Kmart Corporation (NYSE: KM) and Tibbett & Britten Group North America today announced that Advance Logistics, a New Jersey-based member company of Tibbett & Britten, has acquired, and will operate, the warehousing operations at the retailer's Greensboro, N.C. and Morrisville, Penn. distribution centers, effective February 1, 2001.
"Enhancing the merchandise flow of our distribution centers is key to improving our retail execution to better service our stores and our customers," said Tony D'Onofrio, Kmart Executive Vice President, Chief Supply Chain Officer. "Tibbett & Britten has a proven track record in assisting retailers to achieve dramatic quality improvements and operational efficiencies, improving logistics methods and operational initiatives. Outsourcing the warehousing and distribution functions of these two centers to a world-class third party provider will allow Kmart to move toward a 'best in class' supply chain model."
Under the agreement, Advance Logistics will become responsible for the operation of the Greensboro and Morrisville centers. All management and warehouse associates who work in the two centers will become employees of Advance Logistics.
"At Tibbett & Britten we are proud of our record in delivering the highest standards of efficiency to our customers," said Blair Clarke, Group Vice President, Tibbett & Britten Group North America. "Our multi-sector experience and international expertise assist retailers in managing increased competition and maximizing logistical merchandise flow and operations processes."
Tibbett & Britten Group is a world leader in specialist distribution services, operating in 32 countries across four continents with over 30,000 employees. On a global scale, the company handles approximately $75 billion worth of goods annually with an annual revenue of approximately $2 billion. The client list of Tibbett & Britten Group North America, a wholly owned subsidiary of Tibbett & Britten Group, includes Safeway, Kroger and Wal-Mart.
Kmart Corporation serves America with 2,106 Kmart, Big Kmart and Super Kmart stores. In addition to serving all 50 states, Kmart operations extend to Puerto Rico, Guam and the U.S. Virgin Islands. More information about Kmart is available on the World Wide Web at http://www.bluelight.com/ under the "About Kmart" section.
SOURCE: Kmart Corporation
Contact: Stephen Pagnani of Kmart Corporation, 248-463-1021; or
Margaret Ward-Jack of GCI Group, 416-486-7227, email@example.com