Gordmans profit rises 21% in Q4
Omaha, Neb. — Apparel and home décor retailer Gordman Stores reported Tuesday that net income for the quarter ended Jan. 28 rose 21.2% to $10.2 million, from $8.4 million in the year-ago period.
Sales increased 10% to $185.1 million. Same-store sales rose 2.1%.
Quiznos deploys Coupa software in India
San Mateo, Calif. — Coupa Software said Monday that sandwich chain Quiznos, India, will deploy its cloud spend optimization software service in the region.
Apollo Elixirs Pvt., Ltd., a master franchisee of Southern India, selected the Coupa for Retail e-procurement solution based on its ability to harness the stores’ collective spend intelligence and predict the future purchasing needs of each Quiznos location.
“When comparing the various e-procurement solutions, Coupa stood out among the competition,” said Mohit Mathur, CEO of Quiznos India. “Our team was impressed with Coupa’s intuitive interface and analytics. Our employees weren’t intimidated by the system. For them, it was as easy as going to an online site and shopping. With Coupa, we have centralized spend intelligence and can anticipate future inventory needs. This is key for any new retail organization wanting to scale operations.”
With the system, Apollo Elixirs gets centralized visibility into inventory orders and costs across all stores. Mathur and his team can make recommendations based on past order volume, thereby anticipating needs, avoiding running out of inventory and reducing shipping costs.
Apollo Elixirs first deployed Coupa in August 2011. Since then, it has deployed Coupa in all five of its new franchise locations. Ahead of the original schedule, Coupa will be deployed in 20 restaurants in India by the end of 2012.
Longtime Kroger exec to lead Delta division
Cincinnati — Kroger announced that Tim Brown now will be responsible for stores in western Tennessee, Kentucky, Mississippi, Arkansas, and Missouri, as president of the company’s Delta division.
Brown, 52, has been VP operations in the company’s Delta division, based in Roanoke, Va., since 2011. Before that, he served as the Mid-Atlantic division’s VP merchandising since 2009.