FINANCE

Walmart Foundation awards more than $3 million in grants to six women’s foundations

BY Staff Writer

Bentonville, Ark. — The Walmart Foundation announced Tuesday the launch of its Partnership for Women’s Prosperity, a move to help economically vulnerable women gain financial and economic security through education, job training and employment opportunities.

Together with six women’s foundations – The Washington Area Women’s Foundation, The New York Women’s Foundation, Women’s Fund of Mississippi, Women’s Foundation of Minnesota, Women’s Foundation for a Greater Memphis and Women’s Funding Network –Walmart Foundation has provided $3.35 million in grants to initiate efforts and assist nearly 5,000 women and girls in 16 communities across the country.

"By working together as a collective force, we have the potential to transform the role of economically disadvantaged women across the United States," said Nicola Goren, president and CEO of the Washington Area Women’s Foundation.

The Walmart Foundation worked closely with the Partnership for Women’s Prosperity to establish goals and fund programs that best serve women in their local communities.

"We know that outside of work, women spend their time, money and energy caring for their families and communities, so investing in women today will help build a greater future for our nation," said Sylvia Mathews Burwell, president of the Walmart Foundation.

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SUPPLY CHAIN

Nebraska Furniture Mart selects Logility Voyager Solutions to support growth

BY Katherine Boccaccio

Atlanta — Supply chain solution provider Logility said Tuesday that Omaha, Neb., home furnishings retailer Nebraska Furniture Mart has selected Logility Voyager Solutions to help the company plan for and manage its growth into new markets.

To meet its goal of 75% growth by 2015, Nebraska Furniture Mart has embarked on an aggressive supply chain transformation project alongside a business improvement effort to streamline operations and accelerate the flow of information and products.

As Nebraska Furniture Mart assessed its current operations and where it plans to be, it said it became apparent the systems and processes in supply chain and logistics lacked the breadth and depth of functionality vital to achieving its goals. The retailer required end-to-end supply chain visibility from demand and supply planning to supplier collaboration and new product introductions through to freight planning.

“As we look to grow our business we must optimize our business processes and technology to ensure our success,” said Jay Buchanan, director-global supply chain and logistics, Nebraska Furniture Mart. “Logility Voyager Solutions is the best fit for supporting our growth plans and delivering the end-to-end supply chain management we require. The intuitive and easy to use software includes streamlined workflow management that will enable our team to stay focused on improving supply chain efficiency.”

Part of the Voyager solution is to deliver improved demand profiles, more accurate forecasting and greater supplier collaboration to allow Nebraska Furniture Mart to manage new product introductions and store growth more effectively, develop robust inventory plans to minimize stock-outs and satisfy customer demand, and capitalize on the benefits of improved freight management.

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STORE SPACES

Trader Joe’s among tenants at new development in Virginia

BY Katherine Boccaccio

Charlottesville, Va. — Columbia, S.C.-based Edens said that Trader Joe’s is among the anchor tenants of its new Shops at Stonefield development, under construction in Charlottesville, Va.

The Shops at Stonefield will begin opening stores and restaurants in November 2012. Tenants include Williams-Sonoma, Pottery Barn, Langford Market and Trader Joe’s. Edens said it is also working with local retailer Blue Ridge Mountain Sports on a new flagship store.

Additionally, the pedestrian-friendly Shops at Stonefield will feature Travinia Italian Kitchen and Burtons Grill, along with a new Regal Cinema with IMAX.

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