Problems for America's biggest retailer have Wall Street worried about the strength of the economy....
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Lagging Website Performance Will Cost You Money, Period
February 18, 2013
From ROI Report
For this installment of the Retailer Web Performance Report Card, I looked specifically at response times and availability for big-box retailers Wal-Mart and Home Depot, as well as wholesale warehouse giant Costco. Despite relying heavily on brick-and-mortar locations, these retailers need to keep online shoppers a priority. The stress of managing busy holiday web traffic is over and the industry is in transition before spring, but website monitoring and attention to online visitors shouldn't take a break.
Toys"R"Us CEO Resigns After Holiday Sales Decline
February 14, 2013
Toys“R”Us Chief Executive Officer Gerald Storch will step down following a drop in holiday sales at the world’s largest toy-store chain. Storch, 56, joined the company in 2006 after Bain Capital Partners LLC, KKR & Co. and Vornado Realty Trust purchased Toys"R"Us for $6.6 billion. He will remain chairman and stay on as CEO during a search for his replacement, the Wayne, N.J.-based company said today in a statement. While Storch improved profitability, the chain has struggled to boost sales amid competition from Amazon.com and discount retailers Wal-Mart and Target.