OPERATIONS

Walmart Foundation names new president

BY Dan Berthiaume

Bentonville, Ark. — Walmart announced that Kathleen McLaughlin, 48, has been named president of the Walmart Foundation, effective Oct. 15.

In addition to leading corporate giving, she will have responsibility for the company’s global sustainability, women’s economic empowerment initiatives and healthier food initiatives.

McLaughlin, previously a senior partner at global consulting firm McKinsey & Company, is a dual American-Canadian citizen and was based in Toronto.

"At Walmart we feel a responsibility to lead on some of the biggest global challenges of our time," said Mike Duke, Wal-Mart Stores, Inc. president and CEO. "We are using the size, scale and strengths of our business to make a positive impact in these areas and the Walmart Foundation plays a major strategic role in making this model work. Kathleen has a personal passion for making a difference on social issues and the business expertise to help successfully develop and implement real, long-term solutions."

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Monetate releases personalized email, display ad solutions

BY Dan Berthiaume

Chicago – Monetate is releasing two new products that will bring its big data marketing acceleration technology to retention and acquisition channels. The addition of Monetate Email and Monetate Display expands the Monetate Acceleration Cloud.

Monetate Email enables marketers to deliver email that is personalized at open-time, rather than when the email is sent. Email can be targeted to customer segments based on a deep knowledge of the customer, including behavioral triggers, and the solution can synchronize the email-to-website experience with consistent messaging, offers, and content, all the way through to conversion.

Monetate Display enables brands to discover their most valuable customer segments and make targeted display ad buys to attract more high-value customer segments to websites. Through an integration with major display ad networks, ad buys can be made directly inside the Monetate interface.

Additionally, Monetate Display features a calculator that lets the marketer input a desired level of performance for each segment, and then automatically estimate the cost the marketer can spend to acquire that audience, in order to achieve the desired level of performance. Display synchronizes the customer’s ad-to-website journey, designed to let visitors have a consistent, seamless experience from the click to conversion.

“The new rules of marketing are all about engagement and long-term relationships,” said Bruce Ernst, VP of product management, Monetate. “Smart marketers realize that the consumer no longer reacts to disconnected brand messages designed to push a transaction rather than build a relationship. The new email and display products from Monetate will help brands gets a deeper understanding of their customers, and deliver consistent, winning experience across any screen, in any channel, in-the-moment and over time.”

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The Container Store is going public

BY CSA STAFF

Ending years of speculation, the Container Store late Monday filed a registration statement with the Securities and Exchange Commission for an initial public stock offering.

The operator of 62 stores in 22 states with annual sales of $702 million contends the U.S. can support as many as 300 locations with international growth also a possibility. The company expects to open six stores during the current fiscal year and seven stores next year. The company’s stores average around 19,000-sq.-ft. and carry approximately 10,500 items grouped in 16 departments.

Funds raised in the stock offering will be used to pay a dividend to holders of the company’s senior and junior preferred stock. The Container Store currently has outstanding debt of $392 million, according to the filing.

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