Data & Analytics

New York -- Tiffany & Co.'s net income in the second quarter rose 2 % to $91.8 million, up from $90 million last year. But the performance missed Wall Street's expectations and the jewelry company cut its full-year guidance, citing the tough global economy and weakness in key markets such as New York and Asia.

Dallas -- Retalix Ltd. and Delhaize Group have signed a multi-year global strategic partnership agreement, under which Retalix will become the preferred supplier of in-store software for Delhaize Group’s 3,300 locations, including more than 20,000 point-of-sale terminals, across Eurasia and the United States.

Ann Arbor, Mich. -- Domino's Pizza announced that it joined the SmartWay Transport Partnership, a collaboration between the U.S. Environmental Protection Agency and industry that provides a framework to assess the environmental and energy efficiency of goods movement supply chains.

Domino's Pizza will contribute to the Partnership's savings of 1.5 billion gallons of fuel, $3.6 billion in fuel costs, 14.7 MMT of carbon dioxide, 215,000 tons of oxides of nitrogen and 8,000 tons of particulate matter.

By Jim Hogan, [email protected]

The retail industry is a bellwether for U.S financial health given that consumer spending is roughly 60%-70% of the economy. While the economy has sent mixed signals of late -- consumer confidence down, unemployment up -- consumer credit has swung up decidedly and leading companies in a wide swath of retail segments can point to positive year-over-year same store sales. This is prompting some retailers -- particularly discount stores--to begin opening new stores.

Electrolux has upped its investment in innovation as it looks to stay at the forefront of the household appliance industry.

The company, best known for its Electrolux, Eureka and Frigidaire brands, said it would spend $6.3 million on a state-of-the-art research and development center at an existing refrigerator facility in Anderson, S.C., where the company had already committed to spending $45 million on upgrades. The facility opened in 1988.

BALDWYN, Miss. — Hancock Fabrics reported that net sales for the second quarter increased 5% to $60.5 million from $57.8 million for second quarter of last year, and comparable-store sales improved by 5%.

Earnings per share increased by 3 cents, or $0.6 million with a net loss of $3.3 million, or 17 cents per basic share, in the second quarter of fiscal 2012 compared to a net loss of $3.9 million, or 20 cents per basic share in the second quarter of fiscal 2011.

MATTHEWS, N.C. — Family Dollar Stores has named Holly Shaskey-Platek to the position of SVP merchandising. She will lead the home, apparel and seasonal divisions and report to Paul White, EVP, chief merchandising officer.

MINNEAPOLIS — Nash Finch Company, a Minneapolis-based food distributor, has joined with Leevers Foods, a North Dakota based grocery operator,  to provide funding for resource rooms for the Devils Lake, ND School District and St. Joseph’s Elementary School. The resource rooms will be fully operational and available to students when school starts this year, and each room will be equipped with 10 iPads. The two companies are also establishing and an annual scholarship, The Leevers Family Scholarship Fund.

Many retailers have been slow to embrace technology in their broader operations, technology that has already changed the retail landscape forever – namely by empowering shoppers who are now more tech savvy than the retailers who are trying to catch up. What today’s retailers need to provide is what we at Manhattan Associates refer to as a “Zero Disappointment Experience.” In other words, ensuring that your brand delivers the same experience to shoppers regardless of their choice of engagement.

New York -- A switch to LED lighting technology in its refrigerated coolers has resulted in combined energy and maintenance savings of more than $1 million annually for convenience store operator Wawa.

The new technology, Immersion from GE Lighting Solutions, has been installed in Wawa’s 600 locations across the Mid-Atlantic region, and has reduced refrigerated cooler/freezer electricity and maintenance expense by a combined 78% since its adoption.