REAL ESTATE

Blockbuster to close 300 stores

BY Marianne Wilson

Dallas – Blockbuster will shutter about 300 of its stores in the United States in the coming weeks. The closures will result in the loss of about 3,000 jobs and leave the chain with some 500 U.S. locations, according to a spokesman for Blockbuster parent company Dish Network Corp.

The closures will affect underperforming stores or those nearing the end of their lease. Specific locations have not yet been announced.

Dish, a satellite pay-TV provider, acquired Blockbuster and about 1,700 stores in a bankruptcy sale in 2011. It closed about 500 Blockbuster stores last year.

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SUPPLY CHAIN

Wal-Mart issues ‘zero tolerance’ policy for global suppliers

BY Staff Writer

Bentonville, Ark. — Wal-Mart Stores is tightening the reins on its global suppliers. Effective March 1, the retailer is implementing a "zero tolerance" policy for any supplier who subcontracts work to factories without the company’s knowledge, the Associated Press reported. Previously, Wal-Mart gave suppliers three chances to correct mistakes.

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In addition, beginning June 1, suppliers must have an employee stationed in countries where they subcontract to ensure compliance. In the past, suppliers relied on third-party agents to monitor activity.

Wal-Mart will hold a meeting for clothing suppliers from the United States and Canada on Thursday to explain the new policy changes, the report said.

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News

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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Mar-13-2013 02:45 am

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