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Williams-Sonoma E-commerce Push, Office Depot Apps, Starbucks WiFi
Williams-Sonoma will invest $75 million in e-commerce and the information technology and supply chain solutions to support it in fiscal 2011, with $25 million earmarked specifically for long-term international e-commerce growth, according to RIS News.In large part because of fast online growth, Williams-Sonoma's direct-to-consumer channel already contributes an impressive 41% to the...Continue Reading »
‘Daily Wrap:’ Telnet Attacks, Family Dollar, Williams-Sonoma
StoreFrontBackTalk reports thieves are now increasingly using the 40-year-old text-based Telnet protocol to attack corporate servers, quoting network-services vendor Akamai, whose retail customers include Amazon.com, Best Buy, JCPenney and Staples. Akamai data indicates Telnet now represents the second-heaviest level of internet attack traffic, and the Telnet attacks are still...Continue Reading »
‘The Daily Wrap:’ Puma, Netflix, Yahoo
Puma is poised to have one of the most extensive in-store iPad solutions among retailers with the rollout of its new Creative Factory customization platform, according to Advertising Age. Customers use shoe-making materials on display as inspiration and then use the iPads to actually design the shoes.
E-commerce & Multichannel Retailing
Netflix, Inc. and Disney-ABC Television Group Continue Reading »
‘The Daily Wrap:’ McDonald’s, Staples, Wal-Mart
Ronald McDonald Stays Put
Fast food retailer McDonald’s says its longtime mascot Ronald McDonald will continue to represent the brand. There have been recent calls for McDonald’s to retire Ronald McDonald because the red-haired clown allegedly makes unhealthy food attractive to children. Source: NewsFeed Researcher
Staples Increases Net Income 32%
Office supply retailer Staples, Inc....Continue Reading »
‘The Daily Wrap: Starbucks, Williams-Sonoma, Best Buy
Starbucks Plans Major Marketing Push
Coffee retailer Starbucks Corp. plans to spend more on marketing in its current fiscal quarter than at any other time in its history. Starbucks CFO Troy Alstead told attendees at an investors’ conference that Starbucks will heavily promote the relaunch of its frappucino drink and availability of Via instant coffee, among other initiatives. Source:...Continue Reading »
‘The Daily Wrap:’ Staples, B&N, Costco
Staples Launches B2B Site
Staples Advantage, the business-to-business division of office supply retailer Staples, Inc., has launched a new web site, StaplesAdvantage.com, to address what the company calls customers’ growing demands for supplier consolidation and reduced procurement costs. Current and prospective customers can view the full scale of Staples Advantage’s products and...Continue Reading »
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Williams-Sonoma Seeks Store Closures in Large Markets
Specialty retailer Williams-Sonoma intends to shutter an undisclosed number of stores in large, multi-store markets. According to the Wall Street Journal, Williams-Sonoma CFO Sharon McCollam told attendees of an investor conference the retailer’s goal is optimizing cost per square foot rather than simply reducing store footprint.During the next three years, 25% of Williams-Sonoma’s...Continue Reading »
Pier 1 Net Losses Deepen
Specialty retailer Pier 1 Imports Inc. saw Q4 2008 net income turn into Q4 2009 net loss, and also saw year-over-year net losses grow. Pier 1 ended its Q4 and fiscal year 2009 on February 28, 2009. These and other highlights from Pier 1’s annual report follow.Net Loss a Reality
During Q4 2009, Pier 1 reported a net loss of $29 million, compared to net income of $14 million during Q4...Continue Reading »
‘Friday Clearance’: News We Didn’t Cover, Week Ended March 27, 2009
Below, some recent articles from the stock of news items that Retailer Daily just didn’t get to writing this week, but still might be worth your while to check out.Finish Line Appoints Edward W. Wilhelm Chief Financial Officer
Finish Line
Consumer Price Index Summary
Bureau of Labor Statistics
Sleepy's to Acquire 1800mattress.com Through Chapter 11 Process
1-800-Mattress.com
New...Continue Reading »
Pier 1 Job Cuts Could Reach 850, May Close Stores
Pier 1 Imports Inc. said late Tuesday it would close some of its 125 underperforming stores if it's unable to renegotiate leases and may have to lay off as many 850 workers, reports Dallas News.The home furnishings chain plans to cut up to 10% of its 8,500 full-time equivalent positions.
Cuts at Pier 1's Ft. Worth, TX, headquarters have already begun. Field-administration jobs will also...Continue Reading »