Barnes & Noble to sell Sterling publishing business
New York City — A Wednesday report in the Wall Street Journal said that Barnes & Noble Inc. has put its Sterling Publishing business up for sale.
Barnes & Noble acquired Sterling in 2003 for about $115 million.
7-Eleven Mexico selects Oracle retail platform to support growth
Redwood Shores, Calif. — 7-Eleven Mexico has selected Oracle Retail Merchandising to create a platform for improving retail operations and driving growth across its 1,400 stores throughout the country.
“We will use Oracle Retail to better serve the changing needs of our convenience customers by offering the best assortment by store and fresher products every day. Also to establish best practices and create a platform for growth,” said Eduardo Trujillo, business transformation director, 7-Eleven Mexico. “We have operational data from across the business. Oracle will help us to gain insight from that data and shape our merchandising and inventory strategies accordingly.”
7-Eleven Mexico will use the Oracle Retail Merchandising suite of applications to leverage operational data, establish best practices throughout its retail operations and help develop new merchandising and inventory strategies.
The Oracle solution is designed to help retailers determine the inventory requirements at the item and location level, which results in an inventory replenishment that optimizes the supply across all locations.
Liz Claiborne to change name to Fifth & Pacific Co.
New York City — Liz Claiborne Inc. said Wednesday that it will change its name to Fifth & Pacific Cos., effective May 15, to reflect the divestiture of its namesake brand as well as a newly honed focus on its core banners.
The owner of Juicy Couture, Kate Spade and Lucky Brand agreed last October to sell its Liz Claiborne and Monet brands to J.C. Penney Co. for $267.5 million in a move to reduce debt. It also sold its Dana Buchman brand to Kohl’s Corp.
"While it’s difficult to replace an iconic name like Liz Claiborne, we believe that Fifth & Pacific Cos. telegraphs who we are today — taking inspiration from New York and California, while describing our reach and our potential," said William L. McComb, CEO.