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Supply Chain & Merchandising

  • Rite Aid names group VP of construction

    CAMP HILL, Pa. — Rite Aid has appointed David Kelly as group VP construction, the retail pharmacy chain said Monday.

    Kelly, who has worked in real estate and development for more than 25 years, will start work May 31 and will have overall responsibility for all store planning and construction services, in addition to having a role in various segmentation initiatives such as Wellness stores, value stores and co-branded Save-A-Lot Rite Aid stores, reporting directly SVP, CFO and chief administrative officer Frank Vitrano.

  • Foot Locker Q1 profit soars 76%

    New York City -- Foot Locker said on Thursday that its first-quarter profit jumped 76% as sales rose sharply. The retailer, which has benefited from efforts to cut costs and close dozens of poorly performing locations, said it earned $94 million for the quarter that ended April 30.

    Sales increased 13% to $1.45 billion, from $1.28 billion a year earlier. Same-store sales rose 12.8%. The results easily beat the average estimates of analysts.

  • Emcor to acquire USM

     Norwalk, Conn. -- Construction and engineering company Emcor Group Inc said it agreed to buy privately owned USM Services Holdings Inc from Transfield Services Ltd. for $255 million in cash to broaden its position in the facilities and maintenance services business.

  • JCPenney to increase Energy Star certifications to 400 stores

    Plano, Texas -- JCPenney Co. announced that it will up its participation in the Environmental Protection Agency’s Energy Star program to 400 stores by the end of 2013. Energy Star certification is awarded to buildings that rank within the top 25% of similar commercial buildings nationwide by meeting strict energy performance levels set by the EPA.

    JCPenney has a companywide goal to reduce facility energy use 20% by 2015.

  • Syms urged by shareholder to stem retail losses, sell real estate

    New York City -- Discount retailer Syms Corp. was urged by a shareholder to stem losses in its clothing business and sell some of the real estate holdings accumulated by late founder Sy Syms.

    According to a Friday report by Bloomberg, Capstone Equities Capital Management LP sent a letter to Syms directors and CEO Marcy Syms on Thursday advocating asset sales, share buybacks and other steps to “enhance shareholder value.” 

  • Bon Ton’s Q1 loss widens

    York, Pa. -- Bon-Ton Stores said Thursday that its first-quarter loss grew as it booked hefty debt-related charges and sales declined almost 2%. Management blamed unseasonably cold and wet weather for weak sales of seasonal apparel, which forced the retailer to take markdowns and other adjustments.

    The company reported a loss of $36 million for the three months ended April 30, compared with a loss of $23.5 million in the same period last year.

  • Select Kroger stores selling Bombay Furniture-branded home decor

    New York -- Bombay Company said Kroger Co. has introduced select Bombay furniture, accessories and gifts at 180 of its stores, Furniture Today reported. 

    The merchandise mix includes “mirrors, vases and novelty accents, as well as furniture pieces such as chairs, upholstered pieces, accent tables and iconic Bombay coffee tables," Bombay said in a release. 

  • Gap Inc. earnings suffer on higher cost of goods

    SAN FRANCISCO — The rising cost of goods and a challenging economic environment took its toll on Gap Inc.'s first-quarter sales and earnings. Gap Inc. reported that net income for the first quarter decreased 23% to $233 million compared with $302 million for the first quarter last year. First quarter diluted earnings per share was 40 cents.  

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