March 9, 2018

Home Depot Donating $50 Million to Train Construction Workers

The Home Depot announced Thursday that it will donate from its Home Depot Foundation to The Home Builders Institute over the next 10 years, to train veterans, high school students and disadvantaged youth in the construction industry. The US has seen a decline in trained workers in the industry, affecting home building levels and housing… Read more »

February 16, 2018

Accelerated Analytics Customers in the News

L’Oreal, who utilizes Accelerated Analytics for its retailer point of sale data collection and harmonization for the majority of its US Luxe division retailers, revealed its 2017 results this week. Chairman and CEO, Jean-Paul Agon, spoke at a financial analysts’ meeting with specific results.  In the final quarter of the fiscal 2017 year, sales were… Read more »

February 12, 2018

2018 Looks Like a Promising Year for Retail

The week of February 4 through February 10 kicked off the new 4-5-4 retail calendar year. 2017 ended with a 53rd week, which occurs every 4 years. Retailers reported $3.53 trillion in sales for 2017, up 3.9% over 2016. Retail industry experts are expecting this new 2018 retail year to do well. The NRF (National… Read more »

February 1, 2018

Retail Industry Job Changes

The retail industry suffered job losses in 2017, ending December with a 20% decrease in jobs in the retail trade. There was a lot of job expansion in other industries, with huge growth in construction and hospitality, with retail and utilities being the only to drop. The trend of decreasing retail jobs is being attributed… Read more »

January 26, 2018

Lowe’s is the Place to Work this Spring

Lowe’s is gearing up for Spring, adding 53,000 full time, part time and seasonal employees to its current 250,000. Lowe’s offers its employees a lot of benefits, even to those who are seasonal or part time in most cases. They provide a 10% employee discount, competitive wages, flex hours and the ability to see their… Read more »

January 23, 2018

Home Depot and Lowe’s Stock Growth in Last 6 Months

With improved employment levels and the housing market booming above 2006 levels, home improvement retail stocks have continued to grow. The Home Depot has outpaced the S&P 500 in the last 6 months, growing 39.3% versus the home improvement retail’s gain of 37.7% and S&P 500’s increase of 13.7%. The company attributes their success to… Read more »

January 22, 2018

Fragrance and Beauty are Growing the Travel Retail Industry

Huge growth in fragrance and beauty is the largest contributor to the travel retail market, with wines and spirits coming in second. The current travel retail market was valued at $69.5 billion in 2016, and is predicted to reach $125.1 billion by 2023. Within perfumes and cosmetics, Accelerated Analytics customers including Estee Lauder and L’Oreal… Read more »

January 17, 2018

2018: The Year of the Retailer?

As 2017 closed with high holiday sales results across online and brick and mortar retailers, predictions for 2018 and beyond are very positive. After years of news reports of store closings and retailer bankruptcies, 2017 had more store openings than closings and that pattern is expected to continue through 2021. A newly released study by… Read more »

January 10, 2018

The Home Depot Acquires The Company Store

The Home Depot announced it closed its acquisition deal of The Company Store, finalizing on December 19. While the acquisition does not include The Company Store’s five retail brick and mortar locations, it did include “product development and sourcing capabilities to help us expand our online décor business into broader categories across the entire home,”… Read more »