News

WALTHAM, Mass. — Profitect, a provider of retail software, has appointed Mike Mitchell as its new director of global professional services.

Mitchell will lead the company’s project management and business consulting efforts. Prior to joining Profitect, Mitchell served as VP of customer service for Agilence, Inc., overseeing all product implementation, support and professional auditing services.

Whole Foods and fighting poverty are not words normally associated with one another, but a unique initiative underway with a breakfast supplier has the potential to do exactly that.

COMMERCE, Calif. — 99 Cents Only Stores has revamped its website to better showcase a range of new capabilities, including bulk purchases and in-store pickup of online orders.

Greek yogurt is all the rage in the dairy aisle and General Mill’s Yoplait brand of the popular product and other new items made meaningful contribution to the company’s second quarter sales.

ALEXANDRIA, Va. — The National Association of Chain Drug Stores’ EVP and CFO Jim Huber is retiring after 25 years of service.

He will be succeeded by David Fitzsimmons, who has been promoted to SVP of finance and administration, effective December 21. Fitzsimmons currently serves as VP of finance and accounting.

Warburg Pincus has acquired a majority ownership stake in Crossmark, a leading provider of sales and marketing services to retailers and suppliers.

The companies said they entered into a definitive merger agreement whereby Warburg Pincus will make a majority investment of an undisclosed amount in Crossmark that allows for the management owners of the company to maintain a significant equity position and continue to actively lead the company after the transaction closes.

NORTH BERGEN, N.J. — The Vitamin Shoppe will buy a Pacific Northwest-based supplement chain, the New Jersey-based company said.

The Vitamin Shoppe said it would buy Super Supplements for $50 million. Super Supplements operates 31 stores in Washington, Oregon and Idaho, and the Vitamin Shoppe said the acquisition would expand its presence in the Northwest, where it already operates 17 stores. The transaction is expected to close on Dec. 31.

New York -- A report released by ShopperTrak on Wednesday revealed a downwardly revised holiday forecast indicating a 2.5% year-over-year sales increase.

According to ShopperTrak, although week-over-week numbers improved, year-over-year statistics are stumbling. For the weekend ended Dec. 15, retail foot traffic rose 15.1% week-over-week, and sales increased 16.4% week-over-week.

But, in year-over-year comparisons, foot traffic declined 4.4% and sales declined 4.3%.

Arlington, Va. -- In a letter sent Wednesday, Retail Industry Leaders Association president Sandy Kennedy asked President Obama to take action to prevent a work stoppage at the East and Gulf Coast ports.

Negotiations on Dec. 18 did not produce a resolution between the International Longshoremen’s Association and the U.S. Maritime Alliance, foreshadowing a shutdown of the Eastern and Gulf ports by the end of the year.

New York – The Chase Holiday Pulse, released on Wednesday, shows that “Green Week” – from Dec. 10 to Dec. 16 – was the busiest seven-day period of the holiday shopping season in terms of transaction volume this year.  

Online merchants saw high shopping volume – year-over-year sales and transaction for the same period were up 10.7% and 16.6% respectively – throughout the week as consumers acted to utilize free delivery offers before the holidays.