Data & Analytics

New York -- Retail financial chiefs are increasingly optimistic about economic prospects over the next 12 months and plan to pivot toward expansion and adding jobs, according to a survey by American Express.

The fifth annual American Express/CFO Research Global Business & Spending Monitor, a survey of 541 senior finance executives from the United States, Europe, Canada, Latin America, Asia and Australia, revealed that investments in expanded operating capacity, research and development, and mergers and acquisitions are once again on the table.

Petaluma, Calif. -- Walmart stores equipped with smart irrigation controllers from HydroPoint Data Systems have reduced outdoor irrigation water use an average of 39% per location since the systems were deployed in 2008, the companies announced.

HydroPoint supplied 631 of its WeatherTrak controllers to select Walmart stores. The systems, which are designed to eliminate landscape water waste, harmful run-off and costly hardscape damage, were added during new store construction and as retrofit projects.

Atlanta -- Home Depot reported Tuesday that profit for the first quarter rose a healthy 27.5% to $1.04 billion, aided by warmer weather during the period.

Sales rose 6% to $17.81 billion from $16.8 billion, missing analysts’ forecasted $17.89 billion in revenue. The company boosted its 2012 outlook based on year-to-date performance. Same-store sales increased 5.8% in the quarter, with a strong 6.1% gain in the United States.
 

CINCINNATI — The International Association for Food Protection is honoring Kroger with the 2012 Black Pearl Award for advancing food safety and quality.

The  (IAFP) names one company annually for its efforts to advance food safety and quality through consumer programs, employee relations, educational activities, adherence to standards, and support of the goals and objectives of the IAFP.

Dallas -- J. C. Penney Co. on Tuesday reported a loss of $163 million, or 75 cents a share, for its fiscal quarter ended April 28, 2012, compared with a year-earlier profit of $64 million.

Excluding markdowns to reduce inventory levels, restructuring costs and pension-plan expenses, the loss was $55 million or $0.25 per share, compared with a year-earlier profit of 36 cents.

ATLANTA — Warm weather and demand for core products helped drive up sales and earnings at The Home Depot during its fiscal first quarter. The company reported sales of $17.8 billion for the first quarter of fiscal 2012, a 5.9% increase from the first quarter of fiscal 2011. Comparable-store sales for the first quarter of fiscal 2012 were positive 5.8%, and comp sales for U.S. stores were positive 6.1%.

New York -- Walmart plans to install solar panels on about half of its stores in Massachusetts, making it the largest user of solar power in the state.

Walmart is partnering with Greenskies Renewable Energy LLC, Middletown, Conn., on the project, which involves 27 stores.

Fort Worth, Texas -- Customer analytics firm Buxton announced it will officially launch the latest version of its real estate and analytics platform at the International Council of Shopping Centers RECon show in Las Vegas later this month.

SCOUT 3.0 is a cloud-based, data visualization and analytics tool used by executives in the retail industry to execute real estate and marketing strategies. The platform includes dashboard capabilities for C-level executives to see performance across their entire organization via mobile/tablet technology.