FINANCE

Costco tops estimates in December

BY Marianne Wilson

Issaquah, Wash. – Costco Wholesale Club’s same-store sales rose 3% in December, beating analysts’ estimates of a 1.8% gain. The metric climbed 5% in the U.S. and inched up 1% overseas for the five weeks ended Jan. 5.

Total monthly revenue increased 6% to $11.53 billion.

For the 18-week period, same-store sales were up 3%. In the U.S. the metric rose 4% and 1% internationally.

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News

Cato deploys Celerant Technology for e-commerce site

BY Marianne Wilson

Staten Island, N.Y. — Women’s apparel retailer Cato has made its debut into the world of online shopping with the launch of its first ever e-commerce site. With the help of its implementation partner Celerant Technology, the new website will support the growth of the brand and will offer the same collections as its brick-and-mortar stores, as well as additional sizes, colors and exclusive items.

“We are thrilled to enter the world of ecommerce,” says John Cato, Cato’s chairman, president and CEO “This significant milestone fully rounds out our services and offerings, along with our 1,100 Cato stores. Now our customers have the opportunity to access our fashions and accessories at any time from the comfort of their own devices.”

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OPERATIONS

Stewart’s Shops automates delivery scheduling

BY Dan Berthiaume

Saratoga Springs, N.Y. — Stewart’s Shops, a chain of 300 convenience stores offering gasoline and fresh and local dairy products and ice cream, has deployed Paragon Software’s Single Depot solution to automate the planning of daily and seasonal deliveries. Paragon’s software automates the manual process of planning and scheduling deliveries to the retail outlets, lowering mileage, reducing fuel usage, and improving truckload efficiencies.

“We have a tremendous amount of variables that affect delivery to each shop, such as time windows, delivery door restrictions, and vehicle restrictions, that go into planning,” said Ryan Faville, transportation manager at Stewart’s Shops. “With the Paragon software, we get a holistic look at our operations and have been able to make significant improvements in vehicle utilization. Optimizing routes with Paragon has helped us to considerably reduce miles driven.”

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