Rather than ignoring the fact that consumers are using their mobile devices to shop while in the store, Target tackled the challenge head-on through its mobile app. Using location-based technology from Point Inside, Target’s app allows customers to pick a …
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Lowe’s Welcomes McCanless Back in Executive Role
Lowe’s announced in a press release that Ross W. (Bill) McCanless will be joining the company as the general counsel, secretary and chief compliance officer starting Jan. 12. McCanless is returning to Lowe’s top legal role, which he held from 2003 to 2006, according …
Read More »Lowe’s Announces Third Quarter Results
According to a press release by Lowe’s, the company announced net earnings of $585 million for the third quarter, which ended Oct. 31. These earnings were a 17.3-percent increase over the same period a year ago. Diluted earnings per share …
Read More »Home Depot Announces Third Quarter Results
According to a press release from The Home Depot, the company reported sales of $20.5 billion for the third quarter of fiscal 2014, a 5.4 percent increase from the third quarter of fiscal 2013. Comparable store sales for U.S. stores were …
Read More »Lowe’s Uses Robots to Assist Customers
The future has arrived. Robots are helping customers shop, and we’re not talking about smartphones. In late November, Lowe’s will introduce its robotic shopping assistant to a California Orchard Supply Hardware store. The 5-foot tall OSHbot is bilingual, can display …
Read More »Lowe’s Opens Smaller-Store Format in Manhattan
According to an article by Market Watch, two Lowe’s stores are set to open in the second half of 2015 in Manhattan. While these locations will be about 30,000 square feet, they will “offer products and services that are locally …
Read More »Retailers Affected by Data Breaches May See Decline in Holiday Traffic
Although major retailers affected by data breaches have put a stop to the criminals activity and offered to pay for extra security over customers debit and credit cards, consumers may avoid these stores as the holiday season approaches. According to a …
Read More »Amazon’s Profits Plummet in Third Quarter
The biggest online retailer in the United States, Amazon, does not get its dominant position through conservancy – it spends money. Amazon is aggressive, innovative and a juggernaut in delivery and personalization. As Amazon remains a threatening competitor for most …
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