News

ISSAQUAH, Washington — Wedding season is here, and future brides who want to score a high-fashion gown, without spending their entire wedding budget, may soon be flocking to Costco. Beginning this month and continuing through August, select Costco stores throughout the country will hold special four-day trunk shows featuring the wedding gowns of designer Kirstie Kelly.

Dallas -- Weiss Markets has selected Retalix's Demand-Driven Replenishment solution to optimize its overall in-stock position and reduce excess inventory and out-of-stocks in its stores.

“We wanted a system that could provide demand-based forecasting and replenishment and assist us in optimizing our inventory. Retalix's Demand-Driven Replenishment solution was the ideal fit," said Bob Mawyer, VP of information technology at Weis Markets, Sunbury, Pa., which operates 164 stores.

SECAUCUS, N.J. — The Children's Place Retail Stores search for someone to oversee its finance and operations appears to have come to an end as the company has announced the appointment of Eric Bauer as COO. He will report to Jane Elfers, president and CEO, and will be responsible for supply chain, planning and allocation, store operations, finance, information technology and real estate.

SAN FRANCISCO and DULUTH, Minn. — DemandTec, an optimization network for retailers and consumer products companies, announced that it has partnered with the Labovitz School of Business & Economics at the University of Minnesota Duluth to support the university's new program training students with skills for careers in the retail and consumer products industries.

St. Louis -- Build-A-Bear Workshop lost $2.3 million in the first quarter, compared with a profit of $1.7 million in the prior-year period.

The retailer reported revenue of $96 million for the 13 weeks ended April 2, down 5% from $101.4 million a year earlier. Same-store sales were down 9%.

The company said the quarter’s results were adversely impacted by the shift of the Easter holiday and associated school vacations, which moved into the second quarter this year.

AUSTIN, Texas — Whole Foods Market announced that all fresh beef, pork and chicken sold in its U.S. stores is now certified under the 5-Step Animal Welfare Rating system.

New York City -- TIAA-CREF, a national financial services organization and a provider of retirement services for educators, and CBL & Associates Properties have formed a $1.09 billion real estate joint venture to invest in market-dominant shopping malls.

TIAA-CREF will invest in four of CBL’s shopping malls: Oakland Park Mall, Kansas City, Ks.; West County Center, St. Louis; CoolSprings Galleria, Nashville; and Pearland Town Center, Pearland, Texas.

By Lynn Burkhart Jr., [email protected]