REAL ESTATE

Saks to open Off 5th in Atlanta

BY Staff Writer

New York — Saks Fifth Avenue Off 5th announced that it plans to open a new store in Atlanta, Georgia on July 18.

The 28,000-sq.-ft. store will be located in the Outlet Shoppes at Atlanta at Woodstock.

The store will be the third Saks Fifth Avenue Off 5th in metropolitan Atlanta, but will be the first store to be modeled after the company’s “luxury-in-a-loft” store design, which highlights the merchandise and facilitates easy shopping.

The modern and uncluttered layout includes an open floor plan, moveable fixtures and bright lighting.

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FINANCE

Tuesday Morning Q4 sales up 2.9%

BY Staff Writer

Dallas — Tuesday Morning Corp. reported that its fiscal fourth-quarter revenue rose 2.9% to $202.1 million. Same-store sales for the period ended June 30 increased 4.6%.

The discounter Tuesday Morning Corp. said traffic climbed 6.2%. The average receipt fell 1.6%.

The retailer’s full-year revenue was up 3% to $838.3 million from $812.8 million. Same-store sales rose 3.9%.

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News

Grupo Cortefiel supports growth with PLM technology

BY Dan Berthiaume

Madrid, Spain – Spanish apparel retailer Grupo Cortefiel is supporting growth across multiple fast-moving product categories and Springfield, Cortefiel, women’secret and Pedro el Hierro retail brands using product lifecycle management (PLM) technology from Centric Software Inc. Grupo Cortefiel will deploy the Centric PLM suite to users in its costing, design, product development and product management departments.

The retailer will embed industry best practices and data models into the core PLM solution and use the agile development implementation model, where multiple teams simultaneously develop different areas of the technology, to speed up rollout time. Users will apply Centric technology to low-value, high-error tasks, with the goal of reducing lead times and errors and improving product quality.

“The greater functionality and access that Centric 8 affords will support Grupo Cortefiel’s multi-brand growth strategy and position as one of the strongest leaders in the European fashion market,” said Enrique Martin Mendez, CIO of Grupo Cortefiel.

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