FINANCE

Williams-Sonoma Same-Store Sales Fall

BY CSA STAFF

San Francisco Home-furnishings retailer Williams-Sonoma announced Tuesday that its same-store sales fell 0.4% during the November and December holiday period due to weak traffic in an uncertain economy.

For the nine-week period ended Dec. 30, total sales rose 4.4% to $1.02 billion. Chairman and CEO Howard Lester said in a statement the company had predicted a weak macroeconomic environment and slower traffic.

“In fact, the macro environment did weaken and traffic slowed even further than we anticipated, particularly in our home-furnishings businesses,” he said.

That weakness will continue into January, he said, and lowered fourth-quarter earnings and revenue guidance.

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Joe’s Sports taps ex-Bass Pro pres. as ceo

BY CSA STAFF

WILSONVILLE, Ore. Hal Smith, former president of Bass Pro Shops, has been named president and ceo of Joe’s Sports & Outdoor, a Northwest sporting goods retailer.

Smith most recently served as evp pf Pep Boys. In addition to serving as president of Bass Pro Shops, he has served as president/ceo of several other leading companies, Joe’s Sports & Outdoor reported.

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Wakefern to use IBM POS systems

BY CSA STAFF

ARMONK, N.Y. Wakefern is working with IBM to deploy advanced IBM point-of-sale systems, software and infrared touch displays at ShopRite stores, the companies announced Friday.

Wakefern will install IBM’s SurePOS Application Client/Server Environment, an application that optimizes customer service and improves reliability at the point-of-sale system, the companies reported. Wakefern will also use IBM’s Store Integrator on the IBM 4690 operating system.

ShopRite stores also will be upgraded with IBM SurePOS 700 POS terminals and servers and IBM SurePoint 4820 Touch displays at all check-out lanes.

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