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Hointer Is High-Tech, High-Feel
Robotics and smartphone app power Amazon vet's retail start-up
A Seattle-based retail start-up with an in-store backend robotic system and a smartphone app that rivals the convenience of an online shopping cart is generating big buzz these days. Founded and headed up by Nadia Shouraboura, former head of supply chain and fulfillment technologies for Amazon.com, Hointer combines the best of online and brick-and-mortar retailing to take the hassle out of shopping.
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OfficeMax profit misses
Naperville, Ill. -- OfficeMax on Tuesday reported a lower-than-expected profit, for its first profit, hurt by declining technology sales. Prior to its earnings release, the company also announced a special dividend of $1.50 per share.
OfficeMax's first-quarter profit available to shareholders rose to $56.3 million, from $4.9 million a year earlier. Sales fell 5.65% to $1.77 billion, while analysts expected $1.83 billion.