Lululemon Q4 profit up 34.2%; same-store sales jump 26%
New York — Lululemon Athletica Inc.’s income rose 34.2% to $73.5 million for the three months ended Jan. 29, from $54.8 million in the year ago period.
Revenue in the fourth quarter was up 51.4% to $371.5 million, from $245.4 million. Same-store sales increased 26%.
For the year, sales rose 40.6% to $1 billion. Profits were up 51.1% to $184.1 million.
The Container Store deploys Lucas Systems’ voice-picking solution in Dallas-area DC
Pittsburgh — Lucas Systems, a provider of voice directed warehouse applications, announced that The Container Store has installed Jennifer VoicePlus for voice picking in the retailer’s Dallas- area, 1.1 million-sq.-ft. distribution center.
Distribution Center employees who work with Jennifer every day had a big part in selecting our voice system. As a company, it is very important that any new technology we install be something that is going to make life better for our employees, in addition to the company, our stores, and customers,” said Christy Parra, logistics systems director, The Container Store.
According to Parra, employees at the distribution facility preferred Jennifer’s human voice, the easy, five-minute voice training process, and the rich voice-enabled help functions.
“We also liked the ability to tailor what the user hears, not just for ease of use and efficiency, but also to keep things fun and interesting,” Parra said. “Since installing Jennifer in September, we’ve seen steady increases in picking productivity, in addition to a sharp reduction in training time for new employees.”
The Jennifer VoicePlus application integrates with The Container Store’s Catalyst warehouse management system and supports order picking for both direct-to-consumer fulfillment, as well as for store replenishment. It includes the flexibility to use speech recognition and barcode scanning interchangeably using a standard multi-modal mobile computer (the lightweight Motorola MC3190).
In addition to voice picking, Jennifer’s Engage Management Services Console gives DC supervisors increased visibility into real-time operational information and the tools they need to effectively plan and manage their work making their work easier and more efficient.
Apple tops Fortune’s most admired list
NEW YORK — Fortune has released its 2012 list of the most admired companies, and it should come as no surprise that Apple topped the list. Even with the passing of Steve Jobs, the company didn’t miss a beat delivering products that are still in high demand, increasing sales and delivering soaring profits for its investors.
Also on the list were a number of retailers including third-ranked Amazon.com, 20th-ranked Costco Wholesale, 24th-ranked Wal-Mart Stores, 25th-ranked Target, 28th-ranked Whole Foods Market and 41st ranked eBay.
Fortune conducted the survey in 2011 among top executives, directors and securities analysts in 58 industries. Companies were selected based on such criteria as financial soundness, long-term investment value, people management, social responsibility, use of assets, quality of management, quality of products and services, and innovation and competitiveness.
The full list of 358 companies, and their rankings, can be viewed here.