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Office Depot extends olive branch to Starboard

BY Dan Berthiaume

Boca Raton, Fla. — Office Depot is making a public offer to its largest shareholder, Starboard Value LLP, to settle a dispute about who should serve on its board of directors. In a press release, Office Depot said that if CEO Selection Committee members Tom Colligan and Marsha Evans are re-elected, the company would immediately invite to its board of directors any of the three Starboard nominees recommended by proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis who are not elected.

Starboard is recommending its own slate of nominees for election at the Office Depot annual meeting which will be held Aug. 21. Starboard has voiced concerns about the direction of the planned Office Depot-OfficeMax merger, expected to close by the end of this year. Office Depot says that if Starboard accepts its compromise the board will increase its size, as required, immediately following the annual shareholders meeting to accommodate the additional director nominees recommended by the two advisory firms.

“We have listened carefully to Office Depot shareholders and understand that they are supportive of adding new perspectives to the board,” said Neil Austrian, chairman and CEO of Office Depot. “At the same time, shareholders are also telling us that they do not want this election to impede the progress made by the CEO Selection Committee, which includes director nominees Marsha Evans and Tom Colligan. We believe that maintaining the integrity of the Selection Committee and the progress they have made are of paramount importance.”

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Report: Twitter, older adults drive widespread social media use

BY Dan Berthiaume

Washington, D.C. – Seventy-two percent of online adults in the U.S. use social media. Data from the Pew Research Center’s Internet & American Life Project shows that Twitter is helping drive this widespread social media use, as the percentage of Internet users who are on Twitter has more than doubled since November 2010, currently standing at 18%.

Internet users ages 18-29 are the most likely to use Twitter — 30% of them now do so. However, older adults are also a key factor in overall social media usage rates. Pew data shows that adults ages 65 and older have roughly tripled their presence on social networking sites in the last four years, from 13% in the spring of 2009 to 43% now.

The results in the Pew report were based on data from telephone interviews conducted by Princeton Survey Research Associates International from April 17 to May 19, 2013, among a sample of 2,252 adults age 18 and older.

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Oracle upgrades Retail Allocation

BY Dan Berthiaume

Santa Clara, Calif. — Oracle Corp. is launching version 13.3 of its Retail Allocation solution that is designed to deliver real-time inventory levels along with sales and planning information for better assortment planning. Oracle Retail Allocation 13.3 uses embedded business intelligence and multiple data sources to support role-based dashboards that give recommendations based on the entire lifecycle of a product.

In addition, a modern Java interface employs product images rather than just the SKU number or product name. The solution also integrates with the broader suite of Oracle Retail solutions.

“Oracle impressed us with its very functional and easy-to-use Oracle Retail Allocation capability,” said Greg Girard, program director for merchandise strategies, IDC Retail Insights. “This application leverages Oracle Fusion Middleware technology and templates to speed effective distributions and allocations, and it also integrates to Oracle Assortment Planning and Size Profile Optimization. “Underneath the covers, Oracle is enabling better process and data flows and better process orchestration, supporting better decision processes, more effective use of resources, and higher levels of productivity.”

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Oracle upgrades Retail Allocation

By Dan Berthiaume

Santa Clara, Calif. — Oracle Corp. is launching version 13.3 of its Retail Allocation solution that is designed to deliver real-time inventory levels along with sales and planning information for better assortment planning. Oracle Retail Allocation 13.3 uses embedded business intelligence and multiple data sources to support role-based dashboards that give recommendations based on the entire lifecycle of a product.

In addition, a modern Java interface employs product images rather than just the SKU number or product name. The solution also integrates with the broader suite of Oracle Retail solutions.

“Oracle impressed us with its very functional and easy-to-use Oracle Retail Allocation capability,” said Greg Girard, program director for merchandise strategies, IDC Retail Insights. “This application leverages Oracle Fusion Middleware technology and templates to speed effective distributions and allocations, and it also integrates to Oracle Assortment Planning and Size Profile Optimization. “Underneath the covers, Oracle is enabling better process and data flows and better process orchestration, supporting better decision processes, more effective use of resources, and higher levels of productivity.”

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