Content about Management

January 23, 2015

Retailers factor in all kinds of variables when evaluating suppliers and a recent change at sauce and dressing manufacturer Litehouse gives sellers of food and consumables something new to think about.

Retailers factor in all kinds of variables when evaluating suppliers and a recent change at sauce and dressing manufacturer Litehouse gives sellers of food and consumables something new to think about.

The 50-year-old family owned Litehouse company based in Sandpoint, Idaho recently became 100% employee owned following the execution of an employee stock ownership plan. Litehouse first formed an ESOP plan in 2006 when it sold 30% of the company as a commitment to employees and their communities.

January 18, 2015

Retailers at NRF’s Big Show are hearing a lot about “machine learning.” But what is it and how does it help retailers grow sales? 

Retailers at NRF’s Big Show are hearing a lot about “machine learning.” But what is it and how does it help retailers grow sales?

Machine learning, in which supercomputers learn from mining masses of data on the cloud without human intervention, unlocks insights into consumer demand.

January 12, 2015

Sam’s Club is taking its efforts to help and recognize small businesses to a new level with a $700,000 grant to SCORE.

Sam’s Club is taking its efforts to help and recognize small businesses to a new level with a $700,000 grant to SCORE.

The American Small Business Championship through SCORE will award 102 small businesses, two in every state and the District of Columbia, for their sacrifice and dedication to the success of their business. The Small Business Champions will receive a $1,000 Sam's Club gift card, an all-expense-paid trip to a training event, SCORE mentoring for one year, and promotion throughout the year to showcase each Champion's story.

January 10, 2015

The retail landscape is changing more rapidly now than at any point in history. As technology and customer demands evolve, retailers and their supply chains must be increasingly flexible and adaptable. 

The retail landscape is changing more rapidly now than at any point in history. As technology and customer demands evolve, retailers and their supply chains must be increasingly flexible and adaptable.

Let’s take a look at the top 5 trends for the retail supply chain in 2015.

1. This year will be omnichannel’s time to shine.

January 8, 2015

Regional discounter Fred’s strong pharmacy sales weren’t enough to help the company avert a 1.4 percent same store sales decline for the month.

Regional discounter Fred’s strong pharmacy sales weren’t enough to help the company avert a 1.4 percent same store sales decline for the month.

December 11, 2014

Kroger announced that Nora A. Aufreiter has been elected to the company's board of directors. 

Kroger announced that Nora A. Aufreter has been elected to the company's board of directors.

December 5, 2014

Weakening demand for guns and ammunition contributed to a 6.2 percent decline in same store sales at outdoor retailer Sportsman’s Warehouse Holdings.

Weakening demand for guns and ammunition contributed to a 6.2 percent decline in same store sales at outdoor retailer Sportsman’s Warehouse Holdings.

The comp decline was offset by an increase in new stores which allowed the company to grow sales by 4.3 percent to $182.5 million and end the third quarter on Nov. 1 with 55 stores. Profits on an adjusted basis to exclude non-recurring expenses were $8.9 million, or 21 cents a share, compared to $7.1 million, or 17 cents a share.

December 1, 2014

Online sales are expected to reach $300 billion in 2014, $335 billion in 2015 and $512 billion by 2020. 

Online sales are expected to reach $300 billion in 2014, $335 billion in 2015 and $512 billion by 2020.

According to business forecasting experts at FTI Consulting Inc., online sales will continue to grow at a double-digit rate for the next several years.

November 24, 2014

E-commerce firm BrandShop announced that Reuben Hendell has been named chief executive officer of the company. Hendell will also serve on BrandShop's board of directors.  

E-commerce firm BrandShop announced that Reuben Hendell has been named chief executive officer of the company. Hendell will also serve on BrandShop's board of directors.  

BrandShop provides digital commerce services for such brands as ArmorAll, Casio, Cuisinart, Hershey's, Nicorette, Ping, Samuel Adams and Waterpik.  

November 24, 2014

Walmart has appointed Tom Horton, former chairman and CEO of American Airlines, as the 16th member of its board of directors. Horton will also serve on the audit committee.  

Walmart has appointed Tom Horton, former chairman and CEO of American Airlines, as the 16th member of its board of directors. Horton will also serve on the audit committee.  

November 20, 2014

The Children's Place has announced the appointment of Anurup Pruthi as senior vice president and chief financial officer effective Dec. 1. 

The Children's Place has announced the appointment of Anurup Pruthi as senior vice president and chief financial officer effective Dec. 1.

November 17, 2014

If you think embracing omnichannel is tough, you’re not alone. According to the third annual Retail Insight industry benchmark report, 94% of retailers, suppliers and logistics firms surveyed haven’t executed a longterm omnichannel strategy, and 37% don’t even have one. 

If you think embracing omnichannel is tough, you’re not alone. According to the third annual Retail Insight industry benchmark report, 94% of retailers, suppliers and logistics firms surveyed haven’t executed a longterm omnichannel strategy, and 37% don’t even have one. 
 
November 14, 2014

Books-A-Million has appointed Ronald J. Domanico to serve as a member of the board and a member of the audit committee of the board.

Books-A-Million has appointed Ronald J. Domanico to serve as a member of the board and a member of the audit committee of the board.

