At Home Depot, a big-ticket surge
Home Depot's chief merchant Ted Decker pointed to solid performance of core maintenance and repair categories, as well as many pro-focused categories during the second quarter.
So it's no wonder he said the company was "pleased" with its Q2 results.
"We continue to see notable strength with our pro customers," he said. "Pro sales grew faster than the company comp, led by our high-spend pro customers." Plus, high temperatures turned up the heat on the sales of air conditioning, fans and air circulation products.
During the company's second quarter conference call with investors, Decker provided the following numbers:
2.2%: growth of total comp transactions
2.5%: growth of average comp ticket
8.1%: growth of transactions for tickets over $900
1: rank of appliances among all merchandise departments in terms of comp growth
10%: minimum traffic growth of online business
50%: amount of online traffic through mobile and tablet
42%: amount of online orders using physical stores for fulfillment
90%: amount of online product returns processed through physical stores
Dick’s Sporting Goods acquires team business tech firm
Back in January, Dick’s Sporting Goods launched Team Sports HQ in an effort to capture the nation’s lucrative youth sports league business. Today the company announced the purchase of the tech to get it there.
Affinity Sports, acquired by Dick’s’ for an undisclosed price, creates software that facilitates the registration, scheduling, and communication processes between national or regional governing bodies and their associated leagues. Dick’s aims to close the loop in this system via HQ that will let leagues design gear and coaches and parents order uniforms from Dick’s on team websites.
“The acquisition of Affinity Sports will help us to deliver an unparalleled service to some of the largest youth sports organizations in the country," said Dick’s CEO Edward Stack in a statement announcing the acquisition.
It will also allow Dick’s to grab a huge share of a strong and steady business. In a 2013 study, Turbo Tax determined that 20 million U.S. children ages 6 to 16 participated in organized, out-of-school sports and that their parents spent an average of $671 a year outfitting them.
Sephora redefines beauty retail in Toronto
Sephora is opening its first Beauty TIP Workshop concept store in Canada.
The new Sephora Yorkdale is one of four stores in North America to feature the 'Teach, Inspire, Play' concept, where digital technology and services fuse.
The retailer says it plans to conduct a year-long market intensification in the greater Toronto area, the newly renovated 9,146 square foot expansion of the Yorkdale store has been reimagined as a next-generation environment that is rooted in discovery and innovation.
According to the retailer, at the heart of the new store concept is the beauty tip workshop that brings the Teach, Inspire, and Play approach to life. The Workshop consists of an area for up to 10 clients to learn via group beauty classes led by Sephora experts, gain self-guided access to tutorials using iPad stations, or to gather inspiration from The Beauty Board, Sephora's own shop-able gallery that showcases user-generated content via a large digital screen. Each station is equipped with its own product, iPad, USB port and wifi, so clients can play, browse and share looks on the digital screen and online, right from their seat.
The store also features an expanded Beauty Studio offering complimentary makeovers with larger stations for even more access to Sephora's in-store services and expertise. The new set-up includes 12 beauty studio seats, and Sephora + Pantone Color IQ touchscreens, with updated IQ technology including foundation, lip colour and concealer for a scientifically precise match to complement your skintone from Sephora's selection of 1,900+ foundations, 400 concealers and 3,500 lip shades, and new mirror and canopy lighting fixtures for maximum light exposure.
Coming in September, the Skincare Studio will offer one-on-one skincare consultations, complete with a sink station and four well-lit seating areas to facilitate the new Mini Facial service. Incorporated into The Skincare Studio is a unique touchscreen that offers instant access to Sephora's exclusive Skincare IQ diagnostic, helping clients determine the best products based on their skin concerns and demystifying the wide range of skincare solutions Sephora offers.
Sephora's Yorkdale store will feature an endless assortment of brands, including:
The Yorkdale space also features digital signage throughout the store, brighter lighting, a larger cash wrap, additional mobile POS stations, easier-to-shop fixtures and navigation signage, and a dedicated gift wrap station.