News

CINCINNATI, Ohio — Henkel Consumer Goods Inc., a provider of leading consumer brands such as Dial, Purex, Soft Scrub and Right Guard, plans to leverage Datalliance VMI’s platform for its expanding consumer goods Vendor Managed Inventory program.

New York -- J.C. Penney on Thursday said that reports claiming CIT Group Inc., the largest lender in the apparel industry, had stopped funding some shipments to Penney were untrue. The retailer said it has plenty of cash on hand and all major suppliers were still shipping.

“J.C. Penney continues to have the support of all of its key vendors, who have maintained their shipments to the company," the company said in a statement on Thursday.

NEW YORK, N.Y. — eBay Enterprise has partnered with OrderGroove so it can integrate its commerce technology with the subscription commerce solutions provider’s retail platform and offer subscription programs to its vast network of omnichannel retail clients. 

San Jose, Calif. -- Retailers are cautiously optimistic about the 2013 holiday season, with 60% forecasting revenue growth in excess of 10%, in line with industry forecasts, according to a survey by Baynote, a provider of personalized customer experience solutions.

CINCINNATI — Procter & Gamble plans to remain focused on keeping existing and potential customers and shareholders happy, following its net sales for fiscal 2013 which increased 1% to $84.2 billion, including a negative two-point impact from foreign exchange. 

Diluted net earnings per share from continuing operations were $3.86, up 24% compared with the prior year.

CARLISLE, Pa. — Ahold USA has appointed former Jewel-Osco executive Nick Bertram as its SVP store strategy and execution.

At Jewel-Osco, Bertram oversaw operations across Illinois, Indiana and Iowa. He was also SVP of Supervalu and worked in executive positions at Walmart in Kentucky, Indiana, Ohio and Pennsylvania. His new position at Ahold USA will be based out of the company's Carlisle, Pa., headquarters. 

Less than a year after Walmart International named Lev Khasis to the role of president and CEO of new formats, the former Russian retail executive is heading back to his homeland to lead a financial institution.

New York -- HH Gregg saw a significant improvement in its financial results for the three-month period ended June 30. Despite a net loss of $1.3 million, or $0.04 per diluted share, the specialty retailer narrowed the gap from a net loss of $5.7 million, or $0.16 per diluted share, for the comparable prior-year period.

The decrease in net loss for the three month period ended June 30, 2013 was due, in part, to a comparable-store sales increase of 0.8%, offset by a decrease in gross profit as a percentage of net sales.