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  • Amazon posts record-setting 51% increase in Q2 sales, profits drop

    Seattle -- Amazon reported Tuesday that sales for the quarter ended June 30 soared 51% to $9.9 billion.

    Profits dipped 8% to $191 million from $207 million on surging operating costs, but still beat Wall Street expectations.

  • Office Depot soldiers on amid weak economy

    BOCA RATON, Fla. — Second-quarter results from Office Depot reveal ongoing challenges in an economy still struggling to regain its footing.

  • Educator acknowledged for excellence in supply chain and logistics

    In recognition of his significant contributions to the art and science of supply chain and logistics management, Dr. James R. Stock will receive Council of Supply Chain Management Professionals’ (CSCMP) 2011 Distinguished Service Award.

    Stock serves as the Frank Harvey Endowed Professor of Marketing at the University of South Florida and becomes the 46th person to receive the annual award since it was created in 1965. He will be honored during the opening general session on Monday, Oct. 3, at CSCMP’s Annual Global Conference in Philadelphia.

  • NPD names home improvement director

    PORT WASHINGTON, N.Y. — The NPD Group Inc. has named Kevin Gilbert as director of home improvement, reporting to Perry James, the president of home and office supplies. 

    Prior to joining NPD, Gilbert was VP client solutions at SymphonyIRI, where he managed the Diageo and Kraft accounts. In addition to his role at SymphonyIRI, Gilbert spent many years in the packaged goods industry in category management, sales development, and trade planning roles, working with such companies as Kellogg, Bayer, and Pinnacle Foods.

  • Supervalu focuses on ‘8 Plays to Win’ strategy

    MINNEAPOLIS — Supervalu on Tuesday reported first-quarter fiscal 2012 net sales of $11.1 billion (down 3.7%, versus last year) and net earnings of $74 million (up 10.4%), or 35 cents per diluted share. Posted net earnings beat the analyst consensus of 33 cents per diluted share.

  • Office Depot loss widens in second quarter

    Boca Raton, Fla. -- Office Depot reported Tuesday that it loss widened to $29 million in the second quarter, compared with a loss of $25 million in the year-ago period.

    Sales were essentially flat in the quarter, at $2.7 billion. By division, total sales dipped 2% in the North American retail division to $1.1 billion, and same-store sales decreased 1%. During the second quarter of 2011, the division closed 14 stores, opened four stores and relocated four stores, bringing the total count for North America retail to 1,131 stores.

  • Supervalu Q1 net income up 10%, results top estimates

    Minneapolis -- Supervalu reported Tuesday that earnings for the first quarter rose 10% to $74 million, compared with $67 million in the year-ago period. The grocer cited effective cost-cutting for the strong performance, which topped Wall Street expectations.

    The operator of Albertsons and Jewel-Osco supermarkets saw revenue fall 4% to $11.11 billion, just missing analysts’ expectations of $11.13 billion. Same-store sales dropped 3.9%.

  • Casual Male DXL implements AccessVia for in-store signage

    Seattle -- AccessVia announced Tuesday that Casual Male DXL is printing color shelf-edge product signs using AccessVia Web dSignShop.

    Signs are printed in the store on an as-needed basis, allowing the retailer to produce full-color sign designs immediately on-site.

  • Walmart, SymphonyIRI to introduce Customer Advantage platform

    CHICAGO — Just days after announcing a cooperation agreement with Nielsen, Walmart has entered a new relationship with SymphonyIRI Group, through which the two will develop a solution that supports the retailer's customer-centric initiatives.

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