Tractor Supply Q4 profit up
Brentwood, Tenn. — Tractor Supply Co. reported that net income for the quarter was $79.5 million, compared with net income of $70.5 million in the fourth quarter of the prior year.
Net sales for the fourth quarter increased to $1.29 billion, or 3.7% over the prior year’s 14-week period.
Same-store sales increased 4.7%, compared with a strong 7.6% increase in the prior-year period.
The company opened 25 new stores in fourth quarter 2012, compared with 31 new store openings in the prior year’s fourth quarter.
For the full year, the company reported that net sales increased to $4.66 billion, or 10.2% over the prior year’s 53-week period. Same-store sales increased 5.3%, compared with an 8.2% increase in fiscal 2011.
For fiscal 2012, net income was $276.5 million, compared with net income of $222.7 million for fiscal 2011.
The company opened 93 stores and closed two stores during fiscal 2012 compared to 85 new store openings and one store closure during fiscal 2011.
Lids to operate temporary Super Bowl stores in New Orleans
Indianapolis — Lids Sports Group and the National Football League announced Thursday that Lids will manage multiple retail locations in New Orleans, in addition to operating the principal NFL Shop at Super Bowl Presented by Visa.
The temporary stores are located within the French Quarter, Riverwalk, and local NFL host hotels as a means to offer Super Bowl spectators alternate sites to purchase official fan gear prior to the NFL season’s championship game.
Each temporary store will incorporate many of the interactive elements found at the 30,000-sq.-ft. retail component of the NFL Experience Driven by GMC, to include a Tervis Tumbler tailgate toss area and Fathead photo booth with a coinciding daily Twitter photo contest.
The NFL Shop at Super Bowl Presented by Lids locations are open through Monday, Feb. 4.
Men’s Wearhouse extends DeSL PLM into full supply chain solution
New York — Supply chain solution-provider DeSL said Thursday that Men’s Warehouse is embarking on a phase 2 project that expands its PLM application usage to implement the DeSL full supply chain solution.
"Now that we have implemented DeSL’s PLM solution we have full control of our product development, are sharing on-line tech packs with our vendors along with time and action calendars and collaborative costing, the natural extension was to go to full supply chain management,” said Will Silveria , executive EVP , Men’s Wearhouse.
The implementation will involve creating and tracking purchase orders for fabrics, trims and finished products to deliver real time, global WIP tracking. Factories and mills will receive online purchase orders and update progress in real time.
“This will enable us to make more informed decisions and react faster to consumer demand," said Silveria.