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Supply Chain & Merchandising

  • Tesco continues to focus on Fresh & Easy

    EL SEGUNDO, Calif. — Tesco said it is turning its attention to its U.S. supermarket chain, according to the company's annual report.

    According to the company, despite the fact that its U.S. operations, which include its Fresh & Easy supermarket chain, have been slower to recover when compared with its European counterparts, Tesco said, "We are now seeing signs of improvement. ... Customer feedback at Fresh & Easy remains excellent, and strong growth in customer numbers is driving steady sales improvement in each store."

  • Dollar General Q1 profit climbs 15%, on track to open 625 stores

    Goodlettsville, Tenn. -- Dollar General Corp. reported Wednesday that profit for the quarter ended April 29 surged 15% to $157 million, compared with $136 million in the year-ago period.

    Revenue rose 11% to $3.45 billion from $3.11 billion, beating Wall Street expectations of $3.42 billion. Same-store sales climbed 5.4%.

    The discounter plans to open about 625 new stores and to remodel or relocate 550 stores in 2011. Capital expenditures are expected to be in the range of $550 million to $600 million, according to Dollar General.

  • Neiman Marcus Q3 income more than doubles

    Dallas -- In another sign that the luxury market is turning around faster than other retailing segments, Neiman Marcus’ third-quarter profit more than doubled.

    The company's net income for the three months ended April 30 rose to $46.2 million, from $18.5 million.

    Revenue rose 10% to $983.8 million, from $895.2 million last year. Same-store sales increased 9.7%.

    Neiman Marcus operates 41 Neiman Marcus stores across the United States, 30 Last Call clearance stores and two Bergdorf Goodman stores in New York.

  • Gap opening outlet store in Italy

    San Francisco -- Gap will enter the Italian outlet center market, opening a namesale store at the Vicolungo Outlet Center near Milan, on June 2.

  • Private-equity firm to acquire Academy Sports

    Houston -- New York private-equity firm Kohlberg Kravis Roberts & Co. LP said Tuesday that it plans to acquire a majority stake in Academy Sports + Outdoors, the Katy (Houston), Texas-based privately held sporting goods retailer with 131 locations throughout the Southeast.

    Terms of the deal were not disclosed.

    According to KKR, Academy Sports' president Rodney Faldyn will stay on as president and will assume the CEO job from David Gochman, who is the grandson of the chain’s founder.

  • Footlocker makes mid-year executive moves

    Richard Johnson and Robert McHugh have seen their responsibilities expanded at Foot Locker, as the footwear retailer looks to enhance its focus on its retail and direct-to-customer business segments.

  • Mom’s Organic Market opens in Baltimore area

    New York City -- Mom’s Organic Market has opened its seventh store, in Timonium, Md. Along with featuring 100%-certified organic produce, and organic and natural grocery products, the new Mom’s was built with the environment in mind.

    "We believe that we are the most environmentally-responsible grocery chain in the country," said Scott Nash, who founded Mom's in 1987 with a $100 investment, in a report in The Gourmet Retailer.

  • Barneys.com introduces international shipping

    NEW YORK — Barneys New York has announced that its e-commerce website, Barneys.com (www.Barneys.com), has introduced international shipping to 90 countries including Canada, South Korea, the United Kingdom, Australia, and China.

    According to Barneys, international customers will be able to make payments on Barneys.com in their preferred currency with cost-effective international shipping and handling services.  

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