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BJ’s taps LogicSource for print procurement and management

BY Marianne Wilson

Norwalk, Conn. — BJ’s Wholesale Club has reached a multi-year agreement with LogicSource Inc. to provide enhanced print procurement and management services that will deliver significant cost savings to BJ’s. Terms were not disclosed.

LogicSource will provide onsite co-sourcing for all of BJ’s print procurement needs by collaborating with BJ’s to identify new potential supply chain partners and procurement efficiencies.

"The co-sourcing model offered by LogicSource is a great fit for us,” said Julie Reed, VP strategic sourcing and procurement and chief procurement officer. “Our onsite team will have the enhanced technology, processes, and resources they need to drive to the next levels of cost savings, innovation, and efficiency for BJ’s."

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S.Gacho says:
Mar-13-2013 02:45 am

Stores are open to the public
Stores are open to the public and didnt require a membership to make a purchases. and its called Real Canadian Wholesale Club. - Rich Von Alvensleben

S.Gacho says:
Mar-13-2013 02:45 am

Stores are open to the public and didnt require a membership to make a purchases. and its called Real Canadian Wholesale Club. - Rich Von Alvensleben

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REAL ESTATE

Hammacher Schlemmer NYC store to get makeover

BY Marianne Wilson

New York — Hammacher Schlemmer iconic midtown Manhattan store will undergo an extensive floor-to-ceiling renovation. It will reopen May 16.

The renovation of Hammacher Schlemmer’s landmark store will include new lighting, more modern display cases, and a new floor consisting of solid stone and hardwoods. The new store layout will provide more square footage for customers to peruse the latest gadgets and problem-solving products.

Hammacher Schlemmer opened its doors in 1848 in New York City’s Bowery district, and quickly became renowned as the definitive, most complete source for hard-to-find hardware in the country, if not the world. When they moved in 1926 to their current location at 147 E. 57th Street they began selling more refined goods that solved problems or were the only ones of their kind. Throughout their history they have been the first to offer many items that are now ubiquitous, including the first pop-up toaster.

"Our store has been at its current location for 87 years and we are committed to maintaining the finest shopping experience for our customers," said Hammacher Schlemmer’s general manager Fred Berns.

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Tuesday Morning reports 2Q loss, names new COO

BY CSA STAFF

DALLAS —Tuesday Morning reported that for the second quarter, the company’s net sales increased 4.5% to $285.3 million, from $273.1 million in the second quarter of fiscal 2012.

The company reportd that its net loss for the quarter was $21.5 million, or 51 cents per share. The company reported net income of $15.9 million or 37 cents per share in the second quarter of fiscal 2012.

Brady Churches, president and CEO, stated, "We are pleased with our initial sales progress, which was driven by enthusiastic customer response across a range of seasonal merchandise and well-received deals during the second quarter. This does not, however, obscure the challenges ahead, which includes the need for a major revitalization across every facet of our operations. While the company has taken some positive first steps in this regard, including a difficult but necessary inventory write-down, much work remains to restore Tuesday Morning’s core value proposition."

Comparable-stores sales increased by 5.6% compared to the second quarter of fiscal 2012 and were comprised of a 5.3% increase in average ticket and a 0.3% increase in traffic.

Earlier the company announced that John Rossler as EVP, COO, effective immediately. Rossler has been serving as an executive advisor to Tuesday Morning since October, 2012, and his focus has been primarily on operational efficiencies, including overall cost control, supply chain and real estate. His distinguished career in retail includes serving as president and CEO of DSW Inc. and Retail Ventures Inc.

"John Rossler is precisely the operational expert we need to help execute Tuesday Morning’s revitalization," said Brady Churches, president and CEO of Tuesday Morning. "From store operations to supply chain to improved real estate strategies, the company will benefit from John’s relentless attention to detail and proven retail track record."

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