Do it Best Corp. has promoted John Mergy to the role of vice president of information technology, effective July 1. Earlier this year, the co-op announced the retirement of the department’s former executive Mike Altendorf, who is retiring from the …
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Tesla Ending Home Depot Partnership at Year-End
Tesla will cease selling its solar products at Home Depot by the end of the year, ending a brief retail partnership. Tesla began selling solar panels and batteries in Home Depot early this year, planning to create dedicated space for …
Read More »Amazon Brick-and-Mortar Stores Going to Chicago, San Francisco
Amazon is expanding Amazon Go, its brick-and-mortar store concept that uses video cameras and mobile devices to eliminate the need for cashiers. The e-commerce retailer has been investing heavily in physical stores, buying the Whole Foods grocery chain for nearly …
Read More »Walmart Sees Sales Growth, Popularity of ‘Converged Experience’ in Q1
Walmart reported sales and revenue increases for its first quarter of 2018, with growth in its U.S., international and e-commerce segments. U.S. sales were $77.7 billion during the quarter, an increase of 3.1 percent above the same time period in …
Read More »Walmart Invests $16B in E-Commerce With Flipkart Deal
Walmart has confirmed a $16 billion deal to buy a controlling stake in Flipkart, an Indian e-commerce company. The acquisition “is the largest acquisition yet by the world’s largest retailer,” according to an article from the Associated Press. Within the …
Read More »National Hardware Show® Announces 2018 Reimagine Retail Finalists
The National Hardware Show® has announced the five finalists of its Reimagine Retail program, which awards one independent retailer with $100,000 to jump-start a business improvement plan at their operation. This year, entrants were asked how they would use technology to …
Read More »Walmart Labs and Home Depot Invest in Technology Workers
Walmart’s technology division, Walmart Labs, is following the same steps as Home Depot as both big-box companies are searching for technology workers to add to their ranks, CNBC and Silicon Valley-based The Mercury News report. The Mercury News says Walmart Labs …
Read More »Dennis Yu Breaks Down the 3×3 Video Grid to Boost Your Brand
Dennis Yu, chief technology officer for BlitzMetrics, says retailers can boost their brands and reach new customers with the 3×3 social media video grid. By creating three quick videos for three different categories, Yu says independent home improvement retailers can …
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