News

How TJX is avoiding the retail sales slump
TJX shows no signs of losing its popular appeal with shoppers as the company reported stronger than expected traffic and same-store sales in the third quarter.

For the third quarter ended Oct. 31, same store sales at TJX Companies rose 5.3%. The company said net income fell to $587.3 million, from $595 million a year earlier. On a per share basis, net income rose to 86 cents per share from 85 cents, as the company had fewer shares outstanding. Revenue rose to $7.75 billion from $7.37 billion.
LEDs: Benefits Extend Beyond Worth Energy Savings
Retail facilities are making the shift to LEDs, a more efficient, brighter and longer lasting lighting option saves energy and reduces operating costs. Its rapid return on interest makes LED retrofitting a smart, simple fix.

But what if LED lighting installations could also increase and guide purchasing decisions? What if thoughtful placement and controlled lighting could make customers feel more comfortable and safe, and make employees more productive?

Weak sales trend hits Dick's Sporting Goods

The CEO of Dick's Sporting Goods said strong back-to-school sales couldn't help his company recover from a slowdown in consumer spending in the third quarter.

For the third quarter ended Oct. 31, Dick's reported a 0.7% increase in same-store sales. Earnings were $47.2 million, or 41 cents a share, compared with $49.2 million, or 41 cents a share, in the same period a year ago. Revenue rose 7.6% to $1.64 billion.
Walmart U.S. is Q3 bright spot

Despite weak overall sales growth and an expected decline in third quarter profits, Walmart’s third quarter results offered reasons for the company to be optimistic and for competitors to be concerned.
Kohl’s names Walgreen exec new COO, maybe CEO

Kohl’s has named Walgreens' former digital and chief marketing officer to the newly created role of chief operating officer and indicated she could eventually replace Kevin Mansell as CEO.

Kohl’s named Sona Chawla to the newly created position of COO, which might as well stand for chief omnichannel officer given her range of responsibilities and most recent experience at Walgreens. She will report directly to Kohl’s chairman, president and CEO Kevin Mansell.
Product Safety 2.0
Dollar General offers its holiday deals guide

Dollar General is looking to help its customers stretch their budget this holiday season with an updated assortment of toys, as well as digital coupons, hot deals and low prices online and in-store.
All gift cards not created equal—especially when it comes to resale

Popularity and resale value do not always correlate when it comes to gift cards.

Visa is tops in a ranking of the gift cards expected to be most popular this holiday season.

Rounding out the top 10: American Express; iTunes; Wal-Mart; Target; Starbucks; Netflix; eBay and Google Play. The ranking is from CardHub, a credit card comparison Web site owned by Evolution Finance.
Utilizing Cloud Technology for Workforce Management: Q&A with Kronos’ Liz Moughan

Retail cloud technology deployments have been getting a lot of attention lately. However, the most publicized retail uses of cloud technology tend to be flashy, front-end implementations.

But the cloud is not just suited to running customer-facing systems. Cloud technology can also serve as an ideal platform for back-end systems and functions, such as workforce management, according to Liz Moughan, director, retail and hospitality practice group of workforce management software and services provider Kronos Inc.
CFO Survey: Technology capital spending to drive 2016 financial plans

Data security, systems upgrades and healthcare reform rank among the top concerns for corporate financial decision makers.

That’s among the key findings of a survey by TD Bank, which also reveals that CFOs plan to significantly increase their company's capital spending in 2016. Respondents cited three main keys areas of capital spending for 2016: technology (58%), existing facilities (44%) and data security (41%.
Ahold/Delhaize firm up exec team

Their merger isn’t expect to close until-mid 2016, but Ahold and Delhaize Group have named more senior executives to interesting new roles to lead the combined company.

Ahold and Delhaize Group announced more members of the proposed executive committee of the combined company to be known as Ahold Delhaize. As previously announced in June, the proposed Ahold Delhaize management board consists of CEO Dick Boer, Deputy CEO and Chief Integration Officer Frans Muller, CFO Jeff Carr, COO Europe Pierre Bouchut, COO USA Kevin Holt, and COO USA James McCann.
Retail CMOs forecast 2015 Black Friday sales up 2.4%