Overstock.com CEO takes leave of absence
Salt Lake City — Overstock.com said Tuesday that chairman and CEO Patrick Byrne will take a leave of absence for medical reasons. Company president Jonathan Johnson will assume Byrne’s CEO duties during the leave, although Byrne will remain chairman of the board.
Byrne, in recent years, had undergone various procedures regarding cardiac issues that may stem from his earlier episodes of cancer, and his leave of absence is associated with these cardiac issues.
Puma walks sustainable path with new shoe
BOSTON— Puma has launchedInCycle, the brand’s first closed-loop collection of footwear, apparel and accessories, all of which have earned the "Cradle to Cradle Certified[CM] Basic" certification. Puma’s InCycle products are entirely biodegradable or recyclable. This product introduction is another important step in PUMA’s mission to become the most sustainable and desirable Sportlifestyle company.
"Puma’s Cradle to Cradle Certified[CM] Basic InCycle products represent a tremendous step forward in reducing our environmental footprint and giving consumers a more sustainable product choice. The InCycle Basket and Basket Tee Biodegradable have been analyzed as part of PUMA’s first Product Environmental Profit and Loss Account published in October 2012 and the results speak for themselves, showing that these two products impacted the environment by a third less than their conventional counterparts" said Reiner Hengstmann, global director of Puma Safe.
Puma collaborated with EPEA, to develop the collection, whose mission it is to help companies fulfill the Cradle to Cradle Products Innovation Institute’s criteria for the design of ecologically and intelligently designed products. All products in the InCycle collection have been certified by the Cradle to Cradle Products Innovation Institute, whose mission is to provide a continuous improvement quality program to guide product manufacturers and designers in making safe and healthy products for our world. Cradle to Cradle has created a rigorous certification program that rates products against five sustainability factors: 1) the use of environmentally safe and healthy materials; 2) design for material reutilization including recycling and composting; 3) renewable energy and management of carbon; 4) water stewardship; and 5) social fairness.
"We are delighted to have Puma, such a powerful global brand, showing consumers and industry peers exactly what is possible through the adoption of the Cradle to Cradle Certified Products Program," said Bridgett Luther, president of the Cradle to Cradle Products Innovation Institute. "Puma’s InCycle Collection raises the bar on what consumers can expect and what the apparel and textiles industries can deliver: products that are not only a delight to use and wear and but are also designed from the start to have a positive environmental footprint as they biodegrade safely to soil and are returned to industry as a valuable resource."
The Puma InCycle collection can be broken down using one of two processes: the technical cycle or the biological cycle. Materials within the biological cycle can be broken down by microorganisms into biological nutrients and will go back into the earth, thus making them biodegradable. Materials found within the technical cycle – such as metals, textiles, and plastics – can then be used to create new products.
Revionics enhances merchandising offerings with Supply Nexus
ROSEVILLE, Calif.–Revionics a leading provider of end-to-end merchandise optimization solutions, has entered into a channel partnership agreement with Supply Nexus, a solutions provider specializing in the design and implementation of multichannel distribution and supply chain management solutions. This channel partnership will offer the Spain and Portugal retail markets Revionics end-to-end merchandise optimization solutions.
“As we continue our global expansion, we are very proud to partner with Supply Nexus as they have a proven track record of helping multi-channel retailers adopt and implement innovative software solutions that help them gain a competitive advantage, increase profits and improve customer loyalty,” stated Marc Hafner, president and CEO of Revionics.
As a certified channel partner for Revionics, Supply Nexus will sell and deploy Revionics’ end-to-end merchandise optimization suite of solutions.
“Revionics’ unique approach with their retail customers matched our approach – to become a true strategic partner with our customers and ensure they become as successful as possible,” said José Luis Rodríguez Gonzalo, managing partner and founder of Supply Nexus. “Revionics’ proven end-to-end merchandise solutions will enable our customers to establish a clear competitive advantage by integrating shopper-centricity and localization into their strategies, enabling them to become more responsive across all channels and touch points.”