Winn-Dixie narrows loss in Q1
Jacksonville, Fla. — Winn-Dixie Stores reported Monday a loss of $24.1 million in the fiscal first quarter, compared with a loss of $76.8 million in the year-ago period.
Revenue rose 3.1% to $1.59 billion, from $1.54 billion last year, helped by success from its gas-related reward program. Sales just missed Wall Street’s expected $1.6 billion in revenue.
Same-store sales rose 3.3%. During the quarter, the company opened two additional transformational remodeled stores that Winn-Dixie continues to monitor for additional roll-out.
OfficeMax engages RedPrairie for workforce managment
ATLANTA— OfficeMax is using RedPrairie Corp.’s Enterprise Workforce Management tool to boost labor efficiencies and manage costs enterprise-wide across its supply chain and retail stores, RedPrairie announced in a company press release.
RedPrairie’s Enterprise Workforce Management solution enables retailers to manage their workforce holistically addressing time and attendance, forecasting, scheduling, labor standards, execution management and learning management, according to the company.
OfficeMax is currently using RedPrairie’s Enterprise Workforce Management application suite in three Customer Fulfillment Centers (CFCs). The CFCs in Chicago, Washington, DC and San Francisco rolled out Enterprise Workforce Management from RedPrairie earlier this year, and the Orlando CFC is currently in the process of implementing it.
“OfficeMax wants to continue to enhance its ability to forecast, schedule and manage labor to ensure that the right people are available at the right time across the enterprise to meet customer expectations,” said Larry Hartley, SVP, supply chain at OfficeMax. “RedPrairie’s Enterprise Workforce Management solution will help OfficeMax to better align the strategic management of our labor resources throughout the supply chain.”
Stein Mart completes new bank credit facility
Jacksonville, Fla. — Stein Mart said Monday it has completed a new $100 million senior secured revolving credit facility with Wells Fargo Bank, N.A. to replace an existing $150 million revolving credit facility, which was maturing in early 2012.
The new facility can be increased to $150 million and matures in February 2017. The revolving credit is for general corporate purposes, including issuing standby and commercial letters of credit, and provides an additional source of liquidity, according to Stein Mart.