Winick Realty announces executive addition
New York — Winick Realty Group announced that it has hired Kenneth Hochhauser to join the company’s executive team as executive VP to assist in both tenant and landlord representation.
Hochhauser joined Winick Realty on May 1 following a long tenure at Newmark Knight Frank, where he ultimately held the position of senior VP.
Network of Executive Women honors Walmart chief Duke with diversity award
CHICAGO — The Network of Executive Women is honoring Michael Duke, president and CEO of Wal-Mart Stores, with its William J. Grize Diversity Hall of Fame Award, on June 28 during Women’s Day at the LPGA in Rogers Ark. The award, named after the late CEO of Ahold USA, who was an early advocate of industry diversity, is bestowed upon industry leaders who have demonstrated "an enduring commitment to the advancement of women and to creating a diverse and inclusive workplace," NEW announced.
"Under Mike Duke’s leadership, the world’s largest retail company has promoted talented women to the highest levels," said NEW President and CEO Joan Toth. "His commitment to gender diversity and inclusion has put a spotlight on the importance and value of developing women leaders and continues to strengthen Walmart’s position in the marketplace."
Duke will receive the award at Women’s Day at the LPGA, an official event of the Walmart Northwest Arkansas LPGA golf championship. The breakfast event will be co-hosted by NEW Northwest Arkansas June 28 from 8:30 to 10:30 a.m. at the John Q. Hammonds Center in Rogers, Ark.
The event will feature a panel discussion by industry leaders, including Duke; Gisel Ruiz, EVP and COO of Walmart US; Elane Stock, president of Kimberly-Clark Professional; and past Network of Executive Women Board Chair Alison Kenney Paul, vice chair, U.S. retail leader, principal for Deloitte. The event is open to industry members who register online at www.newonline.org.
During Duke’s tenure as president and CEO, Rosalind Brewer, the first chairperson of the Walmart president’s council of global women leaders, became the first woman and African American to lead one of Walmart’s three business units when she was promoted to chief executive of Sam’s Club in January. At the same time, Walmart promoted Gisel Ruiz to EVP and COO of its U.S. business and Karenann Terrell to CIO.
"Being involved in the Network’s leadership, I have the opportunity to see how a variety of companies lead diversity," said NEW board chair Michelle Gloeckler, SVP home for Walmart U.S. "I can assure you, at Walmart it’s part of our culture and we believe we are the best at it in the industry around the globe."
IBM: Mobile commerce up 13%, but supply chain concerns remain
ARMONK, N.Y. — Mobile commerce increased more than 13% in the first quarter of 2012, according to IBM’s first retail economic indicator, a cloud-based analytics report, which examines the state of the online retail sector.
The increase in mobile commerce sales, along with improved consumer attitudes toward the digital buying experience, indicate that consumers will be shopping more with their smartphones and other mobile devices in the near future.
Other highlights of the report include:
Total online sales increased 6.3% from February to March 2012.
Shoppers referred from social networks generated 1.1% of all online traffic in Q1.
Mobile traffic was responsible for initiating 17.1% of all online sessions in Q1.
Apple’s iPhone was the number one driver of mobile devic retail traffic at 6.5% in Q1.
Among specific retail categories’ online performance, home goods saw the biggest increase at 29.3% for the quarter, followed by health and beauty at 28.8%, department stores at 20.4%, apparel stores at 14.9%, jewelry stores at 11.3% and office supply/electronics at 6.6%.
While consumers believed the online buying experience has improved, there is still negative sentiment around product availability.
"Over the first quarter, the empowered consumer continued to demonstrate the momentum of the online channel and specifically mobile commerce, which has established itself as a legitimate channel for shopping,” said Craig Hayman, general manager, IBM industry solutions. “Moving ahead we will help retailers synchronize the demand and supply chains to address issues of product availability and connect to the mobile buyer."