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TABS Group forms dedicated Wal-Mart analytics team to enhance insights at chain

BY Marianne Wilson

Shelton, Conn. — TABS Group, a technology-enabled analytics firm, has announced the formation of a senior-level team dedicated to supporting internal and customer-related initiatives with Walmart.

TABS Group will tap into its new talent base to obtain a comprehensive understanding as to how the largest U.S. retail chain operates on a chain and local level. The insights gained will benefit Walmart and consumer products manufacturers and further contributes to the firm’s mission to simplify and improve the way analytics is conducted within the industry.

The new TABS Group analysts have a high level of expertise on Wal-Mart and retain outstanding credibility with the retailer. They previously held positions at IRI Worldwide, a leading provider of syndicated retail sales data.

As the newly appointed VP of client services at TABS Group, Kayla Fromm-Mendoza will focus exclusively on Walmart’s internal analytical needs. John Powell, also appointed to VP of client service, will serve as a liaison between manufacturers and Wal-Mart initiatives.

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Report: Best Buy plans major iPhone promo

BY Dan Berthiaume

Richfield, Minn. – Best Buy is reportedly planning a major promotion to boost sales of the iPhone 5c and 5s the week of Oct. 13. According to TechnoBuffalo, an internal corporate memo indicates that consumers who trade in select smartphones that week will receive a $100 credit that can be used to cover the down payment on a new iPhone 5c or 5s.

Traded in phones must be undamaged and working properly. In addition, customers must sign up for a two-year plan to use the iPhone credit. Not all stores are participating and the promotion does not apply to Puerto Rico.

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La-Z-Boy to buy two franchise La-Z-Boy Furniture Galleries in Ohio

BY Dan Berthiaume

Monroe, Mich. – La-Z-Boy Inc. intends to acquire two La-Z-Boy Furniture Galleries stores located in the Youngstown, Ohio, market, with combined revenue of approximately $6.5 million. The stores are located in Boardman and Howland, Ohio, and are owned and operated by independent dealers who are retiring.

The two stores will become part of La-Z-Boy’s retail operation and will bring the total company-owned store count within the retail segment to 98. The deal is expected to close in mid-November, subject to customary closing conditions. Terms of the transaction are not being disclosed.

“We are pleased to acquire the two Youngstown, Ohio, stores,” said Kurt Darrow, chairman, president and CEO of La-Z-Boy. “Given the Youngstown stores’ proximity to the company-owned La-Z-Boy Furniture Galleries stores in southern Ohio and Pittsburgh, Pennsylvania, they are a natural extension of our retail footprint in the region. In addition to realizing various synergies with our retail management team, we will service the stores from our Ohio-based, company-operated regional distribution center, which will provide for efficiencies as well as giving the stores access to a greater in-stock position, ultimately enhancing service to the end consumer.”

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