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Best Buy: bounce
back b a u l k e d
Focus: sameday service &
tech services development
Best Buy, the $40Bn+ electronics retailer reported declining sales & profits in Q3'24 hit by slower demand.for computing, appliances and home theatre. CEOCorie Barry is focused on improving user experience, expanding assortment and delivery speed to compete with leaders Amazon & Target. Report analysis here inc. analysts Q&A session
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Lowes slows down
from WFH highs
Losing market share vs
HDepot & Ace H/Ware?
Lowes the US #2 $100Bn sales WFH improvement supplier reported Q3'23 fresults. CEO Marvin Ellison commented on a slower than expected performance except recovering PRO Services serving SMB-trades people, but made no mention on losing market share to Home Depot and Ace
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Empty corp places.
More mobile spaces
McKinsey report highlights
commercial real estate crisis
Commercial real estate in the world’s major cities has not kept up with shifts in behaviour caused by Covid and the rapid growth in WFH-Hybrid-mobile working. "The cities’ vibrancy is at risk, and they will have to adapt. Hybrid work is here to stay. As a result, office attendance has stabilized at -30% below 2019 norms" McKinsey's report states. We analyse....
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Zoom's boom in
vidcoms normalizes
Microsoft, Google & Cisco
chase cloud upstart in vain
Video collaboration specialist Zoom's rapid progress slowed in Q3'24 as WFH growth tapered but yielded higher profits. The BIG question for ceo Eric Yuan is: how can it reinvent itself, to increase market share (60%) lead over Microsoft's TEAMS (25%)?
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Sales people's death
greatly exaggerated
Amazon, Home Depot Pro,
Salesforce hire consultants
Sales people jobs have been slashed to minimum levels by the vulture capitalist owned business suppliers eg Staples followed by their declining copy cats eg OfficeDepot and many transactional OP dealers. Signs are though 'productivity solution consultants' aka PROPS, are back with a vengeance ....Updated
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Hygieia Women
in Cleaning Awards
Recognised Essity, Nilfisk
Maintex, Imperial, K-CPro
ISSA Hygieia Network, dedicated to the advancement of women in the cleaning industry, announced its 2023 award winners. Over 1,000 industry professionals attended the event in Las Vegas during ISSA Show North America. Full details here...
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OTG doubles down
on dying Depot dog
Ignorant, confused leaders
fiddle while the house burns?
Paragon Group owned OT Group has unveiled a rebrand of its failing contract division. Since the acquisition of the Office Depot UK&I businesses in Jan'21, sales have plummeted in both contract and wholesale. This looks like another desperate distraction whilst the house burns...
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Branvoy to match
Imperial March?
The HyPac roll up race
resumes critical crunch
VC Kelso's BradyIFS acquired FEMSA's Envoy in Aug to create the $3.5Bn HyPac conglomerate. The new #Branvoy merger has resumed the roll-up race with the acquisition of a NE US hygiene and packaging distributor. Will it choose to integrate and rebrand? Moreover, when will Imperial announce its next stage of distribution and systems integration?
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Amazon Business'
best buying trends
Procurement study shift
towards user choosers
Amazon Business released the 2024 State of Procurement Data Report, spotlighting the most relevant trends impacting decision-makers from organizations of every size. The findings examine the rapidly transforming state of B2B buying in recent years towards decentralised user choosers. We analyse and comment on this democratizing shift...
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ECommerce growth
maintains impetus
Decade in review w/Mcom
sustaining rapid upsurge
A decade ago, ECommerce accounted for 8% purchases. Online sales in 2023 reached 21% of spending through all channels. The tremendous growth in mobile tech inc. PC's and smart phones have accelerated MCommerce boosting online business supply purchasing beyond 40%. We update on the latest Q3'23 Commerce report...
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Amazon drives into
auto-retail market
Hyundai combo enables
personalised entry point
'Death by Amazon fears in the auto retail sector are called overstated' by investment analysts. It looks very much like the Hyundai partnership resembles similar broadline moves where its 'one-click' personalised buying experience enhances users' entry point, for dealers that participate. Over 4M resellers, selling $700Bn of goods on Amazon can testify this development....
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