News

Coca-Cola edits executive team
The Coca-Cola Company’s board of directors has named Ed Steinike as a senior VP and Robert J. Jordan Jr. as a VP. Jordan will succeed William D. Hawkins III as general tax counsel, who announced his intention to retire in March 2014 after 15 years of service with the company.
Men’s Wearhouse net income drops, sales rise in Q3
Fremont, Calif. – Men’s Wearhouse reported declining net income during the third quarter of fiscal 2013 even as net sales improved. Net income dropped about 22%, from $48.8 million in the third quarter of the prior fiscal year to $38.2 million.

Amazon dominates on Pinterest this holiday season

Amazon.com is the most popular U.S. online retail site when it comes to having Web content shared on Pinterest in the run up to Christmas 2013.

In a study of 10 top US retail sites, images and pages from Amazon.com are being shared most frequently on Pinterest, with Walmart and Apple taking second and third positions, respectively. According to a study conducted by digital marketing software and services specialist Searchmetrics, content from Amazon.com currently generates 16,360 pins per week, Walmart generates 5,778 pins per week and Apple generates 3,871.
A Return on Hope

Retailers usually measure  the success of project spending by ROI, or "return on investment." ROI measures how many dollars you get back for every dollar you invest. This is a prudent and necessary way of justifying investment in things like IT systems, facilities and processes.

But not everything of value can be measured by simple dollars and cents. How do you measure the return on hope given to hundreds of thousands of disadvantaged children, both in the United States and around the world?
November retail sales top estimates

Washington, D.C. – Retail sales in November increased a better-than-expected 0.7% seasonally-adjusted month-to-month, according to the U.S. Commerce Department. (The figure includes categories such as automobiles, gasoline stations, and restaurants.) Analysts were expecting sales to rise 0.6% in last month. The latest retail sales numbers were 4.7% above November 2012 numbers.
Washington D.C.’s first two Walmarts

Last week Walmart made headlines when it opened two stores in Washington D.C., drawing a small group of protestors and countless customers. But it seems like these Walmart locations are not quite like the others. BuzzFeed compiled a list of 19 things that make D.C.’s first Walmart stores stand out from the rest.

Click here to read the list.
Wolverine World Wide adds Unilever exec to board

Wolverine Worldwide has appointed Gina R. Boswell to the company's board of directors.

Boswell is EVP, personal care, for global food, personal care and household products company Unilever. She has held numerous senior leadership positions with other leading global companies, including Avon Products, Ford Motor Company and Estée Lauder Companies.
Study: Personal data, digital currency among retail trends for 2014

San Francisco -- Retail in the coming year will be more streamlined and integrated with online experiences, according to predictions from POS software provider Revel Systems.

In 2014, Revel Systems predicts the following industry advancements will begin to take shape:
Lifetime Brands exec Robert Reichenbach has died

Housewares industry veteran Robert Edmund Reichenbach, Lifetime Brands EVP and president of the cutlery and cutting board and cookware and bakeware divisions, has died. He was also president of the Cookware Manufacturers Association.
Tim Hortons introduces mobile payment

Oakville, Ontario – Customers at participating Tim Horton’s stores throughout Canada and the U.S. using BlackBerry 10 smartphones will be able to register a Tim Card on the TimmyMe mobile app and use NFC tap-to-pay technology to complete their order. Future development plans will also see this platform expanded to Android 4.4 devices.