Data & Analytics

Petco is preparing for a potential initial public offering or sale that could value the pet supplies retailer at between $4 billion and $5 billion.

Reuters is reporting that the retailer has selected Goldman Sachs to help with an IPO of the San Diego-based company that could take place as soon as this year.

The pace of store closings at Office Depot is accelerating and employee retention costs are rising as the retailer maintains that its merger with Staples will close by year end.

Consumers don’t see “channels.” They are time-starved and information-rich, and use technology that they carry around in their pockets and purses to find the best solutions to their lifestyle needs.

The practice in retail of creating different brand experiences in different channels has gone beyond being an inconvenience to shoppers. It is the central challenge that retailers are grappling with today.

Green Bay, Wis. – Shopko Stores is looking more closely into how it uses store space. It’s also looking more deeply into customer’s market baskets.

The retailer has renewed its license of APT’s Test & Learn and Market Basket Analyzer software for another three years.

Boston -- Online licensed-sports apparel retailer Fanatics has taken website testing and optimization to a whole new level.

Fanatics is using SiteSpect’s Origin Experiments to test more than site aesthetics, such as headlines and font color. The solution empowers Fanatics to execute a broad range of tests on new site features and functionality, such as on-site search and checkout flow.

Boca Raton, Fla. – Office Depot is accelerating its previously announced plan to close at least 400 stores as the retailer awaits its acquisition by Staples.

After shuttering a greater than expected 99 stores in the second quarter, Office Depot boosted its 2015 store closing target to 175 locations, with another 60 due to close in 2016. The closings are on top of 153 closings throughout 2014, including 108 stores in the fourth quarter of last year.

With second-quarter net revenues up 7.4% to $37.2 billion, CVS Health shows no signs of slowing down.

The options for consumers who dread the store checkout lane are exploding now that fast growing Instacart is on a hiring spree and competitor Deliv says it will be expanding into more than 100 cities.