Most chief marketing officers expect their competitors to be more promotional this coming holiday season than last, but when it comes to their own companies, they're planning to dial back on promotions in 2015, according to a new survey.
On Oct. 23, America lost one of its greatest retailing entrepreneurs, Tom Stemberg, who invented the office superstore industry close to 30 years ago. Tom, a Boston resident was a grocery executive early in his career. He came up with the idea of a supermarket for office products after driving around looking for a typewriter ribbon. He then founded Staples, now a $22 billion worldwide company.