Staples picks up
Breaking! Staples Business Advantage has made its second acquisition this year and 4th in total since CEO Sandy Douglas was appointed by Sycamore Partners in April 2018. We spoke to Douglas about the latest office dealer to join the organisation....
CyberWk shatters
The National Retail Federation and Adobe reckon US consumers shopped 'CyberWeek' from Wednesday through Monday spending $9.4Bn yesterday, making a total of $20Bn up 14% on last year's event. We analyse the results...
HPE launches
HP Enterprise (HPE) CEO Antonio Neri claims it has reached the "next milestone" in in a transformation into an 'as-a-service' company with the new GreenLake Central platform. HPE is desperately playing catch up with cloud driven rivals...
Depot's Dance
Office Depot's had a year to forget... again. CEO Gerry 'Smudger' Smith arrived in Jan'17 with a "transformation" fanfare for selling managed IT services to SMB's. In 3 yrs, Smudger's led a real sales sink of 15%; a 40% profits plunge; & a 50% market cap crash to a meagre $1.2Bn. Is time running out for the delusional chief? Complete
EVO rolls into
Leading UK dual distributor EVO Group (Vow wholesale/Banner direct) appears to have made a backwards move into manufacturing by acquiring a paper rolls company. We hope to speak with CEO Steve Haworth to understand why?
HP fraudster to
US authorities have formally requested the extradition of Mike Lynch, the ex-Autonomy boss who sold the company to Hewlett Packard in an ill-fated $11Bn deal, to face charges including securities fraud, wire fraud and conspiracy.
Black Friday
The CyberWeek shopping bonanza kicked off on Wednesday and Adobe Analytics reckons total sales over the holiday period may top $20Bn with online purchases growing c15% maintaining the 2019 momentum....
Tech Data taken.
Private equity firm Apollo Global Management was forced to raise its bid for TechData to $6Bn after Warren Buffett's Berkshire Hathaway came in with a rival offer. It is unlikely that Buffett will counter bid handing over another wholesaler to vulture caps......
CyberWeek start
Shoppers spent $4.2Bn online on Thanksgiving Day, a 14.5% increase from last year, according to data released by Adobe Analytics, which monitors the online transactions of 80 of the top US 100 etailers. Will consumer spend hold up until Cyber Monday?
Digital dealers
The winners of the BOSS Industry Awards 2019 were announced last night at its big night in the City of London. Progressive dealers were prominent and the VOW wholesale connection dominated the dealer group and individual professionals recognition level...
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