Exclusive: Impact of Hurricane Sandy on Retail Supply Chains
New York — Hurricane Sandy is likely to result in shipping delays and an increase in third-party carrier rates due to fuel shortages, according to Chris Merritt, VP/GM, retail supply chain solutions for Ryder.
"While most retailers should have enough inventory for their regular replenishment items, we expect to see out-of-stock situations up and down the East Coast for promotional items retailers have ordered and advertised for Black Friday," Merritt said.
For an update by Merritt on the impact of the hurricane on retail supply chains, click here.
Meijer offers toy discounts for holiday season
GRAND RAPIDS, Mich. — Meijer is offering discounts on more than 400 toys at stores and online in anticipation of the holiday season as many customers are likely to want to keep prices down, the Midwestern mass-merchandise chain said Thursday.
The chain also plans to release a holiday gift guide that includes 18 pages of toys and an online release of its list of its top 25 toys. The toy discounts include toys in “virtually every” category, ranging from action figures to educational toys.
“Meijer understands that our customers are continuing to keep a close eye on price tags this holiday season, which is why we’re once again offering price drops on a variety of the hottest toys,” Meijer toy merchandising manager Adam Whitney said.
OfficeMax has new name for U.S. contract business
NAPERVILLE, Ill — OfficeMax’s business-to-business division is getting a new name to go along with its new strategy of serving a wide range of customers with tailored solutions.
OfficeMax’s U.S. contract business will now be known as OfficeMax Workplace. The business will provide product and service solutions including office supplies, interiors and furniture, print and document services, facility products and services, and technology.
"I am pleased with the progress our U.S. contract business has made throughout the course of the last 18 months," said Ravi Saligram, president and CEO of OfficeMax. "The new name and identity of OfficeMax Workplace is a strong affirmation of its rightful place within our portfolio of businesses."