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Data & Analytics

  • Discounter’s head of risk and compliance to depart

    Target is losing another key executive.   Jackie Rice, Target's chief risk and compliance officer, announced she will be leaving the company at the end of the month. Rice announced that leaving is a personal decision, and she wants to be closer to her family who lives outside of Minneapolis, according to the Minneapolis-St. Paul Business Journal.  

  • Discount giant steps up cloud and AI initiatives

    Walmart is making a bold move as it continues to seek out ways to distance itself from Amazon.   The discount giant is investing in Nvidia chips. These high-level graphical processing units (GPUs) will be the foundation of a robust cloud network where Walmart data scientists can build out AI systems, reported Geek Wire.  

  • Regulatory Wrap-Up: Obama overtime rule struck down

    Wages

    Overtime: A federal district court judge officially struck down the Obama-era overtime rule which would have raised the overtime threshold to $47,476/yr. The same judge issued a stay of the rule last December. The final decision was based on the argument that job responsibilities, and not just salary levels alone, should have been considered in setting the threshold.   

  • Enter the Daily Needs Mall

    You’ve read the news: More and more spending is moving online and retailers that have not been able to adapt are falling by the wayside. E-commerce accounted for 8.9% of all retail spending in early 2017 and has nearly tripled its share of overall retail spending since 2008.    

  • Uniqlo creates plan to embark on digital transformation

    In a move to attract more specialized information technology specialists, Uniqlo is renovating its digital DNA.  

  • Five Below bullish as Q2 profit, sales beat the Street

    The spinner craze helped propel Five Below in its second quarter, as the teen and tween value-retailer turned in an exceptionally strong performance that topped expectations.   Revenue rose 28.7% to $283.3 million in the quarter ended July 29, topping analysts' estimates of $276.6 million. Same-store sales jumped 9.3%, the highest since the chain's IPO in June 2012.  

  • Warehouse club giant tops estimates in August

    Costco Wholesale Corp. turned in a strong performance in August, helped by a big increase in online sales.    Net sales rose 10% to $9.8 billion for the month of August, from $8.9 billion during the similar period last year. Total same-store sales rose 7.3%, higher than the 6.1% Wall Street expected. Same-store U.S. sales rose 7.4%, easily topping estimates for a 4.9% to 5.3% increase. Costco's comparable e-commerce sales jumped 26% in August.   

  • Westfield signs deal with Uber

    Westfield’s billion-dollar renovation of its Century City Mall in Los Angeles will include a swanky Uber Lounge when it is completed this fall.   Westfield has formed a partnership with Uber to facilitate use of shared rides at its centers nationwide. The mall owner will create drop-off and pick-up stations at every one of its U.S. properties, whose locations will be digitally mapped into the Uber app. The idea: make pick-ups and drop-offs easier and build mall traffic.  
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