Jchc The Week In Payments: Facebook Expands, Travel Rebounds And The Workplace Resets
Home Depot聽has added new membership tiers to its B2B loyalty program.The聽Pro Xtra聽loyalty program for pr
stanley thermoskanne ofessional contractors and builders now has three tiers and enables pros to earn additional benefits as they increase their spending, The Home Depot said in a T
stanley us hursday Jan. 5 聽press release. Pros make up about 10% of The Home Depots customer base and approximately half of our sales, 聽Hector Padilla, the companys executive vice president of outside sales and service, said in the release.Home Depot expects its聽professional consumer segment聽to grow faster than the U.S. home improvement market in the coming years. The home improvement retailer is committed to serving that trend, company executives said on Nov. 15 during an earnings call. To serve the pro, its about removing friction through a multitude of enhanced product offering and capabilities, The Home Depot Executive Vice President of Merchandising聽Jeff Kinnaird聽said at the time.PYMNTS research has found that retailers in several market segments are investing in聽loyalty programs.In fact, 16% of general retail, 23% of automotive merchants, 23% of con
stanley website venience stores and pharmacies and 32% of grocery retailers are currently doing so, according to Big Retails Innovation Mandate: Convenience and Personalization, a PYMNTS and聽ACI Worldwide聽collaboration.Loyalty is the glue that binds customers to their merchants, the report said, and retailers seeking to boost loyalty must anticipate the channels their customers may want to Libe Walmart, Target Take In-Store Spending Title For Black Friday
Finally, some good news for U.S. grocers.After retail prices for major food sources ended 2016 on a downswing, meaning U.S. supermarkets had to eat from their margins to stay afloat. But this could all start to see some change in the latter half of 2017 indicates a recent report from Moodys Investor Service.Last year, Moodys found that grocery stores operating profits declined about 5 percent due to a 1.3 percent decline in food prices
stanley france . But Moodys anticipates domestic food prices to rise about 1 percent in 2017, taking a bit of pressure off supermarkets top line. We expect the U.S. supermarket sectors operating profits to grow about 8 percent in 2017, compared with an approximate 5 percent drop last year, said Moodys analyst Mickey Chadha. As deflation subsides, growth will be skewed toward the second half of the year, driven by improvement at Albertsons, the Kroger Company and Whole Foods Market. This doesnt necessarily mean that the grocery spa
stanley cup ce will look the same it did as before. Moodys data projects that natural and organic foods sales, as well as sales of private-label food products, will continue to grow their market share in 2017.Even with all the ta
stanley france lk of digital usurpation, online sales make up a notably small fraction of the U.S. food retail market. This minority share will continue over the next five years. Moodys expects 2 to 3 percent annual growth for the food retail market over the next five years, with online penetration accounting for less than 3 percent o
