Retail

New York -- Social media isn’t likely to become an important retail channel anytime soon, according to a new report by PwC. The study, “Demystifying the Online Shopper: 10 Myths of Multichannel Retailing,” found that in-store shopping is still center to the shopping experience.

“Our report finds that the physical store remains the centerpiece of the purchase journey, while devices are used significantly for product research and deals,” said Susan McPartlin, PwC’s U.S. retail & consumer sector leader.

CINCINNATI — Kroger has promoted Jeff Burt, formerly group VP perishables, merchandising and procurement, to president of the company's Central division. Kroger's Central Division operates 136 food stores primarily in Indiana and Illinois.

Mr. Burt, 50, has been group vice president of perishables merchandising and procurement since 2010. He succeeds Bob Moeder, who recently announced his plans to retire this spring.

Indianapolis -- H.H. Gregg announced that it has launched a “Price Match Guarantee” to ensure that its customers receive the lowest advertised prices on merchandise both in stores and online, for up to 30 days after the date of purchase.

SEATTLE — Sally Jewell, CEO of REI, has been nominated as Secretary of the Interior. 

Sally has led REI as CEO since 2005 and during that time has provided steady leadership for the co-op and its thoughtful growth. During her tenure REI has increased sales from $1 billion to nearly $2 billion, added 71 stores, and greatly expanded its online business. Under Sally's leadership, the company has been named annually to Fortune Magazine's list of the Best Companies to Work For.

Atlanta -- The Home Depot plans to hire more than 80,000 temporary workers to help customers this spring, some 10,000 more than it hired last year.
   
The move comes as the housing rebound spurs spending on remodeling and landscaping.
 

HOFFMAN ESTATES, Ill. — Kmart has partnered with Essence Magazine's finance expert, Tanisha Sykes, for the sixth-annual Share the Word campaign to provide financial empowerment to African-Americans.

"Financial empowerment is extremely important within the African-American community," Sykes said. "This year's Share the Word campaign will provide the tools, information and resources to help pave the road to financial success."

Washington -- President Obama has selected Sally Jewell, president and CEO of Recreational Equipment Inc., to lead the Interior Department, White House officials said Wednesday.

Jewell, a former banker and Mobile Oil Corp. executive, is an outdoors enthusiast and conservation advocate. She joined the board of REI in 1996, and was appointed COO in 2000. In 2005, she was named CEO. The outdoor retailer expanded significantly under her leadership, and now generates some $2 billion in annual revenues.

Business-to-consumer e-commerce sales in 2012 grew 21.1% to top $1 trillion for the first time, according to new global estimates by research firm, eMarketer. 

The firm predicts that 2013 will be even better, with e-commerce sales up 18.3% to $1.298 trillion worldwide, on the strength of the Asia-Pacific market.