OPERATIONS

OfficeMax opens digital collaboration center

BY Marianne Wilson

Naperville, Ill. — OfficeMax has opened a digital innovation collaboration center (called Digital IC2) in its headquarters in Naperville, Ill.

“I am extremely pleased to introduce our new Digital Innovation Collaboration Center, yet another key milestone demonstrating the overall progress of our Digital initiatives," said Ravi Saligram, president and CEO of OfficeMax. “The new center is aimed at fostering the creativity, collaboration and real-time innovation needed to expedite the delivery of digital solutions that expand upon our multichannel capabilities to better serve the rapidly changing ways that customers shop.”

The Digital IC2 was designed with direct input from digital associates to create a space that facilitates team communication and creativity based on the digital teams’ work styles to help bring innovation to market.

“OfficeMax is committed to expanding upon the award-winning digital experience that our customers have come to expect,” said Jim Barr, OfficeMax executive vice president and chief digital officer. “The OfficeMax Digital Innovation Collaboration Center is a highly interactive working environment that enables real-time innovation and ideation to help strengthen our position within the e-commerce and omni-channel landscape.”

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P.Mishra says:
Sep-19-2013 06:31 am

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P.Mishra says:
Sep-19-2013 06:31 am

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STORE SPACES

TGI Fridays unveils redesign

BY Marianne Wilson

Braintree, Mass. — TGI Fridays in Braintree, Mass., has reopened, revealing a new contemporary design being implemented at Fridays restaurants throughout the country.

The space has a fun, energetic vibe with a dramatically redesigned bar as its focal, complemented with an open kitchen.

The redesign is tailored to the Braintree community and location, and is part of a larger re-imaging campaign that Fridays will roll out over the next three years. Boston is among the first locations to undergo the process, along with Baltimore, Washington D.C. and Miami, with all locations expected to be redesigned by the end of 2015.

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REAL ESTATE

Dick’s Sporting Goods plans to add over 300 stores by 2018

BY Marianne Wilson

Pittsburgh — Dick’s Sporting Goods on Wednesday detailed its long-term plan to deliver sales and operating profit growth and drive shareholder value over the next five years, with the company’s namesake stores, new Field & Stream retail format and omnichannel platform driving its growth.

Dick’s anticipates growing its store base to over 800 namesake stores by the end of fiscal 2017, an increase of approximately 300 stores from the 518 stores it operated at the end of fiscal 2012. The chain will continue to remodel its existing stores to keep them fresh, focusing on key initiatives such as vendor shops and shared service footwear decks.

In addition, Dick’s plans to grow its new Field & Stream outdoor specialty store concept to approximately 55 locations and $750 million in sales by the end of fiscal 2017.

On the omnichannel front, the company plans to grow e-commerce sales to approximately $1.1 billion by the end of fiscal 2017, from $292 million in fiscal 2012. Dick’s also revealed it is planning to internally control its e-commerce platform, beginning with Golf Galaxy and Field & Stream in 2014 and Dick’s Sporting Goods by the end of fiscal 2017.

"We are excited about the profitable long-term growth opportunities across our business in our Dick’s Sporting Goods stores, on-line and through our Field & Stream concept," stated Edward W. Stack, chairman and CEO.

During its Analyst Day meeting, Dick’s presented a sales target of $10 billion by the end of fiscal 2017, representing a 5-year compounded annual growth rate of approximately 11% from fiscal 2012 sales of $5.8 billion.

"To support our long-term goals, we intend to make meaningful investments in our business in the near-term,” Stack said. “We are timing these investments to stay ahead of our needs and to produce sustainable, long-term advantages. Even with approximately $1.8 billion of capital expenditures to support our $10 billion sales target, we expect to expand our operating margins."

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