FINANCE

Census Bureau: U.S. e-commerce sales near $65 billion in Q2

BY Dan Berthiaume

Washington, D.C. — U.S. retail e-commerce sales for second quarter 2013, adjusted for seasonal variation, but not for price changes, totaled $64.8 billion, an increase of 4.9% from first quarter 2013. According to estimates from the U.S. Census Bureau, this figure represented an 18.4% jump from U.S. commerce sales in second quarter 2012.

E-commerce sales in the second quarter of 2013 accounted for 5.8% of total U.S. retail sales of close to $1.13 trillion. Total retail sales grew 0.9% quarter-over-quarter and 4.7% year-over-year.

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O.Scott says:
Jan-22-2014 02:56 pm

Median income slumped last
Median income slumped last year, according to recently unveiled data from the U.S. Census. Working-class Americans are having a harder time of things, such as lower earnings among other financial maladies. Use a personal finance to help pay for your expenses while you wait for a raise. See more at: https://personalmoneynetwork.com/

O.Scott says:
Jan-22-2014 02:56 pm

Median income slumped last year, according to recently unveiled data from the U.S. Census. Working-class Americans are having a harder time of things, such as lower earnings among other financial maladies. Use a personal finance to help pay for your expenses while you wait for a raise. See more at: https://personalmoneynetwork.com/

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Versatile reshuffles executive leadership team

BY CSA STAFF

Vancouver-based Versatile Systems announced that Robert Joyce has resigned as a director and officer of Versatile and all its subsidiary companies. Joyce will continue working with the company as a consultant, and will assist in the management transition process.

Versatile also appointed Kenneth Kahn as president of Versatile Systems Inc. and its subsidiaries. Kahn was most recently EVP and global brand officer for Mood Media.

"Bob’s vision led to an enhanced strategic focus on the companies IP based products, which has provided the foundation for future growth," said John Hardy, CEO of Versatile. "While Bob has elected to leave the business to pursue new interests, I am very pleased that he will continue to actively assist Versatile. I would like to thank Bob for his many years of service and commitment to the company."

"I am deeply committed to enhancing Versatile’s operations and focusing the organization on key growth initiatives," said Kahn. "I intend to direct Versatile on a path to a profitable, growing company that delivers on its promise of turning data into knowledge, anytime, anywhere."

According to Versatile, its business solutions enable companies to improve sales, marketing and distribution of their products. Versatile also provides information technology services for the implementation, maintenance and security of mission-critical computer environments. Versatile has the ability to architect solutions involving both proprietary and third-party components.

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Terminix brings pest control to Canada

BY CSA STAFF

MEMPHIS, Tenn. — Terminix has entered the Canadian pest control market with the acquisition of substantially all the assets of Toronto-based Magical Pest Control. It is the first Canadian asset acquisition for the company.

Founded in 1997, Magical Pest Control is one of the largest pest control companies in Ontario. It specializes in commercial accounts and the property management sector, while also treating residential customers. The Toronto company, headed by president Mark Joseph, served customers throughout Ontario and eastern Canada.

Terminix’s Toronto operations will provide commercial and residential pest control services under the Magical Pest Control name. Under Terminix’s leadership, Joseph will continue to operate the business and work closely with the Terminix commercial team.

"Our acquisition of Magical’s operations marks an important strategic opportunity to expand our business to the growing Canadian market," said Larry Pruitt , president of Terminix, a subsidiary of ServiceMaster, one of the world’s largest residential service networks. "Magical’s impressive focus on customer-centric service, innovation, as well as its strong commitment to its team members, made for a perfect match as we begin to establish the Terminix footprint in Canada."

"When comparing companies with the resources to grow and improve Magical, our top priority was making sure our customers and our employees would be taken care of," said Joseph. "We have a tradition of providing exceptional service to uphold at Magical, and we were very careful to select a company that would enhance our service offerings, provide more opportunities for our associates, and maintain our tradition. We’ve found that in Terminix."

Terminix is headquartered in Memphis, Tenn., and services approximately 3 million residential and commercial customers in 47 states and 15 countries. Terminix provides pest control services and protection against termites, rodents and other pests.

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