News

Kenosha, Wis. – Some things are traditionally assumed not to mix – oil and water, cats and dogs, finance and IT. While the CFO has been taking a more active role in high-level IT decision-making in recent years, vertical apparel retailer Jockey International Inc. mixes money with technology more than most of its competitors.

The Wall Street Journal reports that privately held Jockey recently hired Dain Bussewitz, former VP of finance at Abercrombie & Fitch, to assume the combined role of CIO and CFO.

Although summer vacations have just begun for many schoolchildren, parents already have back-to-school shopping on their minds.

Framingham, Mass. – There are a lot of things parents look for when doing back-to-school shopping, but as Randy Newman once sang, it’s money that matters.

A new online survey of parents of children ages 8-18, commissioned by Staples and conducted by Harris Poll, finds that price is the top consideration for 86% of these parents when buying school supplies.   

Highlights of Staples 2015’ Back-to-School Parents Survey include:

If ever a retailer’s product assortment cried out for an omnichannel approach it would be the fast-growing Batteries Plus Bulbs chain where customers are drawn by an offering of 50,000 unique items.

The chain of 650 stores, with 50 more units in the works this year, recently introduced a new Web site with the goal of tightly integrating its digital and expanding physical presence.

Westborough, Mass. – Keeping up the store is never an easy prospect, especially when you operate hundreds of stores with POS applications and peripherals from multiple vendors. To ensure store upkeep, at least from a hardware perspective, BJ’s Wholesale Club Inc. has selected Toshiba TCxCare to manage and be the single point of contact for “wall to wall” maintenance services at its 200 stores.

The Sports Authority attracted more than 2,000 attendees to its free annual football clinic in Denver and helped educate parents and kids on player safety.

The event at Sports Authority Field at Mile High included on-field football training and a vendor expo. The football clinic, which had more than 670 participants between the ages of 6 and 14, allowed players to navigate through drill stations dedicated to specific skills such as passing, catching, running, defense, agility training, Heads Up Tackling and more.

Charlotte, N.C. – Family-owned Belk Inc., which hired Goldman Sachs in April to explore “strategic alternatives,” may have landed on a high-end shopping list. According to Reuters, New York-based equity firm Sycamore Partners may be considering bidding $3 billion to $3.5 billion for Belk.

Belk operates about 300 stores and averages about $4 billion in annual sales. In the first quarter of fiscal 2015, Belk reported earnings of $21.8 million and sales of $958 million, both of which were year-over-year improvements.

Amazon.com’s latest gambit to encourage shoppers to buy a $99 Prime membership and goose second quarter sales involves the creation of quasi-holiday called “Prime Day.”