Today’s Tipsheet: Walmart’s Dotcom Acquisition Spree | Home Depot “Maps” Stores
“Two More Deals in Wal-Mart’s Dotcom Acquisition Spree” by Shelly Banjo at WSJ. “Tuesday’s acquisitions include Tasty Labs, a software application development company started by former Google and Mozilla employees and was backed by venture capital giants Andreessen Horowitz and Union Square ventures, as well as OneOps, a cloud computing company started by a group of eBay veterans.” Read more: https://blogs.wsj.com/corporate-intelligence/2013/05/14/two-more-deals-in-wal-marts-dotcom-acquisition-spree/
“aisle441 Signs Deal with Home Depot to “Map” its 2,000 Stores” by Amir Kurtovic at St. Louis Business Journal. “Aisle411 announced Tuesday that its indoor retail navigation service is now available in more than 12,000 stores nationwide. And the startup is now also in some 2,000 Home Depot stores, its second-largest deal with a national retailer following last year’s agreement with Walgreens.” Read more: https://www.bizjournals.com/stlouis/blog/BizNext/2013/05/aisle411-signs-deal-with-home-depot.html
“Kroger considering delivery, other ideas for urban stores” by Evan Weese at Columbus Business Journal. “Kroger Co. said in a recent presentation it is experimenting with new concepts for urban locations, and exploring innovative ideas such as grocery delivery, drive-thru and personal shoppers, the Cincinnati Business Courier reports.” Read more: https://www.bizjournals.com/columbus/morning_call/2013/05/kroger-experimenting-with-urban.html
“Home Depot Earnings Preview: Fully Valued, But Big Ticket Comps Have Returned Big Time” at Seeking Alpha. “The most compelling metric the last few quarters has been big-ticket comps, which is a very profitable business for HD. From our earnings notes, here is how big-ticket comps have trended the last 4 quarters: Jan ’13:+9% : Oct ’12:+4% : Jul ’12:+3.4% : Apr ’12: +6.7%.” Read more: https://seekingalpha.com/article/1430821-home-depot-earnings-preview-fully-valued-but-big-ticket-comps-have-returned-big-time?source=google_news
“Rona posts bigger loss, promises better future” by Susan Taylor at MSN Money. “Rona Inc reported a bigger-than-expected quarterly loss on Tuesday as it struggled with tough competition and hefty restructuring charges, but Canada’s top home improvement retailer said its turnaround plan would deliver better results…Investors were also disappointed by the company’s decision to keep its big-box store network outside Quebec, said Canaccord Genuity analyst Derek Dley. That is a departure from its previous strategy to focus on smaller format stores to improve performance.” Read more: https://money.msn.com/business-news/article.aspx?feed=OBR&date=20130514&id=16477591
“ABC to Test Expanding Nielsen Ratings to Mobile” by Jeanine Poggi at Ad Age. “ABC will begin measuring advertising in videos viewed with mobile and tablet apps during a trial run with Nielsen, the network said at its upfront presentation to ad buyers Tuesday afternoon. The Watch ABC app will allow cable subscribers to stream ABC’s programming live. It will be the first test expanding Nielsen’s Online Campaign Ratings to mobile.” Read more: https://adage.com/article/special-report-tv-upfront/abc-test-expanding-nielsen-ratings-mobile/241465/
“Home Depot to open IT center in Irving that will employ 130” by Lance Murray at Dallas Business Journal. “The Dallas Morning News reported that the office is part of Atlanta-based Home Depot’s plan to expand its online capabilities. Initially the office will employ about 80 people, the Morning News said.” Read more: https://www.bizjournals.com/dallas/blog/morning_call/2013/05/home-depot-to-open-it-center-in-irving.html
“Why Customers Don’t Buy” by Steve Martin at Harvard Business Review. “What is it that prevents a prospective customer from making a purchase even after they have conducted a lengthy evaluation process? The reasons may surprise you. Regardless of the prospective customers’ confident demeanor, on the inside they are experiencing fear, uncertainty, and doubt while making their selection. The stress this creates serves as the key factor in determining whether or not a purchase will be made.” https://blogs.hbr.org/cs/2013/05/why_customers_dont_buy.html?utm_source=Socialflow&utm_medium=Tweet&utm_campaign=Socialflow
“Baby-Boomer Marketers Are Misreading Millennials’ Media Behavior” by Bonnie Fuller at Ad Age. “Why are they convinced the methods and media that have worked over the past 30 years of their careers will continue to produce results with tech-savvy millennials, even though they have vastly different media habits? Among other things, baby-boomer marketers need to accept the fact that millennials have not inherited their parents’ love for the “touch” of paper. They do not naturally go gaga over double-page spreads of either editorial or advertising in magazines.” Read more: https://adage.com/article/guest-columnists/marketers-losing-money-misreading-millennials/241407/
“Walmart Passed on Standalone Grocery Stores in Pittsburgh” by Tim Schooley at Pittsburgh Business Times. “My sources had a number of sites under option for Walmart to use for its Neighborhood Markets and spent a considerable amount of time waiting for a decision from the company. The expectation is that they no longer plan to maintain their option control on the properties, effectively releasing them to other potential users.” Read more: https://www.bizjournals.com/pittsburgh/blog/the-next-move/2013/05/the-waiting-ends-for-walmart-grocery.html
“Brazil Introduces Regulation to Crack Down on Online Retail Rogues” by Campbell Philips at Power Retail. “The Brazilian e-commerce scene has been booming for some years now, and with the sector generating more than $11 billion in sales for 2012 (a 20 percent increase on 2011), it doesn’t appear to be slowing down in a hurry. However, it appears as if the online field has been neglected somewhat by Brazilian government, with many businesses operating under a Consumer Rights Code that doesn’t cover their specific operations. The result? Brazilian online retailers are regularly known to deliver faulty goods, or not deliver at all, while consumers are left empty-handed.” Read more: https://www.powerretail.com.au/pureplay/regulations-for-ecommerce-in-brazil/
Thanks for reading…
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