Shoe Carnival Q4 profit slips; on track to open 30 stores in 2013
Evansville, Ind. — Shoe Carnival reported Monday that net earnings for the quarter ended Jan. 28 slipped to $3.2 million, compared with $3.3 million in the year-ago period.
Revenue rose 13.1% to $205.7 million from $181.9 million, and same-store sales edged up 0.5%.
For the full year, profit rose to $29.3 million from $26.4 million, sales increased 12.1% to $855 million, and same-store sales advanced 4.5%.
In fiscal 2013, the company said it expects to open 30 to 35 new stores, relocate seven stores and close five to seven stores.
Container Store selects Talend Data to automate processes
Los Altos, Calif. — Talend said Monday that The Container Store is deploying Talend Enterprise Data Integration to simplify, standardize and move data across multiple platforms.
With Talend, The Container Store now has cross-platform standardization, improved development times and automated processes that were previously done manually.
The Container Store was challenged by a home-grown solution that required a different skill set for each platform, as well as multiple developers to learn disparate languages in order to move data across multiple platforms. Working with different database platforms across the organization, along with its own servers, The Container Store needed to standardize and have common languages between applications to work more efficiently.
“We have found Talend’s solution to be a very intuitive tool that is conceptually appealing, and natively supports all our platforms,” said Viet Le, IS senior data analytics engineer at The Container Store. “Previously, the siloed nature of our data caused significant problems for our business — the biggest being difficulty in new development. With Talend, we have achieved a much simpler and faster development time. This has freed up our IT resources, since they no longer have to manually maintain our spreadsheets.”
Founding family to take American Greetings private
Cleveland — American Greetings Corp. said Monday that the founding Weiss family has reached a deal to acquire the gift cards and party goods company for about $878 million.
The transaction is expected to close in July, and “returns the company to private ownership in a way that we believe enables the company to continue to serve the interests of its customers, employees, suppliers and the communities in which it operates as it has for over a century," said Jeffrey Weiss, president and COO.