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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.

  • 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.

  • 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.

  • Costco sales get boost in July

    Costco saw a boost in net sales and same-store sales during the month of July.

    Net sales totaled $8.55 billion for the four weeks ended Aug. 3, an increase of 9% from $7.87 billion during the similar four-week period last year.

    Same-store sales increased 5%, while U.S. same-store sales also increased 5% during the period.

    For the 48 weeks ended Aug. 3 net sales were $101.43 billion, an increase of 7%. During the 48 weeks, same-store sales increased 4%. In the United States, same-store sales rose 5%.

  • 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.

  • 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.

  • Smucker tastes growth with ‘nutty’ acquisition

    The J.M. Smucker Company has gained entry to a new business segment with the acquisition of privately held Sahale Snacks.

    Smucker said it reached an agreement with Seattle-based Sahale to acquire the supplier of nut and fruit snacks to warehouse clubs, convenience stores and grocery retailers. Sahale’s annual sales of $50 million won’t have a material impact on Smucker, whose annual sales last year were $5.6 billion, but the deal does extend Smucker’s reach into new product categories.

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