FINANCE

Express Q3 same-store sales down 5%

BY Staff Writer

Columbus, Ohio — Express Inc. reported that its net income for the quarter ended Oct. 27 fell to $17.4 million, from $32.7 million a year earlier, amid a fall in same-store sales.

Net sales fell 4% to $468.5 million. Same-store sales declined 5%.

Express chairman and CEO, Michael A. Weiss, said: “The third quarter was a very challenging one for our company. However, we believe we have identified the issues impacting our performance and have developed, and begun to execute, a plan to fix them. To that end, we re-balanced our sweater assortment, introduced entry price point fashion items in key categories, and began to set and communicate clearer pricing and promotional strategies for our customers. We believe that these actions will position us well for the future.”

Express expects to open eight stores in the fourth quarter, including five stores in the United States and three stores in Canada, to end the quarter with 625 locations and approximately 5.4 million gross square feet in operation.

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SUPPLY CHAIN

Toys ‘R’ Us opens new distribution center in Canada

BY Staff Writer

Toronto — To better accommodate its customers in Western Canada, Toys “R” Us has partnered with SCI Logistics to open a new distribution center in Delta, British Columbia. The 180,000-sq.-ft. facility is strategically positioned to receive goods from overseas and domestic manufacturers who can now ship directly to British Columbia for distribution to local Toys “R” Us and Babies “R” Us stores.

“The new west coast distribution center provides us with the additional capacity and flexibility to service our customers and distribution needs in Western Canada,” said Krista Collinson, VP logistics, e-commerce & business development, Toys “R” Us, Canada.

SCI outfitted the new facility to include cross-docking, transload, order fulfillment and store replenishment capabilities, with the use of a fully automated sortation system that scales to support the large seasonal swings of the retail business. The new center adapts quickly to changing volume patterns, while achieving very high performance levels.

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D.Brisbane says:
Feb-27-2013 08:27 pm

My daughter wanted very much
My daughter wanted very much baby bloomers but I could not find the ones she liked in a lot of shops, hopefully the opening of the new distribution center for Toys “R” Us and Babies “R” US stores will change the situation.

D.Brisbane says:
Feb-27-2013 08:27 pm

My daughter wanted very much baby bloomers but I could not find the ones she liked in a lot of shops, hopefully the opening of the new distribution center for Toys “R” Us and Babies “R” US stores will change the situation.

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News

OfficeMax exec appointed to Chicagoland Chamber of Commerce board

BY CSA STAFF

CHICAGO — OfficeMax EVP and president of OfficeMax Workplace John Kenning has been appointed to the board of the Chicagoland Chamber of Commerce.

The appointment comes just seven months after Kenning joined OfficeMax to lead the retailer’s contract division that was renamed OfficeMax Marketplace earlier this month.

"I’m honored to join with my peers to advance the Chicagoland Chamber’s objectives of helping area businesses to grow and promoting the economic development of the region," said Kenning. "At OfficeMax, we believe in the extraordinary value of building relationships with other businesses and the success that can be achieved through collaboration. Our company has long been dedicated to the growth and success of Chicago, and it is my privilege to work with the Chamber Board as an advocate for creating a community of innovation and opportunity throughout the Chicagoland area."

The Chicagoland Chamber of Commerce, founded in 1904, is the largest chamber of commerce in Illinois and one of the largest in the nation. It boasts 2,600 members, representing over 1.3 million individual employees in the six-county Northeastern Illinois region.

"I’m pleased to welcome John as one of the newest members of the Chicagoland Chamber of Commerce Board of Directors," said Chicagoland Chamber of Commerce chairman of the board and Charter One and RBS Citizens, Illinois and Michigan president Scott C. Swanson. "By pooling resources to serve as the ‘Voice of Business’ for the greater Chicago area, the Chicagoland Chamber strives to make ours the most business-friendly region in the country by engaging in aggressive public policy and economic development initiatives, creating meaningful events and programs, and connecting our members to each other and the community. As Chairman of the Board, it’s an honor to work with our community’s extraordinary leadership and talented staff to implement strategic initiatives for the betterment of our region. We welcome John to the table, and I look forward to working with him in the months to come."

OfficeMax has a strong presence in the Chicagoland area, serving local businesses and consumers through an integrated sales and customer service team. It has more than 40 stores and two distribution facilities in the immediate region. OfficeMax multi-national headquarters are also located in Naperville. OfficeMax is involved in the community through various activities that include being the title sponsor for the upcoming Hockey City Classic in Feb. 2013.

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