FINANCE

Report: Office Depot de Mexico to raise up to $374 million in IPO

BY Staff Writer

New York — Mexico’s Grupo Gigante expects to raise up to 4.954 billion pesos ($374.14 million) in its initial public offering of Office Depot de Mexico shares, Reuters reported.

The company plans to sell up to 291 million shares, local filings revealed.

The listing is provisionally set to price on Feb. 5, the report said.

In June, Grupo Gigante, acquired the 50% stake in the office supplies chain that it did not already own.

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FINANCE

Brookshire Brothers to acquire David’s Supermarkets

BY Staff Writer

New York — Brookshire Brothers, based in Lufkin, Texas, has entered into an agreement to David’s Supermarkets, a 25-store chain based in North Central Texas. Terms were not disclosed.

"We feel like these family-owned stores align with our core value that we are a celebration of family and community," stated Jerry Johnson, president and CEO of Brookshire Brothers.

Brookshire Brothers operates 123 outlets including grocery stores, convenience stores, free standing pharmacy, tobacco and petro locations.

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News

Study: Retailers see data value, many struggle with BI strategy

BY Dan Berthiaume

Walnut Creek, Calif. – Retailers are most likely to use data for planning, but a majority of retailers do not have a long-term enterprise business intelligence (BI) strategy in place that meets their needs. According to a new study from RSR Research, “Retail Analytics Moves to the Frontline,” 57% of retailers think planning and executing more effectively is a top use of data, followed by managing customer relationships (47%) and reporting results of business activities (44%).

However, only 42% of respondents said they have had an enterprise BI strategy in place for more than two years and are satisfied it meets their needs, and 15% are still working on putting one in place. Another 18% have had an enterprise BI strategy for more than two years but are rethinking it, and a combined 13% put it at low, very low or no priority. Twelve percent have had a strategy in place less than two years.

Among all respondents, the top three business challenges to creating interest in expanding the use of BI/analytics are the need to understand the consumer’s path to purchase (55%), consumer expectations for instantaneous information access (49%) and information-empowered consumers being more demanding (47%).

Other interesting findings include that there is no clear leader in method used for reporting analysis.

Popular methods include using reporting functions built into operational systems (22%), extracting data from operational systems into spreadsheets (20%), a dedicated team of analysts using a high-performance BI toolset (17%), enterprise BI platform on top of a data warehouse (17%), built-in BI and analytics capabilities of existing tools (12%), and enterprise reporting tool for operational/financial reporting (11%).

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