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Strategy

  • Why Staples and Office Depot need to merge

    Amazon.com launched its new Amazon Business marketplace earlier this year and now companies such as cloud-based e-commerce solution provider ChannelAdvisor are making it easy for suppliers to tap into the platform’s potential.

    "The combined company will allow us to provide more value to customers and more effectively compete in a rapidly evolving environment,” said Ron Sargent, Staples chairman and CEO.

  • Office Depot shareholders say ‘yes’

    Boca Raton, Fla. — A deal that would leave the nation with one giant office-supply retailer is one step nearer to completion.

    Office Depot shareholders have voted overwhelmingly in favor of the proposed $6.3 billion buyout offer from rival Staples Inc., with 99.5 % of the votes cast in favor of the merger.

    Staples proposed to acquire Office Depot in February in a cash-and-stock deal. Under the deal, Office Depot shareholders will get $7.25 per share in cash and 0.2188 of a share in Staples stock for each Office Depot share held.

  • NRF urges Senate to pass TPA bill

    The National Retail Federation is urging the Senate to quickly consider the stand-alone Trade Promotion Authority bill so that it can move to the president’s desk for his signature.

    NRF issued the following statement from Senior Vice President for Government Relations David French: 

  • Home Depot focused on omnichannel

    New York — The Home Depot is focused on making goods flow more smoothly.

    In fact, the company’s common order management system, or COM, has been called the largest IT project in the history of the Atlanta-based retail giant. And during the recent Goldman Sachs Annual dotCommerce Day presentation, Kevin Hofmann, Home Depot’s senior VP and president –online, explained to investors how the retailer intends to flex its order management muscle.
     

  • Home Depot exec 1 of 2 new BN board members

    Barnes & Noble Inc. has appointed a Home Depot president and a former executive of PaineWebber as two new independent directors to its board ahead of the company's separation of its retail and college businesses.

    The new board members are Ann-Marie Campbell, president of the southern division of Home Depot, and Paul B. Guenther, former president of PaineWebber Group Inc., the parent company of Paine Webber, Incorporated.

  • CBL acquires mixed-use center in Chattanooga

    WILMINGTON, N.C. — The Mayfaire Town Center and Mayfaire Community Center have been acquired by CBL & Associates Properties, a publicly traded real estate investment trust based in Chattanooga, Tenn.

    The sale, which closed June 18, is not expected to result in immediate changes that will be noticed by consumers.

    Once a horse farm, Mayfaire Town Center and Mayfaire Community Center have become one of North Carolina's premier shopping and leisure destinations.

  • Happily Eva after for New York & Co.

    Customers have responded so well to New York & Company’s collaboration with Eva Mendes that the retailer has extended its deal with the Cuban-American actress.

    Launches in 2013, the Eva Mendes Collection features five seasonal assortments and 11 unique deliveries a year, which feature apparel and accessories.

  • CVS Health giving stores beauty and health makeover

    New York -- CVS Health is rethinking every aspect of its store to ensure that it not only reflects the company’s broader commitment to healthcare and but also delivers on what customers have come to expect from its pharmacy locations. The move comes on the heels of its decision more than a year ago to pull the plug on tobacco products and rebrand the company as CVS Health.

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