American Eagle Q1 profit down but tops Street; to build new DC
Pittsburgh — American Eagle Outfitters Inc. earned $28 million in its first quarter, down from $39.7 million in the same quarter last year, as cooler weather hurt demand for its spring fashions and some special charges cut into its results. But the retailer still beat market expectations.
In related news, American Eagle Outfitters will invest more than $160 million to construct a new direct-to-consumer distribution center in Hazle Township, Pa.
Total revenue for the quarter ended May 4 was down to $679.5 million from $708.7 million. Same-store sales fell 5%.
“As expected, the first quarter was difficult, but we remained confident in our strategic direction and ability to deliver,” CEO Robert Hanson said on the chain’s quarterly conference call. “Cold weather after last year’s record warmth and soft consumer demand for spring apparel impacted store traffic. Within this context, it was tough to generate growth against the very strong quarter last year.”
Armstrong names Target as 2012 ‘Flooring Recycler of the Year’
New York — Armstrong World Industries names Target as its 2012 Flooring Recycler of the Year, an award that recognizes organizations that make significant environmental contributions by recycling VCT materials during demolition projects, resulting in waste reduction in landfill materials, transportation, and energy.
Target was recognized for its commitment to waste reduction as demonstrated by their efforts to reclaim over 1.2 million pounds of vinyl composition tile (VCT) from multiple stores throughout the United States in 2012. Target began implementing recycling of their vinyl composition tile (VCT) in 2011 under the Armstrong VCT Recycling Program. Most recently, Target recycled over 20,000 pounds of VCT from a store in Las Vegas.
Under the program, installed Armstrong VCT flooring is recycled in a closed-loop, post-consumer stream with reclaimed material incorporated into new flooring products. Since 2009, Armstrong has successfully reclaimed and recycled over four million pounds of post-consumer VCT, representing 2,000 tons of diverted landfill material. Armstrong has regional recycling facilities in California, Illinois, and Mississippi.
“The program’s value is realized by everyone involved, from the customers that remove and recycle VCT during renovations to the manufacturing plant that uses the reclaimed VCT in the creation of new flooring products,” said Amy Costello, Armstrong’s sustainability manager for commercial flooring. “The program has little, if any, adverse impact on demolition schedules, as the process requires the same removal time as traditional methods. Plus the program may be less costly than traditional dumpster, hauling, and landfill fees.”
Carrefour strengthens business analytics with location intelligence
REDLANDS, Calif. — Esri announces that Carrefour Group, the second-largest retailer in the world with nearly 10,000 stores around the globe, has implemented an enterprise-wide marketing solution from Esri partner Galigeo.
The solution, Geodashboard, incorporates ArcGIS and enhances existing enterprise business intelligence (BI) software to improve decision making. Carrefour staff around the world are guided through different operational workflows including retail site selection and competition analysis. The solution improves their expansion and development strategy, optimizes direct marketing activities, and enhances store performance through a better understanding of sales territories and customer needs.
"Carrefour Group selected Galigeo, an Esri partner, because of its ease of implementation and its ability to meet technical requirements of Carrefour’s data centers," says Francis Riviere, geomarketing manager at Carrefour Group.
Galigeo’s Geodashboard uses the Esri ArcGIS platform to view and analyze spatial data to support:
• Traditional retail analysis such as trade areas, mailing areas, competition, customer locations, and targeted advertising;
• Geographic data including Bing Maps, Nokia data, and aerial and satellite images; and
• Information that can be geocoded on the fly.