Whole Foods Market signs lease in Virginia Beach
New York City — Whole Foods Market plans to open a store in Virginia Beach, Va.
The retailer recently signed a lease with S.J. Collins Enterprises for the construction of a 40,000-sq.-ft. store in the Hilltop section of Virginia Beach. It is scheduled to open by yearend 2013.
Aerosoles implements Maple Lake’s assortment planning software
Markham, Ontario — Maple Lake Ltd. said that Aerosoles has selected Maple Lake’s QuickAssortment software to refine and centralize the retailers’ merchandise, store and assortment planning activities. The retailer has already completed Phase I of the implementation process.
“Operating a true multi-channel business with concept stores, outlet stores, e-commerce as well as a catalog and direct sales business requires some significant coordination; relying on spreadsheets is no longer an option for us,” said Tupper Kinder, CIO, Aerosoles, Edison, N.J. “We needed a tool that was flexible enough to cater to our unique ways of working, robust enough to support our volumes and growth plans, but that was still a commercial solution so that we could remain on an upgrade path; QuickAssortment will give us all of this and more.”
The QuickAssortment solution will enable Aerosoles to coordinate all of the merchandise, store and channel plans as well as their assortment and key item plans in a single integrated environment. This will reduce the time that the business currently spends on maintaining their existing spreadsheet infrastructure, and instead enable them to develop more detailed plans and become more responsive to the latest trends.
QuickAssortment operates on a Microsoft SQL server platform and operates within a client-server architecture, with data being managed on the server to optimize performance and scalability. The solution is routinely integrated to a wide variety of merchandise management and business intelligence systems.
Borders looking for value in name
NEW YORK — The end of Borders as we know it may be drawing near. According to court papers filed with the U.S. Bankruptcy Court in Manhattan, Borders Group is planning to auction off its intellectual property, including the Borders brand name and the Borders.com website, in a move that will enable the brand to live on after liquidation in a limited fashion.
The Sept. 14 auction, which will sell off the logo, trademarks, website, customer lists and other intellectual property, is expected to draw millions of dollars worth of offers.
A bankruptcy judge is slated to rule on the proposed auction on Aug. 10.
The team of liquidators is led by Gordon Brothers Group and Hilco Merchant Resources, who have a Nov. 13 deadline to empty the stores of all merchandise and fixtures.