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J.C. Penney revs up omnichannel efforts with Home Depot, Target exec hires
Plano, Texas -- J.C. Penney nabbed a key executive from Home Depot and also one from Target Corp. as it seeks to maximize the power, reach and integration of its omnichannel efforts.
The department store retailer named Michael Amend, former VP of online, mobile and omnichannel for Home Depot, to the position of executive VP of omnichannel effective immediately. He fills a position previously held by Mike Rodgers who left the company.
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AutoZone Q3 profit beats expectations
Memphis -- AutoZone reported a better-than-expected profit of $309.1 million in its third quarter, up 8.4% from $285.2 million in the year-ago period. Diluted earnings per share increased 13.1% to $9.57 per share, from $8.46 per share in the year-ago quarter. It was the auto retailer’s thirty-fifth consecutive quarter of double digit earnings per share growth.
Sales for the quarter, ended May 9, increased 6.5% to $2.49 billion for the period. Same-store sales increased 2.3%.

