Report: Neiman Marcus to up tech spending
New York City — Neiman Marcus plans to increase spending on technology to align its in-store and e-commerce businesses, the Financial Times reported.
Sales at Neiman’s e-commerce businesses increased 16.9% during the quarter ending Oct. 31, compared with a year ago.
Karen Katz, who took over the reins as chief executive from Burt Tansky in October, said Neiman planned to “ramp up how we connect” with customers who are increasingly equipped with smartphones and tablets, the report said.
Whole Foods to reinstate quarterly dividend
Austin, Texas — Whole Foods Market said Wednesday that its board approved a quarterly cash dividend of 10 cents per share reinstating the quarterly payment after more than two years with none. The dividend will be payable Jan. 20 to shareholders of record as of Jan. 10.
John Elstrott, chairman of Whole Foods’ board, said in a statement that the decision to bring back the dividend stems from the company’s strong financial position and outlook.
The grocer suspended its dividend in August 2008 as it cut costs and faced a 30% drop in third-quarter net income.
Whirlpool account managers receive green designations
Benton Harbor, Mich.-based Whirlpool Corporation announced that Cyndi Smith and John Talman, account managers for the Southern States Contract Sales Division, have earned Certified Green Professional (CGP) designations from the National Association of Home Builders (NAHB).
Smith, a nine-year member of the Whirlpool Corporation team, serves as the liaison between the Earthcraft green building certification programs and Whirlpool Corporation. Talman is An eight-year Whirlpool Corporation employee and member of the Homebuilders Association of Greater Savannah.
“A large number of the builders I routinely work with have shifted their efforts to green building,” said Talman.