The Home Depot on Monday announced it would acquire HD Supply Holdings for $9.1 billion including debt, 13 years after spinning it off as an independent company. The deal is expected to close by Jan. 31 and help Home Depot with maintenance, repair and operations products.
Bain Capital Private Equity is acquiring US LBM for an undisclosed amount. The private equity firm will own a majority stake in the building materials distributor after the deal closes in December.
As COVID-19 cases continue to climb, Walmart has once again started to enforce store capacity limits and plans to spread out its Black Friday sales events to avoid in-store overcrowding. On the e-commerce front, the retailer plans to convert 42 regional distribution centers into "pop-up" fulfillment centers to deal with increased digital demand, enabling those locations to ship products direct to shoppers in addition to their normal roles of supplying stores.
Transforming retail and CPG: what's next? As the world becomes increasingly digital, retail success will be shaped by the adoption of artificial intelligence and machine learning tools. Get ideas for business transformation and success in the "new" normal, including: personalized promotions and product recommendations, loyalty program management, auto-populated and personalized carts and chatbots, frictionless checkout, and more! Get the Google Cloud report
Asset values for last-mile industrial properties in urban markets are rising as institutional investors and REITs continue to be active in the sector. About $14.8 billion in deals closed in the third quarter, an increase from earlier in the year, according to CBRE. "[M]ost investors are prepared to close all-cash with tight time frames," says Michael Kendall of Colliers International.
Amazon's advertising revenue is driven by the use of artificial intelligence to analyze customer data and deliver relevant ads, writes Benj Cohen. "To stay competitive with Amazon, distributors will need to enact similar virtuous cycles," he writes.
Business-to-business marketers can employ an organic customer acquisition model to attract and convert leads without using paid advertising, Nicolas Vargas writes. Vargas uses visuals to outline customer acquisition models applicable to the modern B2B buying journey, and recommends employing content and audience segmentation to deliver success.
6 Tips for Tackling Physical Inventory Counts Physical inventory counts are a necessary evil for just about any company that manufactures, distributes or sells products. They're critical to a business understanding and managing its inventory position and creating accurate financial statements. But that doesn't mean your physical counts need to be as time-consuming and painful as they are today. Get the infographic
Patience, passion and perseverance are what allowed Christopher Martinez to rise from washing cars to becoming executive manager of Audi/BMW of Tri-Cities in Richland, Wash. "You must be passionate about what you are trying to accomplish, and you need to pass it on to your staff to get them motivated to reach their goals," he says.
Drive product discovery on Walmart Download this latest first-party customer survey report to learn what makes Walmart a great destination for customers to discover new products. Leverage these insights to start planning your campaign with Walmart Media Group today.
What does it mean to be a "digital distributor" and how should you change your strategy due to the explosive growth of marketplaces like Amazon Business, Google Shopping, Walmart and many others? In today's free webinar, "New Technology Frontiers for Distributors: Sizing Up Marketplaces and Becoming Digital Companies," at 2 p.m. Eastern, Ian Heller will evaluate trends, discuss alternatives and help you understand how to respond to the disruption in the distribution industry. Join us today. If you can't attend, register anyway and we'll send you the recording. Sponsored by Unilog, SAP, Mirakl.
Are you well-informed about different best practices and knowledge in our industry? If not, NAW's Top 10 E-book List can help get you up-to-speed quickly so you and your business can stay competitive in these challenging times.
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