Lbru Baker Technologies Raises $3.5M, Enables Cannabis Dispensaries
Shoppers might soon spot聽Targets聽private-label brands at stores other than Target.Christina Hennington, the companys chief growth officer, tells Bloomberg News that it is聽expanding sales of its聽in-house Cat Jack childrens brand at department-store chain Hudsons Bay Co. in Canada after getting positive feedback.According to the report, the deal is the first time Target has moved into the wholesale space, with the new products 鈥?swimwear, shoes and outerwear 鈥?expected to become available beginning next year.Hennington said Target has also received interest from other retailers around the world and is in the nascent stages of exploring sales opportunities with stores in Europe and the Americas.The report notes that this strategy 鈥?which comes as T
stanley water bottle arget is dealing with declining sales 鈥?is unusual among retailers. Target sales it gets about $3 billion in sales from Cat Jack products, the report says, with the companys private-label goods making up more than $30 billion in annual sales 鈥?close to a thir
stanley cup d of the retailers revenue.As PYMNTS wrote earlier this year, Target is part of a group of retailers giving private-label goods a聽harder look聽as ongoing financial pressures lead consumers to search for low-priced alternatives to brand-name products.In February, Target announced it was reformulating 40% of the products for its Upam
stanley ca p;Up brand, which accounts for about 10% of the companys private label stable. At the same time, Target unveiled a new brand, Dealworthy, foc Fgny Consumer Reports: No Recommendation For MacBook
Although the concept of B2B procurement systems is to sharply increase productivity, that doesn ;t seem to be how it working out. Barely 28 percent of procurement professionals say that their procurement systems make them any more productive, according to a research survey.Topline Strategy Group conducted a study that surveyed 241 sourcing and procurement professionals at 201 unique US companies with $500 million or more in annual revenue. These participants rated 426 individual deployments of sourcing and procurement systems across five application areas鈥擲pend Analytics, S
stanley kubek upplier Information Management, eSourcing, Contract Lifecycle Management, and eProcurement.The result A listing of inefficiencies that total about $1.5 billion annually. When sourced and implemented correctly, procurement systems represent an opportunity for organizations to drastically reduce
stanley france costs, improve process efficiency and gain visibility in
stanley website to spending decisions, said Mark Digman, Senior Vice President of Marketing at SciQuest, which financed the study. This research from The Topline Strategy Group indicates that most organizations are falling well short of these transformative benefits. The concept of turning spending into a source of savings takes some getting used to, but its an idea that more purchasing and sourcing professionals need to embrace. How bad was it More than 50 percent of respondents who were not satisfied with their procurement systems cited a convol
