News

Wal-Mart: No significant damage from Sandy

BY Staff Writer

Bentonville, Ark. — Wal-Mart Stores Inc. released a statement on Tuesday that none of its facilities have sustained any significant damage from Hurricane Sandy.

Some 168 stores remain closed, said the retailer, but some will be reopening with the use of generators.

The company also said that the superstorm has not had an impact on holiday planning at this point.

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SUPPLY CHAIN

Report: DIY major players deploy truckloads of supplies

BY Katherine Boccaccio

New York — A Tuesday report by the Wall Street Journal said that Home Depot and Lowe’s Cos. had deployed hundreds of truckloads of storm-recovery inventory Tuesday into areas impacted by Hurricane Sandy.

The range of merchandise being deployed varies by the nature of the issues faced. For example, said Aaron Flowe, Home Depot’s Northern Division president, areas with brief power outages tend to have more need for cleanup items like trash bags and chain saws, while those with long-term power outages continually need more generators. Flowe told WSJ that the company is still figuring out what areas have need for what kind of product.

Lowe’s said all its stores were equipped with backup generators. Of 200 stores in the affected area, four stores are still closed, including one in Rosedale, N.Y., that was flooded, according to the report. The other three — one in Pennsylvania and two in New Jersey near waterways that experienced storm surge — have problems with their backup generators, and are expected to be resolved by the end of Tuesday.

Home Depot has about 12 stores still shut after 44 closed earlier than usual Monday. The ones that remain unopen are in the New York and New Jersey metropolitan are

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REAL ESTATE

Claire’s to make retail debuts in Venezuela and Panama

BY Katherine Boccaccio

Chicago — Claire’s Stores Inc. said Tuesday that it has opened its first stores in Venezuela and Panama; the Venezuelan store opened on Oct. 12 in Sambil Paraguna Mall in Punto Fijo and the Panama store opened Oct. 27 at Metro Mall.

Claire’s has partnered with locally headquartered Grupo David Enterprises as the single franchisee across 16 countries in Latin America. Over time, Claire’s said it expects these countries to present a minimum 100 stores market opportunity.

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