Thermal Printer Helps Two Retailers Cut Paper at POS
In a move to reduce the millions of rolls of receipt paper used enterprisewide each year, J Sainsbury plc and Home Hardware Stores Limited are adding a two-sided thermal receipt printer from NCR Corp., Dayton, Ohio.
St. Jacobs, Ontario-based hardware, lumber and building materials and furniture retailer Home Hardware is the first Canadian chain to deploy the technology. Meanwhile, London-based supermarket chain Sainsbury’s is the first European retailer to feature the double-sided receipts.
While both retailers were attracted to the new printer’s ability to customize promotional messages and improve operational efficiency and throughput at checkout, the printer, named 2ST, also minimizes environmental impact. The units are able to reduce receipt paper usage by 45%, and the speed of the printer cuts the electricity used to power the unit.
Sainsbury initially tested 25 units in its Maidenhead store. A successful pilot is pushing the chain to install the machines in all its new supermarkets.
Similarly, Home Hardware deployed 2ST as part of its migration from impact to thermal printing. “Upgrading to thermal printing has helped us to greatly minimize [energy] consumption by eliminating the need for ink cartridges and reducing paper use,” said John Rogez, director of retail applications, Home Hardware. “We are now exploring additional benefits of the two-sided capability, including customized, promotional messaging that alerts our customers to specials or directs them to featured items in specific departments.”
The move also upholds Home Hardware’s ongoing community and environmental focus.
Winn-Dixie team honored for turnaround
JACKSONVILLE, Fla. The team that lead Winn-Dixie Stores’ successful turnaround initiative is being honored by the Turnaround Management Association for the best ‘Mega Company Turnaround’ for 2007. Comprised of financial experts from The Blackstone Group, Skadden, Arps, Slate, Meagher & Flom and Smith Hulsey & Busey, the team helped Winn-Dixie regain the market share and profits it started to lose in the mid 1990s and early 2000s to competitors Publix and Wal-Mart.
Winn-Dixie filed for Chapter 11 bankruptcy in early 2005 after reporting year-to-date losses of $552.8 million or $3.93 per share of common stock and a decline of 4.9% in identical-store sales in its second fiscal quarter over the same period in 2004.
Despite the difficulty of achieving a succesful turnaround, Winn-Dixie began its reorganization effort, while still continuing to operate its core business and preserving jobs. According to the Turnaround Management Association, it created new common stock for five classes of unsecured creditors, with recoveries ranging from about 96% to 53%. The company emerged from bankruptcy on Nov. 21, 2006.
For its fiscal year ended June 27, Winn-Dixie reported adjusted EBITDA of $85.9 million compared to a loss of $27.8 million last year and an identical-store sales increase of 1.6%
Sears ends deal with maternity retailer
PHILADELPHIA Sears and Mothers Work, the world’s leading maternity apparel retailer, will not be renewing their agreement, Mothers Work announced today. Under their current agreement, Mothers Works operates the maternity apparel department in 502 Sears stores through the sale of its Two Hearts Maternity branded merchandise.
Mothers Work said it expects its partnership with Sears to end on June 20, 2008, when it current deal with the company is expected to expire.
Rebecca Matthias, president and ceo of Mothers Work, noted, “While we are disappointed about the end of our relationship with Sears, we feel the decision not to proceed with a renewal is in the best interest of our stockholders since we were unable to reach terms on a renewal which would be favorable for Mothers Work and our stockholders. “