News

Boca Raton, Fla. -- Office Depot said Thursday it has extended its deadline for board nominations; the move comes after discussions with its largest shareholder Starboard Value were held.

The extension allows stockholders to nominate candidates until the close of business on Feb. 25.

Activist hedge fund Starboard has been pushing for changes at Office Depot, arguing that the company could improve profitability in part by reducing expense.

HAMPSHIRE, U.K. — Retailers are predicted to spend $55 billion on mobile marketing by 2015, which is almost double the $28 billion expected this year, according to a new study by Juniper Research.

James Cordero, senior director of Walmart’s Smart Network, is among four new appointees to the advisory board of the Digital Signage Expo.

CUPERTINO, Calif. — Apple posted a first quarter profit of $13.1 billion, or $13.81 per diluted share, and $54.5 billion in revenue, thanks to the continued popularity of its iPhone and iPad products.

These results compare with revenue of $46.3 billion and net profit of $13.1 billion, or $13.87 per diluted share, in the 14-week year-ago quarter. 

Boston -- Popular jewelry retailer Alex and Ani implemented a mobile point-of-sale application that all but eliminated customer lines and helped increase sales by 318% over the previous holiday season, Mobiquity announced.

MINNEAPOLIS — Target is giving "Twi-hards" an exclusive way to experience the final installment of the "Twilight" series with its offering of a three-disc deluxe edition DVD and exclusive two-disc deluxe edition Blu-Ray. Available only at Target stores on March 2 and for preorder at Target.com now, the exclusive Target version features more than 50 minutes of never-seen-before bonus content giving Twilight fans a new way to experience the saga.

London -- Three cities in Germany are ranked the top five European markets for commercial real estate investment, according to a report by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC).

Munich took the top spot in the report, “Emerging Trends in Real Estate Europe 2013,” followed by Berlin, London, Istanbul and Hamburg. The ranking of 27 cities across Europe was based on respondents’ expectations for market performance in 2013.

GOODLETTSVILLE, Tenn — Dollar General has big plans for growth in 2013 with the creation of 6,000 new jobs and the planned addition of 635 new stores and 550 relocations. With the addition of these jobs in 2013, Dollar General will have created approximately 30,000 jobs in the last six years.