Buffalo Americas releases video surveillance solution
Austin, Texas – Buffalo Americas, a provider of external storage, network attached storage and networking solutions, is releasing the TeraStation 5200 Network Video Recorder (NVR) series with embedded support for Axis Camera Companion. The TeraStation 5200 NVR provides a complete turnkey video surveillance network attached storage (NAS) solution, offering redundant managed storage and recording for use in conjunction with Axis Communications network cameras and the complimentary Axis Camera Companion software.
Buffalo’s new NVR offering features Axis One-Click Camera Connection setup and can record and archive video footage from up to 16 Axis network cameras. Buffalo and Axis partnered to provide businesses and resellers with versatile, high-performance IP surveillance networks that can be set up and maintained during long periods of time, as well as deliver benefits of IP video such as HDTV-quality recording.
Winter unkind to Bebe in third quarter
Bebe stores cited various factors, among them severe weather conditions that caused 136 store closures, the shuttering of 19 unproductive stores and the timing of Easter in late April, as contributing to its 17.2% net sales decrease in the third quarter from the prior-year quarter.
Net sales dropped to $93.5 million from $112.9 million for the third quarter a year ago. Comparable store sales for the quarter decreased 5.7%. The sales decrease, according to the company, was also fueled by one fewer retail week in January in the current fiscal year.
Gross margin decreased to 27.1% compared to 29.7% in the third quarter of fiscal 2013. The decrease in gross margin was primarily due to deleveraging of sales. While Bebe has experienced an increased level of promotions in response to the challenging retail environment, merchandising margin was 50 basis points higher than the third fiscal quarter of the prior year.
“As previously disclosed in our preannouncement, our third quarter performance did not meet our expectations largely due to winter storms and a challenging overall retail environment. That said, we were highly encouraged with the improved sales and margin performance in both our e-commerce and catalog businesses,” said CEO Steve Birkhold. “Overall, the favorable response to our spring merchandise offering and marketing programs gives us confidence that we are winning over and retaining our bebe girl. While we expect the overall retail environment to remain challenging in the near term, we believe that we are taking the right steps to position our company for long-term sustainable growth.”
Looking ahead, the company anticipates comparable-store sales in the fourth quarter to be flat. Gross margin is expected to exhibit sequential improvement.
For the remainder of the year, the company plans to open up one Bebe outlet store, and close one 2b Bebe store, which will result in approximately 8% decrease in the total store sq. footage from the end of fiscal year 2013.
McCormick taps new president of U.S. consumer
McCormick & Company has named Brendan Foley as president of U.S. consumer effective June 2. Foley will lead the largest business unit for McCormick and will report directly to president of global consumer and CAO Lawrence Kurzius.
Foley comes to McCormick from H. J. Heinz, where he worked for more than 15 years. In his most recent role, he served as the zone president for Heinz North America. He also served as president for the U.S. consumer products business at Heinz, as well as president of the U.S. foodservice business and held leadership roles in marketing and brand management across a wide portfolio of products. Prior to joining Heinz, he worked in marketing for General Mills and Ketchum Advertising-Chicago. He has a bachelor of science degree from Miami University of Ohio.
McCormick manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry — retail outlets, food manufacturers and foodservice businesses — in more than 125 countries and territories.