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  • Record imports expected as West Coast port talks continue

    Washington, D.C. -- The Global Port Tracker report released by the National Retail Federation and Hackett Associates said that import volume at major U.S. container ports is expected to hit an all-time record in August.
     
    Retailers concerned about the lack of a West Coast longshoremen’s contract are rushing to bring holiday season merchandise into the country, according to NRF.

  • Dean Foods says dairy environment “extreme”

    Unprecedented volatility and declining milk volumes caused leading dairy supplier Dean Foods to report a second quarter loss and suspend full year guidance.

    Sales increased to 9% to $2.4 billion, but the company reported an adjusted loss of $13 million, or 14 cents a share, compared to a prior year adjusted profit of $24 million, or 26 cents a share.

  • Record imports expected in August

    Import volume at major U.S. container ports is expected to hit an all-time record in August as retailers concerned about the lack of a West Coast longshoremen’s contract rush to bring holiday season merchandise into the country, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

  • Academy Sports plans new distribution center to support expansion

    Katy, Texas – Academy Ltd., parent company of the Academy Sports + Outdoors chain, will open a 1.6.-million-plus-sq.-ft. distribution center on a 200-plus-acre site in Cookeville, Tennessee to support its continued expansion. The retailer will begin construction on the facility later in August 2014 with plans to become operational in early 2016.

  • Academy readies supply chain for northern assault

    A massive new Academy Sports and Outdoors distribution center in Tennessee is expected to fuel the retailer’s growth for years to come when the 1.6 million-sq.-ft. facility opens in 2016.

  • Amazon expands same-day delivery

    Seattle - Amazon.com has expanded same-day delivery in Baltimore, Dallas, Indianapolis, New York City, Philadelphia, and Washington, D.C., metro areas, with more than a million eligible items now available for same-day delivery. These six cities join the existing same-day delivery-eligible cities of Los Angeles, Phoenix, San Francisco and Seattle.

  • Report: Delhaize considers Market Basket bid

    Tewksbury, Mass. – Delhaize Group, parent company of Maine-based supermarket chain Hannaford Bros. Co., is reportedly making a bid for part or all of the embattled Market Basket grocery chain. Market Basket operates 71 stores in Massachusetts, New Hampshire, and Maine, and has been embroiled in a dispute with employees over management since July.

  • Roundy’s swings to Q2 loss on closure costs

    Milwaukee – Costs related to the exit of its Rainbow business in the Twin Cities markets, as well as the upcoming closure of a distribution center, helped push Roundy’s Inc. to a net loss in the second quarter of fiscal 2014. Roundy’s reported a net loss of $13.5 million, compared to net income of $11.6 million.

    Net sales from continuing operations for second quarter 2014 were $971.9 million, an increase of 12% from $868.3 million for second quarter 2013. Same-store sales dropped 2.2%.

  • Zulily almost doubles Q2 earnings, sales

    Seattle – Online specialty retailer Zulily beat Wall Street expectations by almost doubling its net earnings and sales in the second quarter of fiscal 2014, compared to the second quarter of the previous fiscal year. Net income rose 95% to $7.8 million from $4 million, while net sales increased 97% to $285 million.

    Zulily attributed its overall strong performance to improved mobile sales, with mobile devices now accounting for 47% of North American sales, a growing customer base, and higher average order values.

  • CST Brands to acquire general partner of Lehigh Gas Partners

    San Antonio, Texas - CST Brands Inc. has entered into definitive agreements to purchase 100% of the membership interests of Lehigh Gas GP LLC, the general partner of Lehigh Gas Partners LP, from Lehigh Gas Corporation.The aggregate consideration will be $17 million in cash and approximately two million CST shares.

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