News

The Home Depot reportedly plans to invest $300 million on technology and supply chain upgrades during its fiscal year 2014, which begins in February 2014. According to the Wall Street Journal, the results will include three new fulfillment centers in California, Atlanta and Ohio by 2016, as well as same-day shipping for some online orders.

Amit Menipaz, general manager of structured data at eBay, and John Inwright, president and CEO of Quality Supply Chain Co-op, the co-op for Wendy’s, have been appointed to the GS1 U.S. board of governors.
 

The recession took a major toll on the retail real estate sector but, despite waffling consumer confidence, the sector continues to improve. Retail now accounts for 19% of total U.S. investment volume year-to-date 2013.

Retail experts from Jones Lang LaSalle predict four key forces that will drive an increase in the retail transaction market during 2014:

1. Strengthening Fundamentals  

Men’s Wearhouse reported declining net income during the third quarter of fiscal 2013 even as net sales improved.

Net income dropped about 22%, from $48.8 million in the third quarter of the prior fiscal year to $38.2 million.

Restoration Hardware co-CEO Carlos Alberini has resigned his post, effective Jan. 31, 2014. He plans to continue serving as a member of the company’s board of directors and will remain a significant shareholder.

Alberini is heading to Los Angeles, where he will take the helm as chairman of the board and CEO of Lucky Brand, effective upon closing of the pending acquisition by Leonard Green & Partners.

Sydney, Australia – Australian apparel retailer General Pants is rolling out interactive kiosks fusing music, fashion and social media to create a shopping experience to guide, inform and entertain consumers via Apple iPad device displays. The launch is the result of more than six months of development to create an omni-channel platform that merges the online and offline shopping experience.

Lululemon’s increases in net revenue, gross profit and comparable-store sales beat expectations, but shares slid after the company said it anticipates flat comparable-store sales in the fourth quarter.

According to reports, shares dropped 10.7% to $61 after the company posted its financial results for the third quarter ended Nov. 3, which saw net revenue increase 20% to $379.9 million from $316.5 million in last year’s third quarter. Comparable-store sales in the quarter increased 5%.

Atlanta – The Home Depot reportedly plans to invest $300 million on technology and supply chain upgrades during its fiscal year 2014, which begins in February 2014. According to the Wall Street Journal, the results will include three new fulfillment centers in California, Atlanta and Ohio by 2016, as well as same-day delivery for some online orders.