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Old Man Winter chills Toys’R’Us Q1 sales
WAYNE, N.J. — Lingering cold weather and soft sales in its electronics and entertainment categories caused Toys”R”Us’ net and comparable store sales for first quarter ended May 4 to dip.

The company reported net sales of $2.4 billion, a decrease of nearly 8% from $2.6 billion for the quarter a year ago. The decline in net sales for the quarter was primarily attributable to a decrease in comparable store net sales, as well as a foreign currency translation impact of $67 million.
Lowe’s sees California growth in Orchard deal
Plans to acquire at least 60 stores from bankrupt Orchard Supply Hardware give Lowe’s an increased presence in California and a new small format with expansion potential.

Lowe’s said early Monday that it had entered into an asset purchase agreement with Orchard, which had filed for Chapter 11 bankruptcy, to acquire the majority of Orchard’s assets for approximately $205 million in cash and assume payables owed to nearly all of Orchard’s supplier partners.

Domino’s launches Pinterest program

Ann Arbor, Mich. -- Domino’s is offering a new program called “Second Hand Logos” on Pinterest. Ten artists are using old materials featuring the old Domino’s logo, such as uniforms and signage, to create artwork which is displayed for sale on Domino’s Pinterest page. In addition to selling products, the Pinterest page will also provide updates on art projects and information on the artists. A separate dedicated e-commerce page will also bring visitors directly to the Domino’s Pinterest page.
GE Capital empowers contractors with new program

STAMFORD, Conn. — With the housing market rebounding and home improvement on the upswing, GE Capital Retail Bank is looking to help contractors with a new business-building program called “Think Outside the Toolbox.”
Orchard Supply files for bankruptcy; Lowe's buying assets

San Jose -- Orchard Supply Hardware Stores Corp. is filing for Chapter 11 bankruptcy. As part of the filing, Orchard Supply has reached an agreement for Lowe’s to purchase acquire the majority of its assets for $205 million in cash, plus the assumption of payables owed to nearly all of Orchard’s supplier partners. Under the terms of the agreement, Lowe’s, serving as “stalking horse bidder,” would acquire no less than 60 of Orchard’s stores, based on further due diligence on the store locations.
Home Depot gets late start to hurricane season

Home Depot has plans for a major hurricane preparedness initiative this year, but the program doesn’t begin until nearly two months after residents of storm prone areas should already have plans in place.
Bounty hits a home run with Cincinnati Reds

CINCINNATI — Bounty Select-A-Size has teamed up with the Cincinnati Reds as part of a promotional campaign. The company will have 40 Bounty Clean Crew members on hand at every Reds home game to help clean up messes around the park while touting the efficacy of its paper towels to baseball fans.
Rubbermaid positions itself for e-commerce growth

ATLANTA — Newell Rubbermaid has appointed Jeremy Liebowitz as the company’s VP of global e-commerce, a newly created position. The company will look to Liebowitz to lead the acceleration of its online revenue growth worldwide.
Advance Auto Parts looks within for new SVP operations

ROANOKE, Va. — Advance Auto Parts has promoted Jon Dehne to SVP of market availability, inventory management and merchandise operations.
Agile Retail Accounting in the Cloud

By Peter Witham, [email protected]

Old Man Winter chills Toys’R’Us Q1 sales

Lowe’s sees California growth in Orchard deal

Domino’s launches Pinterest program

GE Capital empowers contractors with new program

Orchard Supply files for bankruptcy; Lowe's buying assets

Home Depot gets late start to hurricane season

Bounty hits a home run with Cincinnati Reds

Rubbermaid positions itself for e-commerce growth

Advance Auto Parts looks within for new SVP operations

Agile Retail Accounting in the Cloud

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