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  • Costco same-store July sales rise but miss estimates

    ISSAQUAH, Wash. — Costco Wholesale Corporation reported net sales of $7.87 billion for the month of July, the four weeks ended August 4, an increase of 7% from $7.36 billion during the similar period last year.

    For the 48 weeks ended August 4, the company reported net sales of $94.91 billion, an increase of 8% from $87.7 billion during the similar period last year.

  • Stop & Shop to exit New Hampshire

    Quincy, Mass. -- Grocer Stop & Shop said it will close its six Stop & Shop banners and three gas stations in New Hampshire by Sept. 21, marking the chain’s exit from the state.

  • Crate and Barrel implements Kewill shipping solutions

    Northbrook, Ill. – Crate and Barrel is implementing the Flagship parcel shipping and Netship expense management solutions from Kewill, Inc. Using the new Kewill software, Crate and Barrel hopes to consistently manage domestic and international shipments from multiple shipping locations across North America, integrating with a roster of carriers to ensure the best available rate and service is selected.

  • Report: Wal-Mart may bid on Hong Kong grocery chain

    Bentonville, Ark. – Wal-Mart is considering entering the bidding for Hong Kong-based grocery chain ParknShop, Reuters reports. Wal-Mart is currently exploring options to enter the initial bidding process for ParknShop, which closes Aug. 16.

    ParknShop is owned by Hutchison Whampoa Ltd., which in turn is owned by Li Ka-shing, reputedly the wealthiest man in Asia. The chain may be valued as high as $4 billion.

    Wal-Mart, which has not commented publicly, said last year it would open 100 new stores in China by 2015.

     

  • Five Below seeks president following COO departure

    Specialty retailer Five Below is searching for a seasoned retail executive to fill the role of president to execute an aggressive growth strategy following the departure of chief operating officer David Johnston.

  • Deal report has Walmart linked to Hong Kong

    Walmart may make a bid for 345 store Hong Kong supermarket chain known as ParknShop that is owned by Hutchison Whampoa, according to a Reuters report that cited people familiar with the matter.

    Walmart is often linked to international retailers as a potential acquirer and according to the Reuters report it is among eight potential suitors for ParknShop who have until August 16 to submit preliminary offers.

  • No surprises for Maidenform Brands’ Q2 results

    ISELIN, N.J. — Maidenform Brands’ reported total net sales of $145.4 million for the second quarter ended June 29, a 7.7% decrease from $157.5 million for the same quarter last year, were in line with the company’s expectations. 

  • Sears Holdings to improve omni-channel distribution operations

    Hoffman Estates, Ill. -- Sears Holdings has selected HighJump Software, a global provider of supply chain management software, to help the company manage its distribution network.

  • Sears Holdings to improve omnichannel distribution operations

    Sears Holdings has selected HighJump Software, a global provider of supply chain management software, to help the company manage its distribution network. 

    The retailer will implement the HighJump Supply Chain Advantage warehouse management system as well as HighJump solutions for yard and labor management across its North American distribution network, which includes 41 distribution centers that cover more than 40 million sq. ft., 106 market delivery operation sites for cross docking appliances and integrated retail fulfillment from select stores for online purchases.

  • Krispy Kreme kicks off Atlanta metro area expansion

    Winston-Salem, N.C. — A new Krispy Kreme Doughnut Factory will open in Roswell, Ga., in early September, marking the start of an expansion effort across the metro area. The new shop will replace the existing Roswell shop and introduce the company’s updated design to the area.

    Construction plans are currently underway for approved sites in Doraville, Smyrna and Stockbridge. Krispy Kreme is also working to secure sites in Decatur and Duluth.

     

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