Shoe Carnival, Five Below select Ecova for utility expense, data management services
Spokane, Wash. — Ecova, a total energy and sustainability management company, has been selected by specialty retailers Shoe Carnival and Five Below to provide utility expense and data management services. Ecova will assist the chains in monitoring, understanding and reducing energy across their portfolios.
Ecova’s utility expense and date management solution will help Shoe Carnival better understand its energy consumption and spending to provide actionable insights across its 370 locations. Ecova will leverage utility data to help the retailer reduce energy use and build a foundation for driving additional improvements.
“As Shoe Carnival continues to expand across the country and develop in every kind of climate this nation offers, gaining accurate and reliable data is critical for our operational efficiency,” said Tim Baker, executive VP store operations, Shoe Carnival. “Ecova’s utility expense and data management service will help us better track, monitor, and understand our energy use.”
Five Below has implemented Ecova’s utility expense and data management solution with a focus on cost and energy savings. Ecova will leverage its “Big Data Warehouse,” which contains over 2.5 billion points of energy data from more than 700,000 facilities, to help the retailer gain a better understanding of its energy consumption and spending to improve performance across its 250 stores.
Lowe’s purchase of Orchard Supply moves forward
Mooresville, N.C. — The Aug. 9 deadline for additional bids on the proposed purchase of Orchard Supply Hardware by Lowe’s Companies Inc. has passed with no activity. This means Lowe’s can move ahead with plans to acquire the majority of assets of Orchard Supply Hardware, including 72 stores, for approximately $205 million in cash, plus the assumption of payables owed to nearly all of Orchard’s supplier partners, first announced June 17.
The transaction will be presented to the Bankruptcy Court for approval on Aug. 20, and Lowe’s anticipates completing the acquisition by the end of August.
Lowe’s plans to have Orchard operate as a separate, standalone business, retaining its brand under the leadership of Orchard’s current management team. Lowe’s plans to acquire the locations most complementary to its current strategy and store footprint.
“We are very pleased to be moving forward with the acquisition process,” said Robert A. Niblock, chairman, president and CEO of Lowe’s. “Strategically, the transaction will provide Lowe’s with an attractive opportunity to increase our store footprint in California, where we are currently underpenetrated, through a neighborhood store format that is complementary to our strengths in big-box retail. Orchard’s hardware and garden stores have a loyal customer base and are situated in high-density, prime locations that are difficult for larger format retailers to enter.”
Niblock added that the company sees significant potential for Orchard as a standalone business within Lowe’s portfolio.
Report: American Apparel ditches handheld readers in favor of RFID
Los Angeles – American Apparel is automating in-store inventory tracking processes with a wide-area RFID, eliminating the need for handheld readers. As reported by RFID 24-7, following a six-month pilot, American Apparel has deployed an automated inventory system using fixed RFID antennae mounted in ceiling track lights at all locations in North America.
The solution uses Seintron inventory visibility technology and Impinj Speedway readers, antenna hubs and GrandPrix RFID platform. On a continual basis, the system transmits data from RFID inventory tags with Impinj Monza chips to a database providing real-time RFID coverage across the store. Ninety-eight percent of items in the store are tagged.
Reported benefits from the use of RFID to automate in-store inventory management include improvements in inventory accuracy, on-shelf availability, security, and the ability to locate merchandise. In addition, combining inventory visibility with POS data American Apparel can improve analytics of its merchandising performance and elimination of previously manual cycle counts provides store associates and managers with more time to perform customer-facing tasks.