News

CVS Health surpasses expectations once again
With second-quarter net revenues up 7.4% to $37.2 billion, CVS Health shows no signs of slowing down.
Office Depot picking up pace of store closures
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.

Petco picks bank for possible IPO

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.
Is this the next retailer headed for an IPO?

New York -- Petco Animal Supplies may be headed for an initial public offering or sale.

The retailer has selected Goldman Sachs Group to help with an IPO or sale that could value the pet supplies retailer between $4 billion and $5 billion, including debt, Reuters reported.

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Store closings accelerate as Office Depot awaits FTC ruling

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.
Three Reasons Cloud-Hosting Providers are Targeting Retail

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.
Barnes & Noble's education unit has big digital plans

Just in time for back-to-school season, Barnes & Noble's college bookstore division, which just separated from the the larger books and games retailer, is looking to acquire digital services to speed its growth.
Publix still has the winning recipe

While Whole Foods and other food retailers struggle against increasingly stiff competition, Publix seems to be answering potential threats to its business with ease, if the company's second quarter results are any indication.
Sears to report first profit in three years but no good news about sales

Hoffman Estates, Ill. – Sears Holdings Corp. is expecting to announce some rare good news about profits thanks to a real estate spinoff when it reports its second quarter results on Aug. 20. But the news will be tempered by dismal sales results.
Office Depot recognized for business product quality

Boca Raton, Fla. - Office Depot, Inc. has been recognized for outstanding product quality and service by privately-held home builder David Weekley Homes.

This marks the 10th consecutive year that Office Depot has received the “A,A Partners of Choice” award given this year to 15 of David Weekley Homes’ suppliers.