GLG News by Office Supply Companies Experts
Analysis of:
Staples Meets Expectations (www.thestreet.com)
1)Staples unprecedented quarterly earnings run of positive store comps has ended abruptly, further evidencing the continued and potentially growing weakness of the US small and midsize business economy. 2)Citing a "tough retail environment" which translated into much lower sales of high ticket/durables...
Analysis of:
Sales of Ink and Laptops Push HP Past Forecast (www.nytimes.com)
Despite concerns that remanufactured(third party) ink and toner cartridges continually push HP for share in the lucrative ink consumable market, HP has delivered a potent punch combination of brand image, marketing, promotional activity within the CE and Office supply sector and first-to-market technology...
Analysis of:
OfficeMax Reports Second Quarter 2007 Financial Results (officemax.mediaroom.com)
-With little or no viable indicators that the US economy will rebound in the back half of FY 2007, OfficeMax faces tremendous pressure to quickly "right the ship" in its contract segment which is currently negating gains being made in its retail same store comps. -Weakness in contract further highlights...
August 2, 2007
Housing Meltdown, Slow Economy and New Store Growth(Cannibalization) Sink ODP Net Earnings in First Half
Analysis of:
Office Depot Names Yalmaz Siddiqui Environmental Strategy Advisor (mediarelations.officedepot.com)
Housing Meltdown, Slow Economy and New Store Growth(Cannibalization) Sink ODP Net Earnings in First Half
1)After a record setting year in 2006, Office Depot finds itself in a most precarious earnings position for full year 2007. 2)Continued pressure will fall on expense reduction if the all important Back To School season does not play out well for ODP. 3)Competitive growth in new store planned openings...
Analysis of:
Circuit City Cuts Deeper; 800 Let go at HQ, Stores (www.newsobserver.com)
At a time when technology in TV's, home theatre, CPU's, printers, cell phones and personal electronics as at optimum levels and consumer demand for having well-trained, savvy associates is an absolute prerequisite for assisting the buying decision, Circuit City has gone in the opposite direction through...
Analysis of:
Cleaner, Greener Power (www.chainstoreage.com)
As the best of the multi-channel retailers continue to define customer base through assortments and niche marketing venues, Best Buy's strategy to allow customers within market to "pull" the local assortment based on needs and preferences vs a "push" methodology based on what a retailer thinks its customer...
Analysis of:
Troubled Corporate Express Faces Activist Agitation (theaustralian.news.com.au)
Facing the negative impact of cuts in spending by large US businesses, Corporate Express continues to produce disfavor amongst shareholders and analysts who feel that CEO Frans Koffrie has not kept promise of an imminent recovery. Most recently, the threat from Centaurus, coupled with declining share...
Analysis of:
Self-Serve Retail: the trouble with Lowes and Home Depot (retailstore.blogspot.com)
Although the author of the source article cites a valid complaint relating to his particular experience, I do not agree that this is the type of service levels exhibited at each and every Home Depot or Lowe's location. In today's time-compressed shopping world, service and the expectation of world-class...
Analysis of:
Rite Aid Begins Transformation (www.drugstorenews.com)
As Rite Aid embarks on its journey of converting the recently acquired Eckerd's stores to its own format, it comes as no surprise that taking the Eckerd brand off the market over the next 16 months will be its first priority. Although brand identity stands for a myriad of store experience synergies...
Analysis of:
Online Sales Lose Steam as Buyers Grow Web-weary (www.nytimes.com)
1)Jupiter Research, a market research firm specializing in e-commerce feels that the growth rate for online sales has peaked(LY close to 26% overall in all channels combined) and projects overall growth rate at 9% by 2010. 2)Pressure from smaller or niche retailers has increased dramatically over...
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