REAL ESTATE

Old Navy to enter Philippines

BY Marianne Wilson

San Francisco — Gap Inc. will open its first franchise-operated Old Navy stores in the Philippines in 2014. Earlier this year, the company announced that it would begin franchising Old Navy stores internationally.

Gap will partner with Stores Specialists, which operates Gap brand and Banana Republic stores in-market, to open two Old Navy locations in the beginning of 2014 with plans to open additional stores by the end of the same fiscal year.

“With a steadily growing retail market, the Philippines represents a great opportunity for Old Navy and an important step in the brand’s international expansion,” said Sonia Syngal, senior VP of Old Navy International.

Old Navy currently operates over 1,000 stores in the U.S., Canada, and Japan, and recently announced plans to open stores in China in the first half of 2014.

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SUPPLY CHAIN

Urban Outfitters an early adopter of FineLine’s new analytical reporting tool

BY Marianne Wilson

Atlanta — FineLine Technologies Inc. is initializing the rollout of FastTrak Analytics, a web-based solution that provides detailed visibility into variable ticketing supply lead times, with Urban Outfitters among the early adopters of the new analytical reporting tool.

“FineLine understands our supply chain and is the first supplier to provide us with real-time reporting for both shipping and received-at-vendor performance metrics. This real-time information helps us to better manage our ticketing supply chain,” said Jay Hallett, vendor relations manager, at Urban Outfitters, a leading specialty store retailer of women’s and men’s fashion apparel, footwear and accessories.

FastTrak Analytics is the newest addition to the FastTrak platform, an Internet-based solution for order processing, tracking and management of the ticketing function. The analytical reporting tool will provide FineLine’s base of 200 brand name retail customers with three core reports:

  • Order turnaround time — average time between receipt of an order by FineLine and shipment of tickets.
  • Order received time — average time between receipt of an order by FineLine and delivery of tickets to vendors.
  • Orders shipped to country — average time between receipt of an order by FineLine and delivery of tickets to vendors in a specific country.
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OPERATIONS

Report: Kroger cutting spousal health insurance

BY Marianne Wilson

New York — The Kroger Co. will stop providing health insurance benefits for spouses on January 1, 2014, according to a recent agreement with several unions, Indiana Public Media reported.

The report cited John Elliott, the spokesperson for Kroger’s Central Division in Indianapolis, who said Kroger’s new insurance policy is more generous than what is required by the Affordable Care Act. Under the agreement, Kroger will provide what Elliott called a more stable pension fund, various pay increases, and health insurance benefits for part-time workers who work as few as 20 hours per week.

According to Elliott, while the Affordable Care Act played a role in Kroger’s decision, the real reason for the change in policy was the increasing cost of health care in the United States.

Click here to read the full article.

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