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“CNBC’s Top 25: Who Had the Biggest Impact on Business Since 1989 (Jeff Bezos #5)” See the Top 25 list “Deloitte: 80% Want to be Left Alone in Store” “Consumers largely prefer to navigate the aisles and the checkout without a store associate’s help. Eight in 10 (80 percent) respondents in Deloitte Digital’s […]
“The $1.5 trillion opportunity retailers overlook” by Krystina Gustafson at CNBC. “By the year’s end, Deloitte predicts $1.5 trillion, or 50 percent, of all in-store sales will be influenced by digital devices. “The fact is, traditional retailers are leaving too much money on the table and are allowing strictly online retailers to capture a […]
“Amazon’s Q1 Sales Satisfy the Street (Reports Profit!)” by Brad Stone at Businessweek. “Amazon reported first-quarter earnings on Thursday, notching $19.74 billion in net sales. That beat Wall Street’s estimates of $19.43 billion and marked a 23 percent jump, compared with the same period a year ago. The company also reintroduced something its investors […]
“Ex Wal-Mart CEO’s deferred pay: $140 million” by Gary Strauss at USA Today. “Departed Wal-Mart CEO Mike Duke’s deferred pay should provide enough money to shop beyond discount retailers for many years. Duke, who retired Jan. 31, had $140.1 million in deferred compensation at year’s end, Wal-Mart said Wednesday in its annual proxy filing. […]
“Wal-Mart de Mexico’s Net Profit Down on Year” by Anthony Harrup at WSJ. “Sales rose 2.2% to 102.6 billion pesos…Walmex Chief Executive Scot Rank said the company continued to see lower customer traffic at its Sam’s Club membership stores, which account for 26% of its sales in Mexico.” Read more “Why Is Miranda […]
“Report: Wal-Mart Plans to Open up to 35 Central America Locations in 2014” at CNBC via Women’s Wear Daily. “According to the report, the company’s Walmex unit—made up of its Mexico and Central America operations—will look to add between 30 and 35 stores in Central America this year. Guatemala, Costa Rica, Nicaragua, El Salvador […]
“Millionaires Prefer Costco, Target, Home Depot” by Sarah Mahoney at Marketing Daily. “The American Affluence Research Center finds the country’s richest are looking forward to major home improvements, with the accompanying large furniture and durable good purchases that go with them, in the months ahead…The twice-yearly survey is based on a sampling of 330 […]
“Target Expands Subscription Products & Adds Add’l 5% Discount (15% of Online Orders for Baby Items Come from Subscriptions)” by John Ewoldt at Star-Tribune. “To attract even more shoppers, Target has added a new 5 percent discount on all subscription orders on top of the 5 percent discount for Redcard credit card holders. Shipping […]