News

Chicago -- Information Resources (IRI), the exclusive provider of Costco point-of-sale and inventory information to the manufacturer community, and Costco Wholesale announced several enhancements to their Costco Collaborative Retail Exchange (CRX) program, a single, global solution for category, POS and supply chain tracking at Costco, and the launch of Costco CRX Mexico.

New York -- Investment firm Starboard Value, Office Depot’s largest stockholder with a 14.8% stake, revealed Monday it has delivered a letter to the office supply retailer’s board of directors, expressing “strong disappointment at the board's failure to work constructively with Starboard to reconstitute the board.”

In March, Starboard nominated six candidates, including former Home Depot chief Robert Nardelli – to Office Depot’s board in an effort to strengthen the company’s direction.

Hong Kong -- The Asia arm of Wal-Mart Stores Inc. said Monday it has achieved energy savings of 20% across 210 supplier factories in China.

According to Walmart Asia president and CEO Scott Price, the factories have “cut their energy consumption by a minimum of 20% as of December 2012, saving approximately 2.168 billion kWh, a number equivalent to powering 1.46 million homes for an entire year."

Montreal -- Jesta I.S. said Monday that Body Central Corp. has selected Jesta I.S.’ Vision Suite to support its strategy of moving to a complete omni-channel environment.

Body Central will utilize the Vision Suite to power its enterprise with one unified solution, streamlining retail operation processes and providing Body Central with breakdowns on products and simplified strategies via refined business intelligence data.

By Nish Bhalla, [email protected]

It’s hard to think of a company, retail or otherwise, that isn’t developing a mobile app these days — but the vast majority of apps are riddled with security flaws that could jeopardize the end-user and expose the company to high costs and embarrassment.

Quincy, Mass. -- Ahold USA and its Stop & Shop banner have donated half a million dollars to a charitable organization set up to aid victims of the recent terrorist attacks in Boston.

The company announced the donation of $500,000 to The One Fund Boston, formed by Massachusetts Gov. Deval Patrick and Boston Mayor Thomas Menino.

"Words cannot express the tragedy that took place at the Boston Marathon," Stop & Shop New England Division president Joe Kelley said. "We mourn with all of those who were affected."

NEW YORK — Macy’s is turning to its customers for its next commercial, the retailer’s first national crowd-sourced spot created in celebration of America by Americans. 

HANOVER, Pa. — Synder’s of Hanover is using the 30th anniversary of National Pretzel Day to create a series of nationwide events to engage with consumers.

CAMP HILL, Pa. — Rite Aid has redesigned its website to provide customers with easier access to online pharmacy services and health and wellness information. 

PAWTUCKET, R.I. — Strength in the games category enabled Hasbro to increase first quarter revenues by 2% to $664 million compared to $649 million for the same period last year. 

First quarter revenues were negatively affected by $3 million due to the impact of foreign exchange and one less week in the reporting period. The first quarter 2013 was a 13-week period compared to the first quarter 2012, which was a 14-week period.