News

BJ’s keeps up the store with Toshiba TCxCare maintenance service
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.
Millennial moms drawn by beacons
Los Angeles – It may be hard to believe, but many members of the ballyhooed millennial generation (defined by the U.S. Census as born between 1982 and 2000) are now moms. To reach millennial moms, new data released by beacon proximity platform inMarket suggests retailers should use beacon and proximity-based engagement platforms.

Tango is new dance craze for supply chain execs

In pursuit of the holy grail of maximizing supply chain efficiency, solutions provider Orchestro is taking on the $252 billion challenge with the latest version of its Tango product platform.

Orchestro is a leading demand analytics and data management company and Tango is the name of the collection of software solutions consumer packaged goods companies use to solve some of their biggest supply chain challenges. Technically speaking, Tango is what supply chain executives and IT types call a SaaS-based demand signal management platform.
Small supermarkets manage big workforce issues in the cloud

Paragould, Ark. – Even smaller retailer still have to handle big issues relating to effectively managing workforce management processes. That’s why small-to-mid-sized supermarket chains such as Paragould, Arkansas-based Hays Supermarkets and Brockton, Massachusetts-based Vicente’s Tropical Grocery are relying on the cloud-based Kronos Workforce Ready Suite.
Office Depot gears up for autumn

Office Depot is gearing up for a successful back to school season with a new lineup of essentials for students of all ages.
Is The Container Store back on track? Posts smaller than expected loss

New York -- The Container Store may have exceeded the expectations it set for itself in the first quarter, but its results were decidedly mixed.

The company lost $5.2 million, or 11 cents a share in the first quarter, compared to a loss of $3.6 million, or seven cents a share, the prior year. The retailer had forecast a loss between 12 cents and 14 cents and analysts pegged the number at 13 cents.

Total sales declined 2.1% to $169.8 million in part because of a $5.2 million foreign exchange headwind.
Mommy, I want a Bearded Dragon

A unique traffic generating and sales diversification promotion that doesn’t involved dogs and cats will take place at Petco stores nationwide on July 18.

The operator of more than 1,400 locations plans to host a two hour Reptile Rally on Saturday July 18 where the objective is to expose customers to the world of reptiles, create interest in ownership and the wide range of products that are available.
Lowe’s promotes treasurer

Mooresville, N.C. – Lowe's Companies Inc. has promoted Tiffany L. Mason to senior VP of corporate finance and treasurer. Mason will continue to report to CFO Robert F. Hull Jr.

In her expanded role, Mason is taking on responsibility for financial planning and analysis, while she retains responsibility for the investor relations and treasury functions. Mason has nearly 20 years of experience in accounting and corporate finance across various industries, including technology, manufacturing, banking and retail.
Rite Aid creates risk management office

Rite Aid has named a 30-year company veteran to the newly created post of group VP of risk and controls.
Sears hits its big with REIT offering

Hoffman Estates, Ill. – Sears Holding Corp. has met financial expectations for its new real estate investment trust (REIT) called Seritage Growth Properties. A 53.3 million-share Securities and Exchange Commission (SEC) subscription rights offering for Seritage that closed on July 2 was oversubscribed and generated about $1.6 billion, meeting expectations for gross proceeds of $1.57 billion.