News

NEW YORK — Samsung Electronics has partnered with New York-based designer to create the industry's first co-created print inspired by crowd-sourced sketches and images using the Galaxy Note II. The print will appear on a limited-edition bag that will be sold in key markets around the world to raise funds for Art Start, an award-winning, nationally-recognized charity that uses the arts to nurture the creative talents of at-risk children and youth. 

Johannesburg -- IBM announced that McDonald's South Africa is using IBM social business software to embrace the convergence of social, mobile and cloud facilitating its expansion to new markets and enabling its employees to collaborate more effectively.

Washington -- Consumers aren’t quite ready to shell out the big bucks for their loved ones this Valentine’s Day as much as they were last year. The 2013 Valentine's Day Consumer Intentions and Actions Survey conducted for the National Retail Federation by BIGinsight shows only a slight increase in expected sales this year with the average person planning to spend $130.97 on candy, cards, gifts and more, up from $126.03 last year. Total spending will reach $18.6 billion.

Charlotte, N.C. -- National IT infrastructure and cloud solutions provider Peak 10 Inc. has been selected to host the data center of Tractor Supply Co., the largest retail farm and ranch store chain in the United States.  

Mooresville, N.C. -- Lowe’s Cos. has named Stephen Szilagyi to the post of supply chain executive, reporting to Rick Damron, COO.

In his new role, Szilagyi will oversee Lowe’s logistics and distribution network that expedites the replenishment of merchandise and supplies to all Lowe’s stores.

Szilagyi has more than 25 years of supply chain experience, including leadership roles prior to Lowe’s in wholesale distribution and retail/consumer products supply chain consulting services.

Brentwood, Tenn. — Tractor Supply Co. reported that net income for the quarter was $79.5 million, compared with net income of $70.5 million in the fourth quarter of the prior year.

Net sales for the fourth quarter increased to $1.29 billion, or 3.7% over the prior year's 14-week period.

Same-store sales increased 4.7%, compared with a strong 7.6% increase in the prior-year period.

The company opened 25 new stores in fourth quarter 2012, compared with 31 new store openings in the prior year's fourth quarter.

New York -- Supply chain solution-provider DeSL said Thursday that Men’s Warehouse is embarking on a phase 2 project that expands its PLM application usage to implement the DeSL full supply chain solution.

"Now that we have implemented DeSL's PLM solution we have full control of our product development, are sharing on-line tech packs with our vendors along with time and action calendars and collaborative costing, the natural extension was to go to full supply chain management,” said Will Silveria , executive EVP , Men's Wearhouse.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that same-store sales for the month of January edged up 0.3%, boosted by a 4.2% rise in front-end sales for the month along with increased prescription counts.

Total sales for the four-week period decreased 0.5% to $1.914 billion.

New York -- A report released Thursday by PwC found that U.S. retail and consumer merger & acquisition activity in 2012 drove both deal volume and value up from the prior year as the number of larger deals over $1 billion almost doubled.

According to PwC’s U.S. retail and consumer M&A insights “2012 Year in Review and 2013 Outlook” report, private equity activity in the retail sector comprised nearly 40% of deal volume and 55% of deal value, and IPO volume increased 38%.

The art of sewing comes alive at The Hab, a one-stop shopping destination in Mumbai, India, for all things sewing. The colorful store offers a fresh and youthful take on one of retailing’s more staid, and slightly old-fashioned, categories, and more than lives up to its motto: “A hipper side of sewing.”