SUPPLY CHAIN

Orvis selects MID Retail for merchandise allocation

BY Katherine Boccaccio

Indianapolis — MID Retail Inc. said Tuesday that Orvis Co. has selected its Advanced Allocation software to manage the flow of merchandise to Orvis retail stores.

“MID Retail’s Advanced Allocation software will help keep us ‘in-stock’ on the items our customers want,” said Julie Cheney, director of planning and allocation for Orvis. “The MID solution enables us to accurately control our inventory position while improving customer satisfaction.”

The solution will facilitate a reduction in excess merchandise stocked at stores, resulting in fewer markdowns, reduced inventory carrying costs and improved profitability. Fully automated workflows enable retailers to maintain ideal store inventory levels with minimal manual intervention from their planning and allocation teams.

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FINANCE

Cache loss widens in Q3

BY Katherine Boccaccio

New York — Cache reported Tuesday a loss of $6.4 million for the quarter ended Sept. 29, widened from a loss of $1.8 million in the year-ago period.

Sales dropped 5.9% to $45.8 million, and same-store sales declined 2.9%.

The retailer is currently on a hunt for a new president.

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OPERATIONS

Neiman Marcus to launch international shipping for e-commerce customers

BY Katherine Boccaccio

Dallas — Neiman Marcus Group said Tuesday it has launched international shipping and payment options for online sales via a relationship with global e-commerce expansion platform FiftyOne Global Ecommerce.

The move will allow Neiman, which has only a domestic bricks-and-mortar presence, to expand its online reach to 100+ countries. It kicks off with a promotional flat-rate shipping offer on all international purchases through Dec. 10.

FiftyOne will deliver the international shipping features, including the detection of a shopper’s country of residence to convert U.S. dollar prices into the local currency as well as calculating sales taxes and customs duties.

FiftyOne also handles customs paperwork.

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S.Jhon says:
Dec-07-2012 01:48 pm

Reviews
BitCart multi vendor shopping cart software solutions give freedom to store owners so they can keep everything in budget and control for store administration.Multiple Shopping Carts | Shopping Cart Software

S.Jhon says:
Dec-07-2012 01:48 pm

BitCart multi vendor shopping cart software solutions give freedom to store owners so they can keep everything in budget and control for store administration.Multiple Shopping Carts | Shopping Cart Software

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

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