REAL ESTATE

Hammacher Schlemmer NYC store to get makeover

BY Marianne Wilson

New York — Hammacher Schlemmer iconic midtown Manhattan store will undergo an extensive floor-to-ceiling renovation. It will reopen May 16.

The renovation of Hammacher Schlemmer’s landmark store will include new lighting, more modern display cases, and a new floor consisting of solid stone and hardwoods. The new store layout will provide more square footage for customers to peruse the latest gadgets and problem-solving products.

Hammacher Schlemmer opened its doors in 1848 in New York City’s Bowery district, and quickly became renowned as the definitive, most complete source for hard-to-find hardware in the country, if not the world. When they moved in 1926 to their current location at 147 E. 57th Street they began selling more refined goods that solved problems or were the only ones of their kind. Throughout their history they have been the first to offer many items that are now ubiquitous, including the first pop-up toaster.

"Our store has been at its current location for 87 years and we are committed to maintaining the finest shopping experience for our customers," said Hammacher Schlemmer’s general manager Fred Berns.

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News

Tuesday Morning reports 2Q loss, names new COO

BY CSA STAFF

DALLAS —Tuesday Morning reported that for the second quarter, the company’s net sales increased 4.5% to $285.3 million, from $273.1 million in the second quarter of fiscal 2012.

The company reportd that its net loss for the quarter was $21.5 million, or 51 cents per share. The company reported net income of $15.9 million or 37 cents per share in the second quarter of fiscal 2012.

Brady Churches, president and CEO, stated, "We are pleased with our initial sales progress, which was driven by enthusiastic customer response across a range of seasonal merchandise and well-received deals during the second quarter. This does not, however, obscure the challenges ahead, which includes the need for a major revitalization across every facet of our operations. While the company has taken some positive first steps in this regard, including a difficult but necessary inventory write-down, much work remains to restore Tuesday Morning’s core value proposition."

Comparable-stores sales increased by 5.6% compared to the second quarter of fiscal 2012 and were comprised of a 5.3% increase in average ticket and a 0.3% increase in traffic.

Earlier the company announced that John Rossler as EVP, COO, effective immediately. Rossler has been serving as an executive advisor to Tuesday Morning since October, 2012, and his focus has been primarily on operational efficiencies, including overall cost control, supply chain and real estate. His distinguished career in retail includes serving as president and CEO of DSW Inc. and Retail Ventures Inc.

"John Rossler is precisely the operational expert we need to help execute Tuesday Morning’s revitalization," said Brady Churches, president and CEO of Tuesday Morning. "From store operations to supply chain to improved real estate strategies, the company will benefit from John’s relentless attention to detail and proven retail track record."

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OPERATIONS

Walgreens enters into partnership with SCIO Health Analytics

BY Staff Writer

Hartford, Conn. — SCIO Health Analytics, a health analytics services company, has entered into a relationship with Walgreens to help employers gain maximum return on investment through worksite health centers and wellness programs, identifying opportunities to improve workforce health while also reducing costs.

SCIO Health Analytics provides outcomes data and other measurement tools to worksite health centers managed by Walgreens Employer Solutions Group as part of the pilot program. Walgreens employer-based health centers offer a broad spectrum of services, including primary care, pharmacy, occupational health, fitness, nutrition, chronic condition management, physical therapy, infusion services, dental, vision and more.

While all services and worksite locations are tailored to meet the specific needs of each employer, the integration of advanced analytics tools will help Walgreens and its clients further develop custom strategies for health and wellness services, while also aiming to improve financial performance and increase productivity and employee satisfaction.

“Data and analytics are important tools that help demonstrate the value of our employer-based health and wellness offerings, from improved patient outcomes and overall savings, to also identifying needs for new or diversified services,” said Trent Riley, divisional VP for Walgreens Health and Wellness division. “Walgreens is committed to exploring new and innovative ways to integrate the latest technology to deliver valuable insights to our clients, while their employees get, stay and live well.”

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M.Doglous says:
Mar-22-2013 04:07 am

To promote the concepts of
To promote the concepts of health care and health analytic most of the health care organizations are liable to provide better health care opportunities to the victims through various health care opportunities and programs. Here we have found Walgreens make partnership with SCIO Health Analytics and we must sure to get better and advanced health care programs through this partnership. urgent care il

M.Doglous says:
Mar-22-2013 04:07 am

To promote the concepts of health care and health analytic most of the health care organizations are liable to provide better health care opportunities to the victims through various health care opportunities and programs. Here we have found Walgreens make partnership with SCIO Health Analytics and we must sure to get better and advanced health care programs through this partnership. urgent care il

K.Wilson says:
Mar-19-2013 11:22 am

NT uses well-known foods as
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K.Wilson says:
Mar-19-2013 11:22 am

NT uses well-known foods as well as recently discovered super-foods for their health-giving properties. Nutritional Therapist London - Childrens Eczema Treatment

J.Smith says:
Mar-09-2013 07:02 am

Great decision by SCIO Health
Great decision by SCIO Health Analytics that has entered into relationship with Walgreens to help employers so that they can get maximum benefits on health and wellness programs. Such initiative will help in development of better health strategies, reduce health care costs and increase employee satisfaction. As the healthcare costs are skyrocketing now a days and such type of programs will help employees who will get maximum return on their investment. Medifast promo codes

J.Smith says:
Mar-09-2013 07:02 am

Great decision by SCIO Health Analytics that has entered into relationship with Walgreens to help employers so that they can get maximum benefits on health and wellness programs. Such initiative will help in development of better health strategies, reduce health care costs and increase employee satisfaction. As the healthcare costs are skyrocketing now a days and such type of programs will help employees who will get maximum return on their investment. Medifast promo codes

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