Source: Costco Wholesale & Retailing Today Don’t be fooled by Costco’s tepid sales growth and first quarter profit decline. The company is accelerating expansion and pursuing some intriguing digital partnerships while members continue to renew at record rates. Costco is planning on a net increase of 32 new warehouses (10 more than last year) during […]
Source: HBS Dealer Orchard Supply Hardware is still marching toward its expansion goal of 100 stores and $1 billion in sales by 2017. And the San Jose, California-based retailer with deep Golden State roots has learned a thing or two during its journey, according to president Bob Tellier. The 76-store chain is actively upgrading its […]
Jason Ballard remembers the time some guys from Home Depot came poking around in TreeHouse, his eco-conscious home-improvement store in a strip mall in southwest Austin. They were wearing suits and trying to act nonchalant, a ruse undercut by their questions to Ballard’s employees. How much of this does the business keep in inventory? […]
Source: Retailing Today More Americans are planning holiday-related purchases this year than in 2014, and those who plan to shop will spend more over a longer period of time, according to the International Council of Shopping Centers. The 2015 ICSC Consumer Forecast shows that 90% of Americans are planning holiday purchases this season, up from […]
In another indication of its growth aspirations, 99 Cents Only named a former high ranking Kroger executive president and CEO just months after the retailer tapped former Walmart executives to fill the head merchant and CFO roles at the 389-store retailer. Former Kroger and Procter & Gamble executive Geoffrey Covert, 64, was named president and […]
Source: RTT News Membership warehouses operator Costco Wholesale Corp. (COST) on Wednesday reported a 1 percent decline in net sales for the month of August from the same period last year. Comparable sales for the month decreased 2 percent, while it grew 5 percent after excluding the negative impacts from gasoline price deflation and […]
Ongoing operational changes at Wal-Mart could mean more costs for suppliers on top of recently added charges related to the retailer’s efforts to amend its vendor contracts. Walmart U.S. CEO Greg Foran said in Tuesday’s (Aug. 18) earnings release that several changes underway will have a direct impact with suppliers. Somewhat buried in the release […]
Source: Hardware & Building Supply Dealer The Home Depot said Monday it completed its $1.625 billion acquisition of Interline Brands, a national distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products. The agreement to acquire Interline was previously announced on July 22, 2015. “We’re delighted to officially welcome Interline’s associates and customers […]
Source- Retailing Today Growth prospects for the food and consumables business at 99 Cents Only just improved considerably following the appointment of a former Walmart EVP of merchandising to a key role. Jack Sinclair was named chief merchandising officer at 99 Cents Only in a move that signals the retailer’s growth aspirations. Sinclair left Walmart […]
Source- Washington Post A few years ago, Americans who wanted to invest in China would have a lot of homework — and legwork – -to do. Most would have to hire someone halfway around the world to check out the investment for them. An investigator might drive for hours over the empty plains of Inner […]