Tractor Supply Q3 profit surges 46%, beats Street
Brentwood, Tenn. Farm and ranch supply retailer Tractor Supply Co. said late Wednesday that profit for the third quarter rose 46% to $32 million, compared with earnings of $22 million in the year-ago period.
The company cited increased sales of pet-related products and warm-weather items for the improvement.
Net sales rose 11% to $829.1 million, from $747.7 million. Wall Street expected revenue of $824.3 million.
Same-store sales rose 5%.
Starbucks launches in-store digital network
Seattle — Starbucks on Wednesday launched an in-store digital network for customers with mobile devices, in a partnership with Yahoo.
The network will provide customers with six channels: News, Entertainment, Wellness, Business & Careers, My Neighborhood and Starbucks. It is powered by free WiFi and developed for screens big and small. Customers with WiFi enabled laptops, tablets or smartphones can visit the network while in line or while enjoying their favorite beverage in the cafe.
Century 21 automates hiring process with Kronos solution
Chelmsford, Mass. — Century 21 Department Stores has chosen Kronos’ selection and hiring solution to manage the end-to-end hiring process for its 3,500 employees. With the solution, the retailer anticipates a 50% reduction in the time it currently spends on hiring new employees for its retail stores and corporate office.
Century 21 Stores was looking for a way to reduce turnover and make smarter hires. The Kronos solution allows the organization to focus only on the best applicants for Century 21 by offering managers and recruiters for Century 21 stores guidance, structured interview guides, and assessment results aimed at making the best hiring decision.
The solution also will enable Century 21 to improve workforce productivity by automating the entire hiring process, from receiving electronic applications and resumes to complete onboarding with e-Signature.
"The primary reason we selected Kronos is that it provides an end-to-end solution for both our corporate and store employees and its behavioral assessments,” said Jenifer Thoma, director, human resources, Century 21 Stores.