Blog

The Home Depot is officially opening a third facility to support its online business. The new 1.6 million facility in Ohio will employ 500 employees and will support its online operations that currently account for 5% of its business and continues to grow. Home Depot also announced plans in October to open its Marietta Technology… Read more »

The latest Consumer Fuels Survey results show that lower gas prices are not changing consumer buying behavior. Gas prices fell $.25 per gallon in September and $.60 since July. However, only 15% of consumers surveyed say they will spend more on non-fuel items in the coming month. Declining gas prices are not increasing consumer optimism… Read more »

Staffing agencies for logistics companies and retailers are reporting having trouble hiring warehouse workers to stock holiday inventory. The need for warehouse workers has grown as online shopping sales have increased. Increased online ordering raises the difficulty of warehouse jobs requiring more picking, packing and higher volume work in the warehouses. Companies have had to… Read more »

A new survey by HRC Advisory indicates that 80% of retailers are not prepared to transform their supply chains for a customer-centric, omnichannel model. 95% of retailers said their biggest issue is mitigating online returns, which can run as high as 30% and are very costly for a retailer. The high cost of online returns… Read more »

The Consumer Spending Report US Spending Index increased 1.7 points in September. 28.7% of adults surveyed rated the US economy as excellent and 30.3% said it is getting better. There was a divide between Democrats and Republicans: 56% of Republicans felt the economy is getting worse, while Democrats had a much higher percentage believing the… Read more »

Belk’s board of directors unanimously approved a merger with Sycamore Partners, expected to be completed in the fourth quarter of 2015. Belk agreed to be 100% acquired in a transaction with an estimated value of approximately $3 billion. Founded in 1888 by William Henry Belk, Belk is the largest family-owned and operated department store in… Read more »

Ten questions to get you started on a severe weather continuity plan. Tropical Storm Erika has caused at least 4 deaths and widespread flooding as she moves past Dominica and Puerto Rico.  The current forecast model cone suggests a path right over Florida with Miami impacted early Monday morning (31 Aug).  The model is uncertain… Read more »

Lowe’s reported an 8.4% increase in profit for Q2 2015, with net earnings of $1.3 billion and $1.20 a share. This up from last year’s Q2 earnings of $1.04 billion and $1.04 per share. Analysts were expecting results of $1.24 per share. The home improvement retailer’s net sales rose 4.5%, which was in line with… Read more »

Home Depot Inc. announced Tuesday that an improving housing market helped it to beat quarterly sales forecasts in Q2 2015. Net income rose to $2.23 billion. Net sales rose 4.3% to $24.83 billion, beating analysts’ estimates of $24.69 billion. Same-store sales rose 4.2%. Home Depot raised its projected sales for the year to a growth… Read more »

The US Consumer confidence index decreased in August to a score of 92.9, down from July’s 93.1. The index score was expected to increase. Retail sales increased 0.6% in July, attributed to employment rates rising. July’s unemployment rate hitting a seven year low of 5.3%. “Renewed strength in personal finances largely offset slight declines in… Read more »