Long-struggling Sears Canada is negotiating a more than C$650 million private equity deal that would pay off bankruptcy loans and possibly save thousands of jobs but cut the retailer’s store count by more than half, the Wall Street Journal reported. More
Big Lots affirmed its earlier announced sales and earnings guidance ahead of an investor and analyst conference Tuesday and said damage from hurricanes Harvey and Irma is minimal. More
Trimble, which offers positioning technologies to a range of industries, has acquired 10-4 Systems, a provider of advanced, multimodal shipment visibility solutions and related technologies for shippers and transportation providers. Terms of the transaction were not disclosed. More
News From The Web
- With a wrap up from the 2017 Logistics Symposium, Editor in Chief Bill McLoughlin says automated trucking technology is around the corner, everyone is focused on the final mile and, with Amazon's recent Whole Foods buy, it is one step closer to bringing furniture into the fold.
Furniture Factory 4.0
If you missed our recent webcast with Lectra on what the furniture factory of the future will look like, then you can click here to watch the recorded version. Topics include what trends and challenges are affecting furniture factories in the US & Worldwide and how these challenges are changing furniture production.
MOST VIEWED ARTICLES
September 8, 2017Conn’s managed to swing to a profit despite a steep drop in fiscal second quarter sales, and its higher-margin furniture business had something to do with that. Here’s more on this, the continuing impact of Hurricane Harvey and other takeaways from Conn’s earnings call with the investment community Thursday: Conn’s loses fewer business days to Harvey but … The furniture, electronics and appliance retailer lost about 100 selling days to Hurricane Harvey — not bad when compared to other storms, such as Hurricanes Ike and Gustav in 2008, which combined for 144 lost days, and Hurricane Rita in ...
September 6, 2017I caught up with Jim “Mack” McIngvale again Wednesday. By now, you (and most everyone in this country) have heard about how he opened his two largest Gallery Furniture stores in Houston to shelter some 800 or so flood victims of Hurricane Harvey. All the families he took in during the storm left Friday, but McIngvale’s work continued. On Wednesday afternoon, he was out in front of his North Freeway location, directing about 1,000 people, who were waiting in line for free cleaning supplies, toilet paper, bottled water, soap and shampoo. “We’re getting about 2,000 people ...
August 25, 2017Compare the second quarter earnings call of TJX Cos. earlier this month and Big Lots this week and you start to see a lot of similarities between these off-price giants. Both appear fairly immune to the so-called “retail apocalypse” that the broader retail sector has faced as consumers continue to shift to online everything; both say it’s their blend of quality, brand, fashion and price driving the consumer into stores (for Big Lots, it's “QBFV” or quality brand fashion and value, but pretty close); and both are building up a category offering in which they see great promise ...
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September 25, 2017 - September 27, 2017
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October 14, 2017 - October 18, 2017
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October 17, 2017 - October 19, 2017
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