Home Depot

Online retailers pay almost double in logistics costs

This is an excerpt from Thursday’s Point of Sale retail supply chain newsletter.

(Chart: Gartner)

Retailers with more than 50% of revenue from the online channel have logistics costs as a percentage of sales that are almost double those of their store-focused counterparts, according to Gartner. 

2020 was a year spent primarily expanding online fulfillment capabilities, but now retail supply chain leaders are now looking for opportunities to control, contain and, where possible, reduce their...

https://www.freightwaves.com/news/online-retailers-pay-almost-double-in-logistics-costs

UPS meets solid Q3 results with ‘constructive dissatisfaction’

One of UPS Inc. (NYSE:UPS) founder Jim Casey’s favorite slogans was “constructive dissatisfaction,” the idea that no matter how well the company was doing, it could always do better. That mantra was in full flower Wednesday morning during UPS’ analyst call to discuss its third-quarter results.

The results, as many had forecast, were strong. Adjusted diluted earnings per-share hit $2.28, 42 cents a share above estimates of analysts polled by Barchart. Revenue across UPS’ three main business units...

https://s29755.pcdn.co/news/ups-meets-solid-q3-results-with-constructive-dissatisfaction

Ace Hardware expanding into Mexico

Ace Hardware, the world’s largest hardware retail cooperative, plans to enter the home improvement market in Mexico.

Ace Hardware International Holdings Ltd., the company’s international division, will focus on franchise development in Mexico City, with a projected first store opening in mid-2021. 

The company also recently signed a supply and logistics agreement with Monterrey, Mexico-based PIMSA Ferreteros to provide transportation, warehousing and distribution services for Ace International’s...

https://s29755.pcdn.co/news/ace-hardware-expanding-into-mexico

Sales pop, inventories drop for essential retail; trucking the beneficiary

Entrance to a Target store

Several retail giants reported quarterly results this week that were favorably impacted by their status as “essential” providers during the pandemic. The fiscal second-quarter financial reports displayed favorable trends for the trucking industry – sales up and inventories down.

The run on home goods, food and consumables as stay-at-home lifestyles have taken hold amid COVID-19 was evident in financial results for Target (NYSE: TGT) and Walmart (NYSE: WMT). U.S. comparable sales climbed 24%...

https://s29755.pcdn.co/news/sales-pop-inventories-drop-for-essential-retail-trucking-the-beneficiary

Pandemic sparks 97% jump in e-commerce sales for Walmart

Entrance to Walmart

Retail giant Walmart Inc. (NYSE: WMT) reported a surge in earnings on the back of COVID-19 in its Tuesday fiscal second-quarter 2021 (ended July 31) report. The Bentonville, Arkansas-based company reported adjusted earnings per share (EPS) of $1.56, outpacing analysts’ forecasts of $1.25.

Comparable sales grew 9.3% year-over-year in the U.S., with e-commerce sales climbing 97%. The company cited high demand for general merchandise and food as the drivers.

“Q2 sales started strong, both in store...

https://s29755.pcdn.co/news/pandemic-sparks-97-jump-in-e-commerce-sales-for-walmart

Borderlands: Home Depot logistics center sells for $247M; Mexico-bound bootleg sneakers seized in Dallas

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Home Depot logistics center sells for $247M; $4.3 million in fake Air Jordans seized in Dallas; Alfagomma opens Mexican factory; Grupo Gondi chooses Transplace TMS.

Home Depot logistics center in Dallas sells for $247 million

One of the largest build-to-suit distribution complexes in north Texas, leased by Home Depot (NYSE: HD), has been acquired for $246.7 million, by...

https://s29755.pcdn.co/news/borderlands-home-depot-logistics-center-sells-for-247m-mexico-bound-bootleg-sneakers-seized-in-dallas

Home Depot adds three DCs in Atlanta area

Huge retailer preps for DIY fulfillment demand spike

Home improvement giant Home Depot Inc. (NYSE:HD) announced on Tuesday that it will open three distribution centers in metro Atlanta over the next 18 months as it expands fulfillment and delivery services to professional contractors and what is expected to be an increasingly important do-it-yourself (DIY) customer base.

The largest of the three, a 657,600-square-foot facility, will open in Locust Grove, about 36 miles south of Atlanta, by the...

https://s29755.pcdn.co/news/home-depot-adds-three-dcs-in-atlanta-area

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