AutoZone to Open New DC
Memphis, Tenn. AutoZone, Inc. announced plans to open a new distribution center (DC) in Hazleton, Pa.
When the facility is completed in the summer of 2008, it will employ approximately 400 associates and distribute parts and products to AutoZone stores in surrounding states.
“The increasing scope of our business requires that we enhance our supply chain capabilities,” said Bill Graves, senior VP of supply chain. “AutoZone’s new facility will bring even more efficiencies to the process of delivering the right part at the right price to our retail and commercial customers.”
AutoZone operates seven other distribution centers throughout the country.
JCPenney reports Feb. comps drop
PLANO, Texas JCPenney today reported that comparable-store sales decreased 6.7% for the four weeks ended March 1, compared with guidance for a low-single digit decrease. In last year’s February period, comparable-store sales increased 1.5%. Total sales in February decreased 4.4%.
JCPenney said that women’s and children’s apparel and family footwear were the best performing merchandise divisions for the February period. The company also commented that its new American Living concept has “enjoyed a good initial customer response.” Home categories and the Southeast region continue to experience the softest results, the company reported.
JCPenney said it expects a low-single digit increase in March comparable-store sales. This is compared to an 11% increase in last year’s period. Total sales for the March period are expected to be about flat.
Target meets Feb. comps goals
MINNEAPOLIS Target today reported that its net retail sales for the four weeks ended March 1 increased 5.9% to $4.4 billion from $4.1 billion for the four weeks ended March 3, 2007. On this same basis, February comparable-store sales increased 0.5%.
“Our comparable store sales performance in February was in line with our planned range,” said Bob Ulrich, chairman and chief executive officer of Target.
Target had called for February comps to be down 1% to up 1%.