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Supply Chain & Merchandising

  • Tiffany's 4Q comp shows why luxury still strong

    New York -- Despite continued weakness in the overall economy, middle and upper-class consumers appear to remain little affected by the downturn, as evidenced by Tiffany & Co.'s U.S. same-store sales growth of 9% during its fiscal fourth quarter. Worldwide sales were up 12% for the quarter.

  • Dollar General remains top stock pick on 4Q sales growth

    GOODLETTSVILLE, Tenn. -- Though Dollar General's fourth-quarter sales growth came in at slightly below analysts' expectations, the company is still considered a good investment.

  • VF Corp. has big plans for the next five years

    NEW YORK -- VF Corp., whose stable of banners includes Vans and The North Face, announced an aggressive growth, including plans to open 400 U.S. stores across its various brands during the next five years. The company discussed these plans and more at an investor conference held recently in New York City.

    In addition to the U.S. expansion, VF is looking to open some 225 stores in Europe and 80 in Asia. The expansion is expected to bring the company’s global store count to 1,500 units.

  • Target runs business-critical applications on Microsoft virtualization technologies

    Redmond, Wash. -- Microsoft Corp. announced Monday that Target Corp. is running business-critical workloads for all its retail stores on 15,000 virtual machines using Microsoft virtualization and management technologies, giving its IT department greater agility and economies of scale. Target has virtualized inventory, point-of-sale, supply chain management, asset protection, in-store digital media and more on Windows Server 2008 R2 Hyper-V and Microsoft System Center.

  • Credit Suisse projects strong Q2 for WAG

    NEW YORK — Following the recent sale of Walgreens' pharmacy benefit management business, Credit Suisse analysts said they are interested in the executive team's updated thinking on their healthcare strategy and plans for the $550 million in proceeds.

  • Tiffany net up 29%

    New York City -- Tiffany & Co. said fourth-quarter earnings rose 29% as net sales jumped 12% to $1.1 billion. The company earned $181.2 million in the quarter compared with $140.4 million in the year-ago period. The latest quarter includes from the pending relocation of Tiffany's New York headquarters staff.

    For the full year, worldwide net sales increased 14% to $3.1 billion. Net earnings from continuing operations rose 39% to $368.4 million.

  • Stater Bros. acquires two Albertsons stores

    SAN BERNARDINO, Calif. — Stater Bros. has entered an agreement to purchase two stores from Albertsons in Lake Elsinore and Hesperia.

    Stater Bros. said it expects to take possession of the locations from Albertsons, a Supervalu subsidiary, in mid-May. The California-based supermarket chain also said that the stores would receive several upgrades, including wider aisles, expanded and new full-service departments and energy-efficient refrigeration, skylights and recycling centers.

  • Target's new virtual reality

    REDMOND, Wash. -- Target has enlisted the services of Microsoft to help run business-critical workloads for all its retail stores on 15,000 virtual machines using Microsoft virtualization and management technologies, giving its IT department greater agility and economies of scale, Microsoft announced. According to Microsoft, Target is using Windows Server 2008 R2 Hyper-V and Microsoft System Center to virtualize inventory, point-of-sale, supply-chain management, asset protection, in-store digital media and more.

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