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Supply Chain & Merchandising

  • Pantry reports profit drop in Q4, swings to loss for full-year

    Cary, N.C. -- C-store chain The Pantry reported Tuesday that net income for the quarter ended Sept. 30 dropped to $8.5 million, compared with $12.5 million in the year-ago period.

    Merchandise revenue for the fourth quarter increased 12% overall and 5.7% on a same-store basis from last year’s fourth quarter.

  • Court accepts A&P's DIP facility

    MONTVALE, N.J. — Bankrupt grocer A&P has announced that the U.S. Bankruptcy Court for the Southern District of New York has approved the $800 million debtor-in-possession financing provided by JPMorgan Chase. Of the total DIP facility, a $350 million term loan immediately has been made available.

    As previously reported, A&P filed for bankruptcy on Sunday and will keep its 395 stores open and operational during the proceedings.

    In addition, the court granted A&P's motion to approve its request for "first day orders," including:

  • Smart Fashion to make retail debut in Manhattan

    New York City -- Winick Realty Group announced that Smart Fashion, a national importer and exporter of women’s apparel, has leased its first retail location at 149B West 36th Street, between Broadway and 7th Avenue in Manhattan’s Garment District.

    Smart Fashion already operates a wholesale showroom nearby at 1407 Broadway.

    The 2,000-sq.-ft. store will focus on trendy junior sportswear.

  • Wal-Mart to close Moscow office

    Bentonville, Ark. - Wal-Mart Stores Inc. is closing its Moscow office but said it is still interested in the Russian market.

    The retailer said Monday that it has been looking to enter the Russian market through an acquisition, but has not found a near-term opportunity so it does not need the Moscow office at this time.

  • Report: Fast Retailing plans major U.S. push

    New York - Fast Retailing, Asia’s biggest clothing chain and the parent of Uniqlo, is lookjing to open at least 200 Uniqlo stores in the United States  by 2020 as it seeks to raise sales sixfold in a decade, according to a Bloomberg report. 

    "The United States is one of the most important markets for us,” Shin Odake, CEO of Uniqlo’s U.S. unit, said in an interview with Bloomberg Television. 

  • Spartan Stores introduces Michigan-made ice cream line

    GRAND RAPIDS, Mich. - Grand Rapids-based Spartan Stores has announced the introduction of its new Michigan-made Indulgent Creations premium ice cream. Four Indulgent Creations will be available year round through Spartan Stores D&W Fresh Market, Family Fare, Felpausch, Glen's Market, and VG's Stores, as well as through nearly 400 independent stores in Michigan and Northern Indiana selling Spartan Stores brand products.  The four core flavors include: Double Vanilla, Toasted Butter Pecan, Mint Chip, and Double Dark Chocolate.  

  • Macy’s to build new fulfillment center to support online growth

    Cincinnati - Macy’s announced it plans to build a major new fulfillment center near Martinsburg in Berkeley County, W.V., to support the continued growth of its online business. The site is located about 80 miles northwest of Washington, D.C. 

    Construction on the 1.3 million-square-foot facility is expected to begin in spring 2011, with operations beginning in April 2012 and order shipments beginning in summer 2012. 

  • Whole Foods to offer free shipping of holiday boxes to military overseas

    AUSTIN, Texas - Whole Foods Market announced that it is offering free overseas shipping of its holiday gift boxes to APO, FPO and DPO addresses.

    Available only at www.wholefoodsmarket.com/giftbox, Whole Foods Market offers five different gift boxes that range from $40 to $60 each. 

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