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Strategy

  • Connected devices: The new point-of-sale?

    Visa and IBM have a vision — that any device connected to the Internet of Things can securely process payments. And this means “any device.”  

  • Havertys beats Q4 estimates

    Better control over pricing and inventory helped boost Havertys fourth quarter earnings, beating analyst expectations.   Net sales for the quarter ended December 31, 2016, increased 2.2% to $220.6 million, compared to analyst expectations of $220.61 million.   Same-store sales rose 2.5%, and the average written ticket was up 2.6%, while custom upholstery written business rose 1.9%.  

  • Apple's spaceship-styled, energy-conserving home office to lift off in April

    Apple is preparing to unveil its latest development: Apple Park.   The name of Apple’s new spaceship-looking home office, Apple Park is a 175-acre campus located in California’s Santa Clara Valley. The new building, slated to open in April, will welcome more than 12,000 people over a six-month period. Construction of the campus and parklands is scheduled to continue through the summer, Apple said.  

  • Report: Jet.com shoppers get a taste of Walmart’s private label lines

    Walmart’s house brands are getting a new audience — millennials.   Jet.com, which caters to the cost-conscious Gen Y segment, has started offering private label brands — Great Value, Equate and Sam’s Choice — from its parent company, Walmart, according to Bloomberg.   

  • TJX continues its amazing winning streak

    It’s a record that most retailers are envious of, particularly in today’s competitive and disrupted marketplace.    TJX Cos. on Wednesday posted its 21st consecutive year of same-store sales increases, as well as better-than-expected income and revenue results for its fourth quarter. The off-price retailer also raised its quarterly dividend and announced a share repurchase program.  

  • Report: Lowe’s terminates more than 500 employees

    Lowe’s is the latest retailer making job cuts.   The home improvement retailer has laid off more than 500 full-time corporate employees company-wide — its latest effort to streamline the company and boost profitability, the Charlotte Observer reported.    

  • NRF and retailers to U.S. Supreme Court: Let swipe card fees ruling stand

    Payment card fees is a sore subject for the retail industry — especially with the possibility that a settlement is being revisited by parties seeking an appeal.   The National Retail Federation and the Retail Industry Leaders Associa-tion requested that the U.S. Supreme Court let stand an appeals court rul-ing that struck down a controversial 2012 settlement of a class action lawsuit over Visa and MasterCard’s swipe card fees.  

  • HSN’s sluggish fourth quarter still beats analyst estimates

    A disruptive retail climate and underperforming categories took their toll on HSN during the fourth quarter.   HSN’s net income was $43.5 million for the quarter, or 82 cents per share, ended December 31, 2016, compared to $59.7 million for the same period last year. This exceeded analysts’ estimates of 74 cents per share.  
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