News

REDWOOD SHORES, Calif. — Kohl's has engaged Oracle's services to integrate core retail operations across the company's 1,146 stores in 49 states.

Oracle solutions will help Kohl's by providing an integrated, scalable retail suite of applications to streamline merchandising and planning while enabling its multi-channel growth strategy.

CONSHOHOCKEN, Pa.  — Ikea reported that sales for its fiscal year 2012 grew by 9.5% and profits were up 8% to $4.2 billion, thanks to its model of offering low-cost, functional furniture. Comparable-store sales were up 8% at its U.S. stores.

By Akhilesh Srivastava, [email protected]

New York -- Shares of Safeway Inc. shares rose as much as 9% on Wednesday on rumors of increased buyout interest for its Canada operations by Canadian grocer Metro Inc. and Loblaw Companies Ltd.

On Tuesday, Metro announced it was selling off nearly half its stake in Couche-Tard Inc. for $482 million.

In December, Loblaw announced plans to spin off the vast majority of its property assets into a real estate investment trust.

The National Association of Home Builders sees the residential construction industry gaining momentum in a larger economy that includes a few wild cards.

At the International Builders’ Show here in Las Vegas, the Washington, D.C.-based trade association updated its 2013 housing starts forecast to 949,000 starts in 2013, up 21.5% from the prior year. At the end of January, the group had forecast 932,000.   

Redwood Shores, Calif. -- Kohl’s Department Stores has selected Oracle Retail Merchandising, Planning and Supply Chain solutions to seamlessly integrate core retail operations across the company’s 1,146 stores nationwide. The solutions will provide Kohl’s with an integrated, scalable retail suite of applications to streamline merchandising and planning while enabling its multi-channel growth strategy.

Retail marketing agency, TPN, part of the Diversified Agency Services division of Omnicom, named Scott Shamberg SVP of growth and emerging commerce.

TPN said the addition of Shamberg would help the firm stay ahead of the curve as the retail and commerce landscape continues to evolve.