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“Home Depot CEO: Internet biggest challenge” by Jonathan Copsey at North Fulton. “Blake spoke Jan. 24 to members of the Roswell Rotary Club about his company and how he saw the coming years…The most significant challenge facing the company, he said, was the threat of losing sales to Internet companies…”Retail is a detail-oriented business,” […]
“How Walmart and Heineken Will Use Shoppercetion to Put Your In-store Experience in Context” by Shel Israel at Forbes. “Retailers are installing 3D sensors directly over the area where customers stand in front of a retail store section. Let’s assume that its breakfast cereals. The sensors will see when a shopper picks up a […]
“Shareholders show Costco CEO the love as profit rises 17%” by Amy Martinez at The Seattle Times. “Jelinek, who took over as CEO last year from co-founder Jim Sinegal, kept with tradition and went through a series of highlights from 2012. Among them: • Costco had 92 warehouses that each reported more than $200 […]
“Target Introduces Six New Brands … That You Can’t Buy in Stores” by Brad Tuttle At Time. “Cheap chic retailer Target is renowned for brand collaborations good (the Missoni craze) and bad (the Neiman Marcus collection that no one wanted). Target’s new brand partnerships may be the most intriguing of all. Just don’t go […]
“Walmart Canada announces expansion plans” “Walmart Canada announced that it plans to complete at least 37 supercentre projects in the company’s next fiscal year, which runs from February 1, 2013 to January 31, 2014. The company also announced it will be expanding its distribution network to support its ongoing store growth and expansion plans. […]
“Wal-Mart Toughens Supplier Policies” by Shelly Banjo at WSJ. “The tougher new policies replace the Bentonville, Ark., retailer’s prior “three strikes” approach to policing suppliers, which gave the suppliers three chances to address problems before being terminated. Starting March 1, Wal-Mart will employ a “zero tolerance” policy to sever ties with suppliers that subcontract […]
“Michelle Obama and Walmart: A Match Made in PR Heaven” by Matt Brownell at Daily Finance. “The First Lady was effusive in her praise for the retailer, calling the commitment “historic” and saying that Walmart (WMT) was “setting a groundbreaking example for the private sector to follow.” Anthony Bianco, a critic of Walmart and […]
“Supervalu to sell Albertsons stores” at MSNBC vis Lisa Liddane at Orange County Register. “Supervalu Inc. announced Thursday that it will sell its Albertsons supermarkets and related in-store pharmacies as part of a broader divestment of five grocery chains to an investment group led by New York-based Cerberus Capital Management…The new sale will reunite […]