TWICE Retail Roundup

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July 28, 2014 Amazon Reports $126M Q2 Loss Seattle – Amazon.com remained in the red in the second quarter. P.C. Richard Adds Mattress Departments Farmingdale, N.Y. — Majap and CE powerhouse P.C. Richard & Son has formally entered the bedding business with the opening of mattress departments in 14 of its 66 stores. Foran Named Walmart U.S. CEO/President Bentonville, Ark. — Walmart reported today that Greg Foran has been promoted to president and CEO of Walmart U.S., succeeding Bill Simon.  Ingram Reports Record Q2 Revenue Santa Ana, Calif. – Ingram Micro reported a 6 percent gain in worldwide revenue, a record for the quarter, and a slight drop in net income for the second quarter, ended June 28.  Azione Lauds Middle Atlantic Chester Springs, Pa. — Azione Unlimited, the educational/buying group for custom retailers and integrators, has named Middle Atlantic Products its most profitable vendor of the second quarter, earning it a Golden Goose Award. Lowe's Expands Iris Home-Automation Selection Mooresville, N.C. — Lowe's expanded its selection of Iris home-automation products with the addition of four products that connect to its hub, which enables on-site and off-site monitoring and control of home systems from a smartphone, PC or tablet. 2nd-Half Retail Sales To Rise 3.9%; June CE Sales Edge Higher Washington – Retail sales are expected to grow significantly faster over the next five months, according to a forecast by the National Retail Federation (NRF). Netotiate Looks To Salvage Online Sales   Newton, Mass. – A new online platform has been developed that employs last-minute price negotiations to prevent lost sales. Retail Blogs Changing Of The Guard At Walmart U.S. » TV Retailing Across The Pond » Easy Online Returns Yield Long-Term Dealer Benefits » How CE Retailers Can Use Start-Ups To Ride The Alibaba Wave » Please take this QUICK TWICE Readership Survey!

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