Bed, Bath & Beyond Q4 up 24%; will open 40 stores in fiscal 2012
Union, N.J. — Bed Bath & Beyond Inc.’s profit in the fourth quarter rose to $351.0 million, from $283.5 million a year ago.
Revenue for the quarter ended Feb. 25 increased 9.1% to $2.73 billion. Same-store sales were up 6.8%.
In a conference call with analysts, the chain said it anticipates opening a total of 40 stores across all its concepts this fiscal year.
Gymboree selects Hybris to enhance omnichannel shopping experience across brands
New York — Hybris announced that The Gymboree Corp. has selected the hybris platform to enhance its e-commerce efforts and provide a cohesive omnichannel shopping experience across its three brands, Gymboree, Crazy 8, and Janie and Jack.
“We selected hybris based on the breadth and agility of its solution, the company’s alignment with our multichannel vision, and its demonstrated ability to be rapidly implemented. We have very ambitious goals and are confident that hybris will enable us to meet them,” said David Strobelt, VP IT and logistics, The Gymboree Corp.
In its selection process, Gymboree assumed the torrid pace of change in multichannel would continue for many years going forward.
“We sought a framework upon which we could adapt and compete in fast changing conditions,” Strobelt said. “Out of all the commerce platforms we looked at, we felt hybris’ solution offered us the open architecture, scalability, TCO and agility to power a cross-channel shopping experience without introducing IT complexity into our organization.”
“We are thrilled to be working with such a well-respected retailer in the U.S. as Gymboree,” said Steven Kramer, North America president of hybris. “We look forward to helping Gymboree deliver a superior and enhanced shopping experience to its customers.”
Walmart and Walmart Foundation announce $958.9 million in charitable contributions for 2012
Bentonville, Ark. — Walmart and the Walmart Foundation announced $958.9 million in cash and in-kind contributions around the globe during the fiscal year ending January 31, 2012. The company’s U.S. giving grew nearly 20%, largely due to increased donations of produce, meats, poultry and other nutritious food to local food banks from Walmart stores, Sam’s Club locations and distribution centers.
Overall, Walmart and the Walmart Foundation’s giving in the last fiscal year includes:
- $872.7 million in cash and in-kind gifts in the United States, up from $732 million in fiscal year ending 2011;
- $86.2 million in cash and in-kind gifts in international markets, up from $66.8 million in fiscal year ending 2011;
- $958.9 million in global charitable contributions from Walmart and its Foundation in fiscal year ending 2012.
Included in the $958.9 million is $101.3 million in cash and in-kind gifts given by Sam’s Club and the Sam’s Club Giving Program to support local U.S. organizations, which included 49.6 million lbs. of food or more than 38 million meals. The Sam’s Club Giving Program also supports small business success and preventative health and wellness programs.