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Data & Analytics

  • Target to cut thousands of jobs in $2 billion restructuring

    New York -- Target Corp. plans to cut “several thousand” jobs, mainly at headquarters, during the next two years and invest $1 billion in technology and supply chain in 2015 as part of an ambitious and wide-reaching plan to transform its business for a digital age. (Target expects to invest between $2 and $2.2 billion in total capital expenditures in 2015.)
     

  • Store Design: Quantifying the bottom line results

    New York -- Retailers who take a holistic approach to measuring the benefits of new store designs are most successful in accurately quantifying the bottom-line results, according to new research from EWI Worldwide and A.R.E. (the Association for Retail Environments).

  • Best Buy Q4 profit tops view, revenue misses; boosts dividend

    Minneapolis – Strong sales of high-margin consumer electronics and TVs during the holiday season, as well as declining expenses, helped Best Buy Inc. beat Wall Street expectations for profit in the fourth quarter of fiscal 2015. The retailer on Tuesday reported that net income surged 77% to $519 million from $293 million in the year ago period.

  • Stage Stores boosts Q4 profit, will close 10-20 stores

    Houston – A dropping cost of sales helped Stage Stores Inc. boost net income 76% to $43.72 million in the fourth quarter of fiscal 2014, up from $18.26 million the same quarter a year earlier. Net sales climbed 6% to $524.89 million from $492.54 million, and same-store sales rose 6.4%.

    Stage Stores plans to close 10-20 stores and open two new stores during fiscal 2015.

  • Survey: Free shipping still drives online purchases

    Reston, Va. - Online shoppers around the world want the ability to search and shop on multiple channels and devices, expect to see alternate delivery and payment options, and when it comes to shipping and returns, “free” is a driving factor to complete the sale. According to the second UPS Pulse of the Online Study conducted with comScore Inc., American online shoppers are open to new trends on social media and in-store technologies, making more purchases on tablets than any other market.

  • Shoes.com refreshes site, expands assortment

    Seattle – Shoes.com is not just standing still, tapping its toes. The Shoes.com website has been formally re-launched with a refreshed design and expanded product offering, now with more than 450 brands.

    As part of the new design, Shoes.com makes it easier for customers to find what they’re looking for with better navigation, product categorization and refined search. Choosing a product is also easier with more customer reviews and improved product images, including videos.

  • BDO survey: Retail ripe for M&A activity in 2015; increased focus on EBITDA

    Chicago -- Expect another busy year of retail mergers and acquisitions, according to an annual survey of retail CFO’s by BDO USA. In the most bullish forecast for deal flow in the survey’s nine-year history, 16% of surveyed retail CFOs cite M&A activity as the growth tactic they are most heavily focused on for 2015, up from just 3% in 2014. Seventy-three percent of the CFOs expect the activity will take place primarily in the United States, and 15% expect Asia to see the most activity.

  • Deckers Brands rolls out Asia-Pacific e-commerce site

    Goleta, Calif. - Deckers Brands is rolling out the company's first multi-brand e-commerce platform in the Asia-Pacific (APAC) region, Style X Deckers. The service, which has more than 100 SKUs of products from UGG, Teva, Sanuk and Hoka One One is expected to launch in five APAC countries during the first half of 2015.

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