News

Walmart’s SVP of Home Michelle Gloeckler may not have been among those on stage at the retailer’s domestic sourcing summit, but she is the one leading the execution of massive initiative.

Redwood City, Calif. -- Sur La Table is deploying eCommera’s DynamicAction SaaS solution, which provides timely analysis of marketing, merchandising and inventory data, giving Sur La Table actionable insights and recommended business changes to improve omni-channel performance.
 

Walmart displayed a powerful commitment to revitalizing U.S. manufacturing this week when the company convened its first ever domestic sourcing summit.

Not only was the event a first for Walmart, it was also unlike anything the retail industry has ever seen. Roughly 1,500 supplier company representatives, government and economic development officials, Walmart’s top executives and dozens of senior merchants participated in the three hour summit held at the Orange County Convention Center in Orlando.

New York -- Ann Inc. reported that its second quarter net income rose a better-than-expected 16% to $35.6 million, with strong performances from both its Ann Taylor and Loft banners. Similar to many other retailers in recent weeks, the chain trimmed its full-year revenue forecast.

Revenue for the period ended Aug. 3 increased 7% to $638.2 million.
 
Same-store sales rose 2.8%, with a 3.1% rise at Ann Taylor and a 2.5% lift at Loft.

Sweet! Hollywood, at the Hollywood & Highland Center, in Hollywood, Calif., is sure to appeal to anyone in need of a sugar rush. The candy megastore features more than 200 types of gummy candies, 140 flavors of chewing gum, 250 types of lollipops, 300 different chocolate bars and more.

SANTA MONICA, Calif. — Social Reality, a developer of platforms for social and digital advertising, has elected Malcolm CasSelle to the company's board of directors.

Pleasanton, Calif. -- Ross Stores Inc. reported a profit of $213 million for the second quarter, compared with $182 million last year and beating Wall Street’s expectations.

Revenue rose 9% to $2.5 billion, matching forecasts. Same-store sales edged up 4%, compared to a 7% rise in the same period last year. However, the retailer expressed caution about the months ahead.

Russell Athletic brand deployed its brand ambassador and Washington wide receiver Pierre Garcon to three Washington, D.C.-area high schools. Garcon delivered Russell Athletic uniforms to the school's respective football teams.

The teams selected were from Thomas Jefferson (Alexandra, Va.), Theodore Roosevelt (Washington, D.C.) and Springbrook (Silver Spring, Md.).