Media Markt deploys ESLs in Netherlands
Ingolstadt, Germany — Media Markt – Saturn Holding Netherlands, the Netherlands subsidiary of German electronics retailer Media Markt, has deployed Pricer ESLs in all 45 stores in the Netherlands. This investment in electronic shelf label (ESL) technology is part of Media Markt – Saturn Holding Netherlands’ omni-channel concept, which is based on an active and flexible pricing policy, and on having matching sales prices at any time in the company’s brick-and-mortar stores and its online shops.
With dynamic pricing, Media Markt – Saturn Holding Netherlands stores are now centrally updating prices so that they are consistent on every sales channel. Customers will be offered the best price wherever they shop. After conducting a thorough market review, Media Markt – Saturn Holding Netherlands made the decision to deploy Pricer ESLs with their implementation partner, Wincor Nixdorf.
“The ability to respond daily to price changes, is an important part of our multichannel strategy,” said Gordon Scholz, CEO of Media Markt – Saturn Holding Netherlands. From this point of view, conventional paper-based price tags on shelves prove to be too expensive, too time-consuming and too inflexible.
New VP of health care appointed at Sam’s Club
Sam’s Club has named David Badeen as VP health care. Badeen will be responsible for pharmacy, OTC, optical and hearing centers, as well as third party contracting and pricing. In this new role, he will report directly to Jill Turner-Mitchael, SVP health and wellness.
Badeen started his Walmart career in 1985 as a pharmacy manager before moving to Bentonville in 1993 to serve as director of automated systems. He has held leadership roles within the company’s operations, new business development and merchandising and managed care divisions, as well as time working with the Sam’s Club Pharmacy Team.
The company also announced other changes in the division. George Agnacian, VP of consumables, will be responsible for HBA, tabletops/bags, pets, laundry and home care, baby care, restaurant supplies, paper and commercial cleaning.
Nordstrom’s net income slips in Q4; plans 31 new stores
Seattle – Holiday markdowns and costs associated with growing its Nordstrom Rack outlet brand and planned entry into Canada had a negative impact on net earnings at Nordstrom Inc. during fourth quarter 2013. Fourth quarter net earnings slipped 6% compared to the same quarter the prior year, to $268 million from $284 million.
Net earnings for the full fiscal year remained almost flat, slightly rising to $735 million from $734 million. Both earnings figures fell short of Wall Street expectations.
Nordstrom did better with its net sales results. For the quarter, net sales rose slightly to $3.61 billion from $3.59 billion, and for the year grew 3% to $12.16 billion from $11.76 billion. Same-store sales grew 2.2% during the quarter and 2.3% during the fiscal year. For fiscal 2014, Nordstrom expects total sales to grow 5.5 to 7.5% and same-store sales to rise 2 to 4%. For the first quarter, total sales are expected to rise 3.5 to 5.5%.
Looking ahead, Nordstrom plans to open 28 Nordstrom Rack stores and three full-line Nordstrom stores during fiscal 2014. In addition, the company expects its planned entry into Canada to continue to be dilutive to earnings, primarily due to ongoing infrastructure investments and pre-opening costs. The estimated loss before interest and taxes for Canada is expected to be approximately $35 million in fiscal 2014, compared with a loss before interest and taxes of $14 million in fiscal 2013. This outlook also incorporates Nordstrom Rack’s accelerated store expansion and increased technology investments to improve service and experience across all channels.