RedPrairie acquires Escalate Retail
Atlanta — RedPrairie Corp., a productivity solutions provider, announced it has finalized the acquisition of Escalate Retail, a provider of all-channel commerce to specialty retailers, direct marketers and big-ticket retailers.
“With this acquisition, RedPrairie will be ideally positioned to manage both supply chain and retail activities, from the time a customer first makes contact with the retailer-no matter the channel, touch point, or device-all the way through to fulfillment,” says RedPrairie CEO Mike Mayoras. “Additionally, we have enhanced our ability to leverage our Workforce and Inventory Management solutions to help retailers optimize inventory and fulfillment processes regardless of where the order is in the supply chain.”
P&G helps Target customers keep their fitness resolutions
CINCINNATI, Ohio — Procter & Gamble and Target have teamed up to offer customers savings on a number of products designed to help them keep those fitness resolutions.
From Feb. 6 through March 16, Target guests can find in-store coupons on specially-marked Tide Plus Febreze Freshness Sport, Febreze Extreme SPORT Odor Eliminator and C9by Champion, Target’s exclusive active wear line.In addition, Target-exclusive coupons forTide Plus Febreze Freshness Sport and Febreze SPORT Extreme Odor Eliminator will befeatured in newspapers nationwide on Sunday, Feb. 13. Another coupon available atcheck-out with purchase, offers $4 off the combined purchase of C9 clothing and Tide Plus Febreze Freshness Sport. In total, these promotions represent a savings of up to $10.75.
Whirlpool sees Q4 income growth
BENTON HARBOR, Mich. — Whirlpool Corporation announced fourth-quarter net earnings of $171 million, or $2.19 per diluted share, compared with $95 million, or $1.24 per diluted share reported during the same period last year. Fourth-quarter adjusted diluted earnings per share totaled $2.11 compared with $1.67 in the prior year. Sales of $5 billion increased 4% from the fourth quarter of 2009.
Fourth-quarter operating profit totaled $202 million compared with $199 million in the prior year.
Full-year 2010 net earnings were $7.97 per diluted share compared with $4.34 per diluted share reported for 2009. Full-year 2010 adjusted diluted earnings per share totaled $9.65, compared to $5.01 in the prior year. The company reported annual net sales of $18.4 billion, an increase of 7% from the prior year. Excluding the impact of foreign currency translation, sales increased approximately 5% from the prior year.
"Delivering consumer-relevant innovations, managing costs and executing in the marketplace drove our improved performance in 2010," said Jeff M. Fettig, chairman and chief executive officer of Whirlpool Corporation. "We improved our operating margins and strengthened our financial position for the year – all indicators that our brand-value creation strategy is working.
"As we enter 2011, we remain focused on delivering higher margin innovations, realizing significant cost productivity, and achieving profitable growth driven by some recovery in demand in the developed economies and by continued strong growth in many emerging markets. In 2011, we expect to expand our operating margins despite significant global inflation and generate good levels of free cash flow and further strengthen our financial position."