OPERATIONS / SUPPLY CHAIN

PriceSmart misses on Q4 income, beats Street on revenues
San Diego –- PriceSmart Inc. reported net income of $21.9 million in the fourth quarter of fiscal 2014, up 5% from $20.8 million in the same quarter the prior fiscal year. However, this was still beneath Wall Street expectations. However, PriceSmart beat Wall Street projections with total revenue of $622.6 million, a 5% hike from $585.4 million. The addition of two new warehouse stores, bringing the total to 33, helped boost revenues.
RadioShack offers Fix It Here at 31 Boston stores
Fort Worth, Texas -- RadioShack's Fix It Here same-day mobile repair service is now available in 31 stores in the Boston area. Fix It Here is available in more than 550 RadioShack stores in key markets across the nation, and RadioShack plans to rollout Fix It Here to 750 locations by the end of the year.

Macy’s and Bloomingdale's stores to open in Abu Dhabi in 2018

Cincinnati -- Macy’s and Bloomingdale’s stores plan to open in Abu Dhabi, United Arab Emirates (UAE) in 2018 as part of a strategic partnership with Al Tayer Group LLC, a UAE-based company with diversified businesses. This will be Macy’s first international store location and the second for Bloomingdale’s.
Lowe’s to pilot robots at Orchard Supply stores during holiday season

Mooresville, N.C. -- Lowe's Innovation Labs will introduce two autonomous retail service robots in an Orchard Supply Hardware store in midtown San Jose, Calif. during the upcoming holiday season to study how robotics technology can benefit customers and employees. Called OSHbot, the robots will assist customers to navigate stores by directing them to specific products and providing real-time information about product promotions and inventory.
Report: Luxottica owner says return as CEO temporary

Milan, Italy –- Leonardo Del Vecchio, 79, the chairman and founder of global eyewear manufacturer/retailer Luxottica Group who assumed the role of interim CEO on Oct. 14, has reportedly sent a letter to employees reassuring them his return as CEO is temporary. According to Reuters, in the letter, Del Vecchio said he would step down and turn management over to new co-CEOs once the company’s new governance structure is consolidated.
Report: Congestion at Los Angeles ports causing shipping crisis

New York -- Congestion at the ports of Los Angeles and Long Beach (California) are causing logistical headaches for retailers that could turn into serious problems as they head into the holiday shopping season, according to the Los Angeles Times.
Lowe’s to enter Manhattan with smaller-store format

Mooresville, N.C. -- Lowe's announced that it will enter its first two stores in Manhattan. The home improvement giant has two locations slated to open in the second half of 2015, one at 2008 Broadway at West 68th Street, and a second at 635 6th Avenue at West 19th Street.
Shop.org: Retailers set earlier holiday shipping deadlines

Washington, D.C. –- Nearly eight in 10 (79%) retailers surveyed will set their standard shipping deadlines for guaranteed Christmas delivery to expire at least a week before the holiday, compared to 74% who said in the 2013 holiday season. In addition, according to Shop.org’s EHoliday survey conducted by Prosper Insights & Analytics, approximately one in five (21%) will set those deadlines to expire Dec. 19 or later, compared to more than one-quarter who said so last year (25%).
The Kroger Co. cited for hiring people with disabilities

Cincinnati -- The Kroger Co. was named Employer of the Year by the Ohio Governor's Council on People with Disabilities for significantly contributing to employment opportunities for individuals with disabilities. Kroger was nominated for this recognition by the Warren County Board of Developmental Disabilities. The company received the award at a ceremony at the Ohio Statehouse on Oct. 16.
Wal-Mart names veteran exec as India COO

New Delhi, India –- Wal-Mart Stores Inc. has named Murali Lanka as COO of its Indian operation effective Dec. 1. Lanka has held various positions with Wal-Mart and Sam’s Club since 1989 and served as head of operations of Wal-Mart India from 2008-2013, and most recently held the position of regional general manager for Wal-Mart in Texas.