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Retail

  • Merger magic evident at Office Depot

    Sales continued to decline at Office Depot in the third quarter, but CEO Roland Smith said excellent execution allowed operating profits to more than double.

    Total company sales on a pro-forma basis to reflect the merger of Office Depot and OfficeMax declined 3% to $4.1 billion during the period ended Sept. 27. The top line decline was steeper at the company’s 1,851 unit North American retail division where sales declined 7% to $1.7 billion due to store closures and a 3% same store sales decline driven by a reduced transaction volume. 

  • IDC Retail Insights: Top 10 retail predictions for 2015

    Framingham, Mass. -- By 2017, three times as many retailers as now will explicitly underpin their customer and operations strategies on 3rd platform technologies. That’s one of IDC Retail Insights’ top 10 worldwide retail predictions for 2015. IDC  revealed the predictions during a Web conference, IDC FutureScape: Worldwide Retail Agenda 2015 Predictions.        

  • Ron Johnson Launching Retail Start-Up

    Former J.C. Penney CEO Ron Johnson is back in the game. Johnson, who prior to joining Penney headed up Apple’s retail store operations for nearly 12 years, is launching a new company — called Enjoy — and contrary to earlier rumors, it’s not an on-demand tech-gadget delivery service. Instead, it’s a service to help online shoppers make the right product choices.

    Johnson isn’t divulging much about his new start-up, or exactly what it will offer.

  • Nielsen: North American consumer confidence up in Q3

    New York -- Consumer confidence in the North America region improved four points to 107 on the Nielsen Consumer Confidence Index for the third quarter of 2014. Consumer confidence levels above and below a baseline of 100 indicate degrees of optimism and pessimism, respectively, with the latest results reflecting an outlook of cautious optimism.  

  • Generic utilization lifts CVS Health in Q3

    Tailwinds from specialty pharmacy and increased generic utilization lifted CVS Health up on Tuesday, as the company posted net revenues of $35 billion, representing an increase of 9.7% for the three months ended Sept. 30.

  • Construction completed on phase two of Fortuna Commons shopping center

    Yuma, Ariz. -- Construction is complete on Phase 2 of the Fortuna Commons shopping center, anchored by Fry’s Food & Drug. New tenants include Firehouse Subs, Goodwill, and AutoZone.  

  • RetailROI Rallies Retail Industry to Combat Ebola

    Responding to the Ebola virus that has ravaged West Africa, RetailROI has launched a major campaign to help fight the disease in Liberia. Working with its partner charities operating in Liberia, including More Than Me and Love In Action, the #RetailFightsEbola campaign is rallying retailers, manufacturers and individuals to provide much-needed medical and hygienic supplies to Liberia.

    RetailROI’s goals are two-fold:

  • Survey: Retailer use of social media for product development grows 550%

    Boston -- The current use of social media data by retailers for merchandise planning is limited, with only 39% using it for product development and only 35% using it for promotional planning.  
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