Denny’s cooks up supply chain optimization
Spartanburg, S.C. – Denny's Corp. is cooking up something good on the back end. The casual dining chain has chosen Havi Global Solutions LLC (HGS) as its lead supplier of supply chain and packaging solutions.
HGS will provide sourcing & spend management, network optimization and packaging category management solutions to Denny’s for six years. HGS will deliver a comprehensive, custom solution for Denny’s that puts all key sourcing and supply chain management functionality in one place. This will include: supplier and distributor connectivity and visibility, network design and optimization, data mapping, spend management, sourcing event management, pricing and contract management.
HGS will also provide packaging category management services, including executing strategic sourcing events for packaging categories, spearheading continuous improvement on existing items, and optimizing current supply networks.
“In HGS, we found a seasoned partner with strong industry expertise and a comprehensive suite of services and solutions that meet our supply chain needs,” said Greg Linford, VP, procurement & distribution at Denny’s. "Their mature and comprehensive supply chain solutions enhance our visibility across the supply chain and deliver improvements in our packaging categories."
Kohl’s Q1 profit tops forecast, misses on sales
Menomonee Falls, Wis. – Kohl’s Corp. exceeded Wall Street expectations for profit but missed analysts’ expectations with its sales and same-store sales performance during a mixed first quarter of fiscal 2015.
Net income climbed 2% to $127 million from $125 million in the year-earlier period, aided by improved expense management.
However, severe winter weather in the first part of the quarter helped limit net sales to $4.12 million, only 1% higher than $4.07 million recorded the prior year. Same-store sales grew 1.4%, also inhibited by poor weather.
"Sales were modestly below our original expectations for the quarter, but accelerated in the March/April combined period after a weak February,” said Kevin Mansell, chairman, CEO and president of Kohl’s. “We are very pleased with our earnings results, with a more balanced promotional calendar driving merchandise margin combined with strong expense control."
H&M expects 4,000 global stores, 400-plus U.S. stores by end of 2015
New York – Fast-fashion retailer H&M estimates that it will continue to expand annually at a rate of 10% to 15%, which would take the U.S. store count to more than 400 and the total store count to almost 4,000 stores by the end of the year.
During 2015, the Swedish retailer has thus far announced it will open 61 stores, including the Herald Square flagship in New York City, which will become the largest H&M in the world when it opens on May 20.
To help staff its new stores, H&M is launching a national recruiting campaign, called "Place of Possible.” The campaign will include national advertising across online, outdoor billboards, and in-store displays as well as a college tour featuring an H&M Airstream.
The advertising campaign spotlights 50 H&M employees with personal testimonies. The campaign is the result of interviews with H&M staff.