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Business Analytics

  • CEO and chairman resign from Jones Soda, CFO position cut

    SEATTLE — William Meissner has resigned as CEO and board member of Jones Soda. Richard Eiswirth has also resigned as chairman of the board. Both resignations are effective Jne 30. Jennifer Cue will become the company's CEO. Mick Fleming, long-standing board member, will assume the role of chairman of the board.

    The company also announced the elimination of the CFO position effective June 30. Carrie Traner, VP finance and principal financial officer will assume . Stapleton's duties.

  • Ikea powers up solar panels at Orlando store

    Orlando, Fla. -- Ikea said Wednesday that it has officially plugged-in the solar energy system installed at its store in Orlando, Fla.

    The 120,900-sq.-ft. PV array consists of a 967-kW system, built with 4,115 panels. The retailer said the program will produce approximately 1,421,500 kWh of clean electricity annually, the equivalent of reducing 1,080 tons of carbon dioxide, eliminating the emissions of 192 cars or powering 122 homes yearly.

  • Dollar General to sell $450 million in senior debt

    Goodlettsville, Tenn. -- Dollar General Corp. said Wednesday it is offering $450 million in senior notes due in 2017.

    The retailer said it plans to use the proceeds, along with cash on hand and possible other borrowings, to redeem its outstanding senior unsubordinated notes.

    Citigroup, Goldman, Sachs & Co. and KKR are serving as joint book running managers for the offering. BofA Merrill Lynch, Barclays, J.P. Morgan, Wells Fargo Securities, Fifth Third Securities, HSBC, KeyBanc Capital Markets, and US Bancorp are co-managers.

  • Lowe's teams with Microsoft to improve customer service

    Redmond, Wash. -- Microsoft said Wednesday that Lowe's Home Improvement is engaging its services to help improve customer service. The retailer will implement Microsoft Office 365 across more than 1,745 stores, 200,000 employees and its corporate offices in the United States, Canada and Mexico.

    Office 365 will help Lowe’s improve customer service by providing collaboration tools to increase communication among its stores and employees.

  • Walmart web traffic surges in May

    Online measurement firm comScore is out with its top 50 web properties report and Walmart.com must be doing something right judging from a surge in traffic.

    Walmart.com was ranked 24th on the top 50 list for May with 42.4 million unique visitors, a 9% increase from the prior month when comScore showed Walmart.com had 38.8 million unique visitors in April. The gain in web traffic over the same month the prior year is even more substantial as Walmart.com registered a 26.2% increase from a May 2011 unique visitor total of 33.6 million.

  • Economic angst has CEOs on edge

    The purchasing power of Walmart shoppers is on the rise as gas prices come down and the improved spending outlook has the company’s share price setting new highs. What’s there to worry about?

    Plenty, according to a survey of top executives conducted by the Business Roundtable, an organization that represents companies who combined employ more than 14 million people and generate $6 trillion in annual sales. Member companies include the likes of Walmart, General Electric, AT&T, ExxonMobil and American Express.

  • Reduced Costs With Site-Recovered Energy

    Retailers and other building owners are caught between two powerful and conflicting forces: the need to lower energy and equipment costs, and the need to meet or exceed outdoor air ventilation regulations for the health and comfort of customers and employees alike. Indeed, studies have proven that outdoor air ventilation creates a healthier work environment. However, as outdoor air rates increase, so does the size, cost and operating expense of HVAC systems.

  • The Container Store Deploys Voice Picking

    The Container Store credits its “employees-first” culture as integral to its success, believing that if you make employees your highest priority, they in turn will take better care of customers. It’s a business model that extends to all facets of the chain’s operations — including the decision to deploy a voice-directed warehouse picking system.

  • STEIN MART

    JACKSONVILLE, Fla. — Stein Mart shareholders have re-elected the following people to the company's board of directors:

    Jay Stein, Ralph Alexander, Alvin R. Carpenter, Irwin Cohen, Susan Falk, Linda M. Farthing, Mitchell W. Legler, Robert L. Mettler, Richard L. Sisisky, Martin E. Stein, Jr. and John H. Williams, Jr. Each will serve one year terms

  • Big data development is major move for Big Blue

    The phrase “big data,” is all the rage these days and IBM made a major move to drive growth.

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