OPERATIONS

Advance Auto Parts names CIO

BY Marianne Wilson

Roanoke, Va. — Advance Auto Parts has promoted Donna Justiss to the position of senior VP and chief information officer. Justiss will be responsible for the strategic leadership of all aspects of Advance’s information technology area, including application development and support, infrastructure and information security.

Justiss joined Advance is December 2005 and has held a number of IT VP roles with the company, including serving as interim chief information officer since September 2012. Prior to joining Advance, Justiss was with Eckerd Corporation for seven years where she held several information technology positions, including serving as VP, application development.

Prior to Eckerd, she spent 19 years with J.C. Penney Company, where she served in various information technology and accounting roles.

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News

MillerCoors dumps landfill

BY CSA STAFF

CHICAGO — MillerCoors is showcasing its environmental friendliness by taking its Golden Brewery landfill free.

The company, which has taken four of its other breweries landfill-free, has eliminated an average of 135 tons of waste monthly that was previously sent to landfill.

Beginning in 2011, MillerCoors began reducing the municipal waste sent from the Golden Brewery to landfill, complementing process improvements with nearly $1 million in new infrastructure and equipment, including new choppers, bailers and compactors. The brewery beneficially reuses or recycles 100% of waste, including all glass, paperboard, plastics, metal and brewing byproducts, such as spent grain. Residual refuse, such as cafeteria waste and floor sweepings, is sent to a waste-to-energy facility and used as an alternative fuel source to generate electricity.

"Environmental stewardship is part of our company DNA, and we challenge ourselves daily to be more sustainable throughout our operations," said MillerCoors CEO Tom Long. "Through our commitment to continuously improving, we’ve found a way to eliminate trips to the landfill and developed a zero waste model that’s scalable to our other facilities."

Longtime MillerCoors brewery employee Kelly Harris was a driving force in the efforts. As a shop floor technician, Harris noticed small process changes could lead to large waste reductions. After conducting research, he developed and implemented a waste-reduction business plan that in 2010 led MillerCoors Trenton, Ohio, brewery to become the company’s first landfill-free facility and the world’s first zero waste mega-brewery. Three other MillerCoors breweries — Shenandoah, Irwindale and Eden — have also achieved landfill-free status.

"There’s a misperception that sustainable manufacturing is expensive, but employee behaviors are really the key to efficiently and affordably making the change," Harris said. "Working alongside brewery leadership, we developed a way to do things differently and implemented new manufacturing processes at the brewery. We’ve proven that there’s an alternative place for all waste, even at one of the world’s largest breweries."

The company is working to implement similar changes at its other facilities.

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FINANCE

Neiman Marcus files for IPO; looks to expand outlet center format

BY Marianne Wilson

New York — Luxury department store operator Neiman Marcus Inc. on Monday disclosed plans for a proposed public offering of up to $100 million.

The retailer’s plan, announced in a regulatory filing, comes some eight years after it was acquired for $5.1 billion by private equity firms TPG Capital and Warburg Pincus. In its filing, Neiman Marcus indicated a desire to expand its outlet center concept, Last Call, which currently operates 35 locations.

"We believe Last Call represents a meaningful growth opportunity relative to the number of the off-price retail locations of other luxury and premium multi-branded U.S. retailers," the company said. "Over the next five years, we believe there is an opportunity to approximately double our Last Call store count. Combined with lastcall.com, we believe there is an opportunity to enhance our existing, nationwide, omni-channel experience for the aspirational, price-sensitive yet fashion-minded customer."

The company’s growth strategy includes building out its multichannel capabilities and improving online sales, especially internationally.

"Our international online business represents a significant opportunity, which we intend to exploit by implementing focused marketing programs to build global brand awareness and by focusing on key geographies with strong affluent customer demographics," the company said.

Neiman Marcus is coming off a strong year. During the 12 month period ended April 27, 2013, the company reported revenues of $4.5 billion, up 6.5% from the year-ago period, and adjusted operating profit of $623 million.

Neiman Marcus won’t receive any proceeds from the offering. (All shares in an IPO would be sold by existing shareholders.) In addition to its 35 Last Call stores, the Dallas-based company operates 41 namesake stores, two Bergdorf Goodman locations, and six Cusp stores, which cater to younger customers.

In the SEC filing, Neiman Marcus did not disclose how many shares would be offered, or what the projected price range would be. The company also did not disclose what exchange it expects to list the stock on or what ticker symbol it plans to use.

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