Tractor Supply profit up 43% in Q3
Brentwood, Tenn. — Tractor Supply Co. reported Wednesday that profit for the third-quarter surged 43% to $42.7 million, compared with $29.9 million in the year-ago period.
Revenue rose 18% to $977.8 million, credited partly to a boost in emergency supplies as Hurricane Irene hit the East Coast in August, and surpassing Wall Street’s expected $931.6 million in revenue.
Same-store sales rose 11.5%.
Office Depot launches Android app for business customers
BOCA RATON, Fla. — Office Depot announced that it has launched a new Android app designed specifically for Office Depot business account customers. The Office Depot Business Solutions mobile application is now available for free download on the Android Market.
According to Office Depot, the mobile applicationhas been specifically designed to bring Office Depot’s business-to-business website to procurement and administrative professionals within a smartphone device. This innovative application makes the procurement experience convenient, fast and hassle-free for thousands of customers contracting for office supplies through Office Depot’s Business Solutions Division, the company reported.
“Office Depot is always researching new ways to deliver convenience to our customers when it comes to purchasing products for their office,” said Barry Litwin, VP e-commerce for Office Depot. “This new application provides our business contract customers a truly unique way to purchase office supplies and manage their procurement workflow, even if they are outside the office.”
The new Android application delivers many of the same capabilities of Office Depot’s business-to-business website, including access to account specific pricing, the ability to utilize order attributes such as internal cost centers and billing codes, ordering via saved shopping lists, order tracking, and more. The app also features store lookup and allows for easy access to account information.
In addition, the mobile application features built-in approval routing and workflow function that enables managers to review and approve orders and requests while away from the desk via his/her smartphone. To further simplify the experience, the user’s desktop and mobile shopping carts are synchronized at all times, making ordering supplies at the office or on the road a seamless experience, the company said.
Banana Republic dresses up wine for the holidays
SONOMA, Calif. — Banana Republic and Clos Du Bois Winery announced that they have teamed up for a line of limited-edition wine bottles adorned with festive labels designed by Banana Republic creative director Simon Kneen. The wine bottles, available in Nort Coast Chardonnay and North Coast Cabernet Sauvignon varietals, are priced under $20 and will feature Kneen’s hand-sketched labels.
"What really excites me about this creation is that it offers our consumers a completely different option for holiday gifts this year," said Kneen. "Everything deserves a little extra sparkle and glamour over the holiday season, so why not your wine too? It’s safe to say everyone on my list knows what they’re getting this year!"
Banana Republic and Clos du Bois announced that they have added a specialized QR code to each label that offers consumers a one-stop shop for party planning. Using any mobile phone or handheld device, customers can instantly access a holiday party soundtrack, style tips from Banana Republic’s Simon Kneen, entertaining advice from lifestyle expert Katie Lee and food and wine recommendations from Clos du Bois Winemaker Gary Sitton.
"We jumped at this unique opportunity to give our classic Chardonnay and Cabernet Sauvignon a stylish holiday makeover," says Sitton. "We are still offering the same quality and consistency of the wine itself, but with a festive twist that makes it even more enjoyable to drink."
The Chardonnay retails for $16.99 and the Cabernet Sauvignon for $18.99, available for purchase on www.ClosduBois.com starting Nov. 1.