FINANCE

Home Depot focuses on supply chain, Internet

BY Dan Berthiaume

Atlanta — Executives from The Home Depot told attendees at an analyst meeting in New York on Monday that the company is focusing on improving its supply chain and Internet operations and expects a moderate recovery in the U.S. housing market. Roughly $450 million of Home Depot’s $1.5 billion capital spending budget for the current fiscal year is slated for IT projects.

In addition, Home Depot is also attempting to improve store productivity and is piloting five paint stores in the Chinese market.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

Survey: Young consumers use mobile retail apps

BY Dan Berthiaume

Portland, Maine – Consumers younger than 35 are nearly twice as likely to download a mobile app from a retailer or brand as those older than 50, according to data from a new survey conducted by CashStar and Digital Research. More than half of consumers who download retailer or brand mobile apps are use them at least once a week, most commonly for coupons, discounts and sales.

In addition, half of survey respondents have used or currently used a digital wallet and digital wallet users are more likely to use their smartphone or tablet to make purchases online with more frequency than non-digital wallet users.

Other results include that more than one-third of respondents have made an in-store purchase using a mobile phone, men use smartphones more than women but women are more likely to use iPhones, and the beauty sector is the retail sector with the most Apple Passbook ads. In addition:

  • Forty-nine percent of respondents have downloaded five or more retailer/brand apps from a mobile phone and 33% have done so from a tablet.
  • Forty-one percent of respondents who have downloaded one or more mobile apps use them weekly and 15% use them daily.
  • The most popular specific uses for mobile retail apps include coupons (63% of respondents), discounts (61%), sales (60%) and browsing inventory (55%).
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

OfficeMax and Office Depot hire CEO search consultant

BY Dan Berthiaume

Naperville, Ill. – OfficeMax Incorporated and Office Depot Inc. have hired global talent management consulting firm Korn/Ferry International to assist the search for a new CEO for the combined company that will result from the proposed OfficeMax-Office Depot merger.

The search will include both incumbent CEOs Neil Austrian of Office Depot and Ravi Saligram of OfficeMax, as well as external candidates.

Both incumbents will remain in their current positions through the search process, which the companies expect to conclude near or at the anticipated close of the merger in December 2013.

keyboard_arrow_downCOMMENTS

Leave a Reply

A.Khatri says:
Jun-11-2013 05:06 pm

Both incumbents
Both incumbents will remain in their current positions through the search process, which the companies expect to conclude near or at the anticipated close of the merger in December 2013.המרכז הארצי לבחינות

A.Khatri says:
Jun-11-2013 05:06 pm

Both incumbents will remain in their current positions through the search process, which the companies expect to conclude near or at the anticipated close of the merger in December 2013.המרכז הארצי לבחינות

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...