Distribution

Target is relying on two new services providers to operate its mobile business following an end to its short-lived relationship with RadioShack.

New York -- Target is relying on two new services providers to operate its mobile business following an end to its short-lived relationship with RadioShack.

New York -- TAGSYS RFID said Monday it is rolling out a global deployment of its FiTS (Fashion-item Tracking System) integrated RFID system with fashion brand, Façonnable.

Washington -- Import cargo volume at the nation’s major retail container ports is expected to increase 2.3% in January over the same month last year as retailers continue to urge labor and management to avoid a strike at East Coast and Gulf Coast docks, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. A strike would close 14 ports from Maine to Texas where nearly 15,000 dockworkers handle 40% of the nation’s ocean cargo.


PITTSBURGH, Pa. — Supply chain and reverse logistics provider Genco has appointed Herb Shear as executive chairman and Todd R. Peters as CEO.

Genco is a leading third-party logistics provider for manufacturers, retailers and U.S. government. It operates 130 value-added warehouse locations totaling 38 million sq. ft. and manages $1.5 billion in freight annually throughout North America.

New Hyde Park, N.Y. — In the much-watched deal between Supervalu and a consortium of investors led by Cerberus Capital Management, Kimco Realty Group – along with several other real estate companies — has emerged as a player.

MINNEAPOLIS — In a move that will reunite all Albertsons stores under one operator, Supervalu on Thursday morning announced a definitive agreement under which it will sell 877 stores across the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market banners and related Osco and Sav-on in-store pharmacies to AB Acquisition, an affiliate of Cerberus Capital Management, in a transaction valued at $3.3 billion.

Minneapolis -- Supervalu Inc. announced Thursday that it has reached a deal to sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmacies to a private equity group in a transaction valued at $3.3 billion.

AB Acquisition, a consortium of investors led by Cerberus Capital Management, will get 877 stores across the various banners in the deal. The investor group also includes Kimco Realty Corp., Klaff Realty LP, Lubert-Adler Partners and Schottenstein Real Estate Group.