Big Five Q2 profit tops Street
El Segundo, Calif. — Big 5 Sporting Goods Corp.’s quarterly profit beat Wall Street estimates, fueled by strong sales of apparel and footwear.
For the second quarter, ended July 1, the company posted net income of $2.6 million.
Sales rose 4% to $226.6 million, narrowly missing Wall Street estimates of $227.4 million, which the company attributed to July 4th-related sales shifting to the third quarter. Same-store sales increased 1.0%.
Big 5 ended the quarter with 407 stores in operation. It plans on opening three stores, one of which relates to a relocation, and closing two stores, one of which relates to a relocation, in the third quarter and opening nine stores in the fourth quarter.
Foot Locker goes live with RedPrairie enterprise workforce management
Atlanta — RedPrairie announced that Foot Locker has rolled out Red Prairie’s enterprise workforce management solution at approximately 2,700 stores throughout North America. Foot Locker’s deployment of the RedPrairie solution began as a 21-store pilot that was completed in April 2012, and then deployed at all remaining North American locations by July.
“At Foot Locker, we realize that the passion, knowledge, and performance of our store associates is a tremendous asset for our customers,” said Dick Johnson, executive VP and COO at Foot Locker, which operates retail brands Foot Locker, Lady Foot Locker, Kids Foot Locker, Footaction, CCS, and Champs Sports Inc. “We felt that RedPrairie’s workforce management solution was the most intuitive, robust and scalable resource available to help us achieve our vision of being the leading global retailer of athletically-inspired shoes and apparel."
Foot Locker’s implementation of the workforce management tool will allow for the holistic management of its workforce through integrated applications that address time and attendance, forecasting, scheduling, labor standards, and execution management, RedPrairie said.
Additionally, the chain will leverage RedPrairie’s performance management reporting module to transform data into actionable business intelligence that further enables the right employees to be in the right place at the right time, to better serve customers.
Toshiba Tec and IBM announce initial closing of acquisition of IBM’s Retail Store Solutions unit
New York — Toshiba Tec Corp. and IBM announced the initial closing of the transaction in which Toshiba Tec will acquire IBM’s Retail Store Solutions (RSS) business. The agreement was announced on April 17, 2012.
Toshiba Tec has established Toshiba Global Commerce Solutions Holdings Corporation, a holding company, of which Toshiba Tec holds 80.1% ownership and IBM holds 19.9% ownership.
Under the holding company, Toshiba Tec also has established Toshiba Global Commerce Solutions, which has begun business operations in four countries: the United States, Canada, Mexico and Australia. Toshiba Global Commerce Solutions has its headquarters in Research Triangle Park, N.C. With the newly formed subsidiaries, Toshiba Tec has become the world’s leading integrated in-store solutions company, offering products and solutions that provide new value to customers.
As part of the transaction, Toshiba Tec and IBM will enter into a multi-year agreement where Toshiba Tec will join IBM’s Smarter Commerce business partner program as a Premier Business Partner for Smarter Commerce. This agreement will help ensure that IBM’s portfolio of enterprise-level Smarter Commerce solutions and services, which extends from the corporate data center to the local retail store, and Toshiba Tec’s customer-facing retail store solutions, are available to customers worldwide to meet the growing demand for multichannel commerce.
“As we have seen over the first half of the year, consumer expectations are rising for flawless retail experiences that extend from the store floor to their favorite mobile device," said Craig Hayman, general manager, Industry Solutions, IBM Software Group. "By partnering with Toshiba Global Commerce Solutions, we combine IBM’s enterprise offerings with a strong suite of in-store products, expanding our Smarter Commerce capabilities to provide multi-channel buying solutions for the growing Smarter Commerce market opportunity."