Family Dollar goes live TradeStone’s merchandise lifestyle management solution
Gloucester, Mass. — TradeStone Software announced that Family Dollar Stores has gone live with TradeStone’s Collaborative Sourcing and Supplier Community Management solutions. The implementation was done in only 100 days.
“In my years at Family Dollar, I don’t know of an application that’s been up as fast as we got TradeStone up and running," said Scott Zucker, VP IT solutions, Family Dollar Stores, Matthews, N.C.
Family Dollar is in an aggressive growth phase and global sourcing is one of its top strategic initiatives. The discounter has also opened two overseas offices and having a system in place to manage sourcing, in a short time frame, was critical.
— The TradeStone solutions enabled Family Dollar to increase collaboration, not only internally among users with the additional visibility, but within their supplier community as well.
The application has helped Family Dollar drive to a higher level of information, product specifications and objectives with their expanding supplier base.
— Family Dollar was able to use TradeStone’s standardized integration templates to layer and leverage their existing technology investments including Oracle, SAP and Retek without having to go through a "rip and replace" effort.
PriceSmart same-store sales up; opens 29th club
San Diego — PriceSmart’s same-store sales rose 17.7% in August. Total revenue for the five weeks ended Sept. 4 climbed 21.5% to $148.3 million.
PriceSmart also announced that on August 19, 2011 opened its first warehouse club in Colombia. This warehouse club, located in Barranquilla, brings to 29 the total number of warehouse clubs in operation by the company.
PriceSmart, based in San Diego, had 29 warehouse clubs at August’s end. The company runs membership warehouse clubs in Central America and the Caribbean.
Men’s Wearhouse Q2 profit up 33%, looks to open 110 stores in next five years
Houston — Increased sales across its brands helped drive The Men’s Wearhouse’s second-quarter net income up nearly 33%, beating estimates.
The retailer earned $57.1 million for the fiscal quarter that ended July 30, up from $43 million in the same quarter last year.
Revenue increased 22% to $655.5 million. Men’s Wearhouse said its purchase in 2010 of two British uniform and work-wear companies helped drive business.
On its quarterly conference call, the company said that, in light of its positive results over the past two years, it has reassessed its domestic store penetration and now believes an expansion of its traditional Men’s Wearhouse store base by approximately 18% from 591 stores to 700 stores is appropriate during the next 5 years.
The company also said its big and tall business is up 20% year-to-year, growing significantly faster than its regular size business, which is up 12%.
On the same call, Men’s Wearhouse said its Web sales are up 127% year-to-date, and that it is continuing to make significant investments in both systems and people to position itself for even more meaningful growth in the channel.