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Sales totaled $3.18 billion for the fiscal year ending in January 2005, and the company was recently acquired by a private company affiliate of Goldner, Hawn, & Morrison Inc.
ShopKo has been an intensive user of applications to improve decision making about inventory levels, sales performance, store layout, and selection of merchandise. One of its most powerful tools has been a system to determine prices and timing of apparel markdowns. Traditionally companies that sell apparel have four product cycles a year, one for each of the seasons. However such companies now face serious competition from companies like Gap that now operate on rapidly changing product cycles, often bringing in new product lines every two to four weeks...
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