Data & Analytics

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.

Retail is becoming an increasingly hot market for hosted cloud computing providers. Some of those providers, such as Amazon Web Services (AWS) and the Aliyun cloud division of Alibaba, are operated by retailers.

Woonsocket, R.I. -- CVS Health is showing no signs of slowing down.

The company reported that its second-quarter net income rose 2.1% to $1.27 billion. Adjusted earnings came to $1.22 per share, beating Zacks Investment Research analyst consensus of $1.20 per share.
 
Net revenues rose 7.4% to $37.2 billion.
 

Arlington, Va. – The nation’s leading retail associations have joined together supporting legislation to combat cyber threats.

The idea of pure play retail has evaporated. Retail’s continuing transformation and complex landscape now centers on the convergence of digital and physical channels, otherwise known as “digical.” The industry can no longer talk about analytics in isolation anymore – the shopper’s journey is channel-agnostic and retailers are in catch-up mode.

Asheville, N.C. – Profit stayed essentially flat at Ingles Markets Inc. for the third quarter of fiscal 2015. Ingles reported net income of $13.78 million, compared to $13.83 million the same quarter the prior fiscal year.

Lower interest and income tax expenses helped Ingles keep profits steady in the face of net sales declining 3% to $945.97 million, from $978.26 million. Declining gasoline prices negatively impacted sales.