“We are very fortunate to have identified a director of the caliber and experience that Ron possesses,” said Clyde B. Anderson, the executive chairman of the board of directors of the company. “Ron is a seasoned financial executive that brings a depth of experience in finance, strategy, and operational matters to our board.”

November 14, 2014

Spanx, one of the hottest brands in retail, named finance executive Dan Glennon to the new role of COO and CFO to help drive growth at the leading shapewear brand.

Spanx, one of the hottest brands in retail, named finance executive Dan Glennon to the new role of COO and CFO to help drive growth at the leading shapewear brand.

Glennon will lead the cross functional teams of global finance, legal, information technology, sourcing, manufacturing and planning as well as data and analytics. He will report directly to Spanx CEO Jan Singer.

November 5, 2014

Leading third party logistics provider Transplace acquired fellow 3PL Logistics Management Solutions in a deal that extends the company’s expertise to chemical and industrial manufacturing.

Leading third party logistics provider Transplace acquired fellow 3PL Logistics Management Solutions in a deal that extends the company’s expertise to chemical and industrial manufacturing.

November 3, 2014

Kurt Salmon, a global management consulting firm has appointed Brian Ehrig partner in its Retail and Consumer Products Group.

Kurt Salmon, a global management consulting firm, has appointed Brian Ehrig partner in its Retail and Consumer Products Group.

Ehrig has spent the last 16 years creating new operational strategies and product offerings for retail and CPG companies, as well as leading transformation projects, including those for new market entrances and involving new retail concepts. 

October 24, 2014

The board of directors of Avery Dennison Corporation has elected Mitchell R. Butier as president and chief operating officer, effective November 1.

The board of directors of Avery Dennison Corp. has elected Mitchell R. Butier as president and chief operating officer, effective November 1.

Butier has been the company’s senior vice president and chief financial officer since June 2010, and will continue to serve as CFO until a successor is named. Dean A. Scarborough continues as chairman and CEO.

October 22, 2014

Citing “radically increased customer interest” in the emergency preparedness category, Overstock is boosting inventory and offering special incentives.

Citing “radically increased customer interest” in the emergency preparedness category, Overstock is boosting inventory and offering special incentives.

The online retailer said it created an emergency prep section on its O.info public wiki-based guide site and is offering 15% back in Rewards Dollars to its Club O loyalty members who make emergency prep purchase.

October 14, 2014

Leading cosmetics retailer Ulta Beauty named veteran financial industry executive Michelle Collins to its board.

Leading cosmetics retailer Ulta Beauty named veteran financial industry executive Michelle Collins to its board.

October 14, 2014

Price and promotion tracker Brand View has joined the Revionics’ Competitive Data Partner program to enhance the competitive intelligence available to retail clients.

Price and promotion tracker Brand View has joined the Revionics’ Competitive Data Partner program to enhance the competitive intelligence available to retail clients.

October 8, 2014

UPS plans to expand UPS My Choice and the UPS Access Point network, two services that, according to the company, work seamlessly together to manage residential package deliveries.

UPS plans to expand UPS My Choice and the UPS Access Point network, two services that, according to the company, work seamlessly together to manage residential package deliveries.
 
UPS My Choice, the customizable online and mobile service where consumers choose delivery preferences, will now be available to consumers in 15 additional countries throughout North America and Europe. UPS My Choice was first introduced in the US in 2011.
 

October 6, 2014

Newegg has opened a high-tech warehouse and shipping today in Indianapolis. The leading technology e-retailer estimates that the new warehouse will allow 45 million people in the Midwestern U.S. to get their orders faster.

Newegg has opened a high-tech warehouse and shipping today in Indianapolis. The leading technology e-retailer estimates that the new warehouse will allow 45 million people in the Midwestern U.S. to get their orders faster.

In addition to Indiana, customers in Illinois, Iowa, Kentucky, Michigan, Minnesota, North Dakota, South Dakota, Ohio, Wisconsin and West Virginia will see the greatest benefit, with noticeably shorter delivery times.

October 2, 2014

Home Depot is extending its e-commerce capabilities westward with the opening of a dedicated online fulfillment center in California.

Home Depot is extending its e-commerce capabilities westward with the opening of a dedicated online fulfillment center in California.

Located in Perris, California, the 858,953-sq.-ft. facility will initially employ approximately 150 people, and eventually employ up to 300. It is one of three new DFCs opening across the US in addition to the company’s existing network.

The Locust Grove DFC opened outside of Atlanta, Georgia in February and the Ohio DFC is scheduled to open next year.

October 2, 2014

Vantiv, a leading provider of payment processing services and related technology for merchants and financial institutions, has appointed Larry Drury as its chief marketing officer. Drury will report directly to CEO Charles Drucker.

Vantiv, a leading provider of payment processing services and related technology for merchants and financial institutions, has appointed Larry Drury as its chief marketing officer. Drury will report directly to CEO Charles Drucker.

October 1, 2014

Lumber Liquidators has promoted Ray Cotton to SVP, chief compliance and sustainability officer. Cotton will continue to report directly to president and CEO Robert Lynch.

Lumber Liquidators has promoted Ray Cotton to SVP, chief compliance and sustainability officer. Cotton will continue to report directly to president and CEO Robert Lynch.