Content about Inventory

July 21, 2014

Demoulas Super Markets Inc., parent company of the Market Basket grocery chain, has reportedly fired some employees in the wake of inventory problems during the weekend of July 19-20.

Tewksbury, Mass. – Demoulas Super Markets Inc., parent company of the Market Basket grocery chain, has reportedly fired some employees in the wake of inventory problems during the weekend of July 19-20. According to the Boston Globe, several managers were fired the evening of Sunday, July 20 after the company noticed thinning inventories of perishable items.

July 21, 2014

Tyco Retail Solutions announced that fashion retailer Inditex Group, operator of Zara, has awarded Tyco a chain wide contract for RFID-based Inventory Intelligence.

Neuhausen, Switzerland -- Tyco Retail Solutions announced that fashion retailer Inditex Group, operator of Zara, has awarded Tyco a chain wide contract for RFID-based Inventory Intelligence. The Tyco solution is currently deployed in 700 Zara stores across 22 countries.

The solution has delivered timely, accurate visibility into merchandise styles, colors and sizes for Zara, enabling Inditex to create precise merchandise plans and tailored product assortments, and to deliver an exceptional customer experience across the Zara chain, Tyco said.

July 10, 2014

Retail sales generally improved in June, helped by good weather and big discounts as retailers look to clear inventory for the back-to-school season.

New York -- Retail sales generally improved in June, helped by good weather and big discounts as retailers look to clear inventory for the back-to-school season.
 
Costco Wholesale Corp. reported a 6% increase in June same-store sales, helped by higher fuel prices. Its results topped Wall Street estimates.

Excluding the impact of foreign exchange rates and gasoline prices, Costco’s same-store sales increased 6% for the five-week period ended July 6. The metric rose 5% in the United States and 7% overseas.  

June 20, 2014

As part of a strategic move towards achieving seamless inventory management in an omnichannel retail environment, eco-friendly outdoor apparel retailer and wholesaler Patagonia has extended its partnership with 7thonline to support merchandise and assortment planning for its brick-and-mortar stores and e-commerce channel.

New York -- As part of a strategic move towards achieving seamless inventory management in an omnichannel retail environment, eco-friendly outdoor apparel retailer and wholesaler Patagonia has extended its partnership with 7thonline to support merchandise and assortment planning for its brick-and-mortar stores and e-commerce channel.

June 16, 2014

Raymark is releasing a new mobile retail store operations solution called Mosaic Inventory Management.

Montreal – Raymark is releasing a new mobile retail store operations solution called Mosaic Inventory Management. The new solution complements the suite of Raymark Mosaic retail enterprise applications with tools for end-to-end management and optimization of inventory from a handheld device, including support for iPhone and iPod Touch.

June 10, 2014

Shopatron, a provider of cloud-based distributed order management solutions, is releasing a free inventory visibility API. Shopatron Retailer Inventory Lookup is a cloud-based solution that offers enterprise-wide inventory visibility and also provides retailers with actionable analytics to improve in-store operations, stocking, merchandising and product marketing.

San Luis Obispo, Calif. — Shopatron, a provider of cloud-based distributed order management solutions, is releasing a free inventory visibility API. Shopatron Retailer Inventory Lookup is a cloud-based solution that offers enterprise-wide inventory visibility and also provides retailers with actionable analytics to improve in-store operations, stocking, merchandising and product marketing.

The solution enables retailers to instantly connect customers with local, available inventory.

June 6, 2014

Stitch Labs has launched a new user interface for its inventory management platform. Designed to meet the unique needs of retailers, the interface incorporates new visual and interactive experiences.

San Francisco — Stitch Labs has launched a new user interface for its inventory management platform. Designed to meet the unique needs of retailers, the interface incorporates new visual and interactive experiences.

May 23, 2014

By controlling inventory and expenses, Ross Stores Inc. was able to report a 4% increase in net income during the first quarter of fiscal 2014 despite bad weather and other negative factors.

Dublin, Calif. – By controlling inventory and expenses, Ross Stores Inc. was able to report a 4% increase in net income during the first quarter of fiscal 2014 despite bad weather and other negative factors. Net income totaled $243.9 million, up from $234.6 million in the same period the prior year.

First quarter 2014 sales increased 6% to $2.68 billion, up from $2.54 billion in first quarter 2013. Same-store sales rose 1%. Ross Stores expects same-store sales to grow 1%-2% during the second quarter of fiscal 2014.

May 19, 2014

Sainsbury’s has selected Quantum Retail Technology to provide software and services to help optimize its fashion and general merchandise inventory through improved allocation and replenishment functionality.

London - Sainsbury’s has selected Quantum Retail Technology to provide software and services to help optimize its fashion and general merchandise inventory through improved allocation and replenishment functionality.  

May 1, 2014

Devastating sourcing and supply chain disasters, including the Bangladesh factory collapse in April 2013, have increased the push for retailers and other businesses to implement sustainable and responsible practices across the global supply chain. Tamara Saucier, VP industry – retail solutions, GT Nexus, discussed the topic, and proactive measures retailers can take, with Chain Store Age.

What can retailers be doing to ensure ethical and sustainable supply chain practices?

March 25, 2014

Speakers at Oracle Industry Connect, being held March 25-March 26, in Boston, discussed how retailers can use advanced technology to enable growth and understand inventory levels across all channels (and share that knowledge with their customers).