OPERATIONS / SUPPLY CHAIN

New York -- Ritz Camera & Image LLC plans to go out of business after 94 years and close its remaining 137 stores after it failed in a bankruptcy auction to find a buyer to keep the camera chain afloat, the Chicago Tribune reported.

U.S. bankruptcy judge Kevin Gross in Wilmington, Del., approved a plan to turn over most of Ritz's assets to Gordon Brothers Retail Partners LLC and Hilco Merchant Resources LLC.

New York -- Toys “R” Us’ holiday 2012 plans include a “hot toy” reservation program, free and expanded layaway services and offering more exclusive toys from branded manufacturers along with more proprietary products. The nation’s largest specialty toy retailer also will open 150 to 200 temporary locations for the holidays under the Toys “R” Us Express banner.

Hampstead, Md. -- JoS. A. Bank Clothiers said Wednesday it has launched Josbankformal.com, a new tuxedo rental website.

The site will allow couples to register their weddings and access an event dashboard to monitor order status and communicate with a wedding party through emails or text messaging.  

Event information will flow seamlessly to stores, where associates can access existing events or create new ones, and confirm orders.

New York -- The Jones Group Inc. said Wednesday it has appointed Kathy Nedorostek to the newly created position of group president, global footwear and accessories, effective mid-October.  

In her new position, Nedorostek will oversee footwear, handbags and jewelry for Jones Group.

Nedorostek arrives at Jones Group from Coach, where she was president of North America Wholesale and Global Licensing.

New York -- A report released Tuesday by e-commerce marketplace technology provider Merchantry found that marketplace customer experience compares unfavorably to that of e-commerce sites, particularly in regard to comprehensiveness of product information and logistics transparency.

The State of Online Marketplaces report, conducted by Merchantry in concert with the e-tailing group, found that online marketplaces need a lot of improvement before their full potential is realized.

New York -- There is a new opportunity for retailers to market beyond the technology savvy and often male consumer pool to a larger group of less technology informed with customer service programs that provide basic device educational training around devices and product bundling to ease the buying experience,  according to a survey by Cisco Internet Business Solutions Group (IBSG).

New York -- Michael Francis, who was ousted as president of J.C. Penney Co. in June, is going to Gap Inc., according to Ad Age.

Francis will serve as a marketing creative advisor for Gap, and join the chain in the advisory role on Sept. 16, the report said.

Philadelphia -- Three-fourths (75%) of retailers forecast an increase in holiday sales this year, according to a survey by Hay Group, a global management consultancy.

The annual Seasonal Staffing Survey report also finds that retailers have more confidence in holiday hiring plans. While 57% of retailers plan to hire seasonal workers at the same level as 2011, 36% say they will be hiring more. This stands in contrast to 2011 when just 10% planned to hire more seasonal workers than the year prior.