Dunn said this week that the electronics retailer is launching plans to wall off parts of its big-box stores and sublease the space to smaller retailers, such as grocers, beauty supply stores, home furnishing outlets and others.

  • Cardtronics to acquire EDC ATM and Efmark Deployment

    Houston -- ATM owner Cardtronics said Tuesday that its USA subsidiary will acquire EDC ATM Subsidiary, LLC and Efmark Deployment I, for approximately $145 million.

    The transaction doubles Cardtronics ATM placements in multiple states, giving the company about 3,700 ATMs, as well as numerous ATM placement agreements with high-traffic U.S. retailers and ATM branding contracts with some of the country’s largest financial institutions.

  • CPG companies get much needed boost from technology

    WASHINGTON — The vitality of consumer packaged goods companies is healthy again, according to a new report issued by the Grocery Manufacturers Association and PricewaterhouseCoopers on Wednesday.

  • Publix makes Knoxville debut

    LAKELAND, Fla. — Publix Super Markets announced that it will make its Knoxville, Tenn. debut in in the Northshore Town Center at Northshore Drive and Pellissippi Pkwy.

    “We are proud to offer our unique shopping experience to customers in Knoxville,” said Todd Jones, president of Publix Super Markets. “We are committed to providing premier customer service and look forward to supporting the Knoxville community as early as third quarter 2012.”

  • H&M profit drops 18% on high costs; plans 178 new stores in second half

    Stockholm, Sweden -- Hennes & Mauritz AB reported Wednesday that net income for its 2Q dropped 18% to $673 million, from $817 million in the year-ago period.

    The Swedish fashion retailer blamed higher procurement costs and promotional offers for the lagging performance.

    Sales edged up to $5.1 billion from $4.96 billion in the prior year quarter, but gross margin shrank to 61.7% from a previous 65.9%.

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