To help fuel its rapid geographic expansion, specialty value retailer Five Below has signed the lease for a new distribution center in Olive Branch, Miss. The 600,000 square-foot facility is the retailer's second DC and will allow the company to more quickly and efficiently supply stores in the South and Midwest with its range of products all priced at $5 and below.
Inventory optimization might seem like an old concept, but many companies fail to apply it properly, especially in the area of multi-echelon inventory management. Karin Bursa, vice president of marketing with Logility, details IO's key benefits and challenges.
RedPrairie Corp. has agreed to acquire all of the outstanding shares of common stock of JDA Software, at a price of $45 per share. The deal is valued at approximately $1.9bn, and will create a software company with combined revenues of more than $1bn.
Regal Logistics has purchased a new distribution center in the Los Angeles area. The facility in Garden Grove, Calif., offers 120,000 square feet of warehouse space.
IFS, a vendor of enterprise resource planning (ERP) and related software, has launched seven new smartphone applications in the IFS Touch Apps series, in addition to its first app for Windows Phone and Windows 8.