Luxottica Group goes live with JDA solution
Bracknell,England —JDA Software Group announced that eyewear manufacturer/marketer Luxottica Group SpA has gone live with its implementation of JDA Supply Chain Planner, from the JDA Manufacturing Planning.
The JDA solution, which will integrate with Luxottica’s existing ERP systems, will enable the company to increase its supply chain responsiveness to meet highly seasonal and fragmented demand for its fast-shifting product mix.
With sales of €7.3 billion in 2013 and a presence in 130 countries, comprised of 50 commercial subsidiaries and 7,000 stores, Luxottica is a leader in the design, manufacture, distribution and sale of premium, luxury and sports eyewear. The company owns brands such as Ray-Ban, Oakley and Persol, and also licenses products to designers like Armani, Burberry, Chanel, Dolce&Gabbana and Prada.
“Our production processes are heavily influenced by geography, seasonality and the need to produce both fast shift and carry over products. As a fast-moving global business, it is imperative that we have a highly-responsive supply chain,” said Enrico Mistron, supply chain director, Luxottica Group. “We chose JDA as it proved to offer the best solution to support our supply chain transformation plans. In addition, the technical architecture consultancy and solution quality assurance provided by JDA’s Services team ensured this project was completed on time, and within budget.”
Best Buy opening earlier on Thanksgiving
The dishes from Thanksgiving dinner will barely be dry when Best Buy stores open at 5 p.m. on Thursday, Nov. 28, to treat shoppers to an early wave of doorbuster deals.
The 5 p.m. Thanksgiving Day opening puts Best Buy an hour ahead of most other retailers who plan to open on Thanksgiving Day at 6 p.m. Best Buy said more than 1,000 of its stores would open at 5 p.m. to give shoppers an early chance to take advantage of Black Friday deals and some stores are already seeing lines form. Stores will remain open until 1 a.m. Friday, close briefly and then reopen at 8 a.m. Friday. Store hours return to a more normal schedule during the weekend, opening at 9 a.m. and closing at 10 p.m. on Saturday and opening at 11 a.m. and closing at 8 p.m. on Sunday.
“While we recognize the decision to open on Thanksgiving affects Best Buy employees, customers have made it clear that many of them want to begin shopping on Thanksgiving evening,” Best Buy noted in a statement. “In recent years, millions of Americans have shopped on Thanksgiving, and our store associates are excited and prepared to help customers fulfill their holiday wish lists. Most Thanksgiving evening shifts are filled by employees who volunteer to work. All hourly store employees who work on Thanksgiving will, of course, receive holiday pay.”
Best Buy’s doorbuster specials will be offered in two waves with the first round available at 5 p.m. Thanksgiving Day and a second set at 8 a.m. Black Friday. To complement the in-store offerings, BestBuy.com will feature online only deals all day on Thanksgiving with additional offers on Friday.
Among some of the items Best Buy is featuring this year are a Samsung 55 inch LED Ultra HD Smart TV for $899.99 and a Panasonic 50” LED 1080p HDTV for $199.99. A $100 discount on all iPad Air 2 models, $90 off Beats Solo headphones and a $50 discount on GoPro Hero 3+ Silver cameras are other top discounts.
Moody’s forecasts 4- to 5% sales increase in 2015
New York —The outlook for the U.S. retail industry in 2015 is stable, according to a new report by Moody’s Investor Service, which forecasts that retail sales will grow 3- to 4% in 2014, and 4- to 5% in 2015.
The report, Moody’s U.S. Retail Industry Outlook, also finds that traditional brick-and-mortar retailers will be formidable competitors to pure-play online merchants.
“Best Buy’s and Walmart’s online sales grew nearly 30% year-over-year, indicating that well-run retailers can easily grow at rates around 20% once they develop certain base level capabilities such as in-store pick-up and ship-from store,” the report states. “Some brick-and-mortar retailers are already using their physical locations as a powerful weapon in the race for faster delivery times.”
Moody’s sales outlook is based on Moody’s Macroeconomic Board’s forecast for U.S. GDP growth of 1.5% to 1.5% in 2014, and 2.5% to 3.5% in 2015.
The report finds that performance by retail category will be mixed. Home improvement, drug stores and auto retailers will bolster growth, and apparel and footwear retailers will outperform in 2015.
Moody’s expects online sales, which average about 5% of total sales, to remain the fastest growing segment of the retail industry.
The report describes economic fundamentals as mixed, with solid gains in household wealth on the back of stronger equity and housing markets a clear positive. However, it notes that the distribution of wealth is very skewed and doesn’t help lower income consumers, who remain pressured.
“As long as disposable income remains depresed, underemployment persists and wate growth remains weak, it is difficult to see what catalysts will drive consumer spending higher,” the report states.
In another findings, Moody’s does not expect retailers hit by data breaches to experience any material financial fallout.