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In retail today, Kimberly-Clark expects sales to rise this year despite rising prices, as Walmart continues to strengthen its ties with local businesses. Plus, Home Depot Chief Information Officer Matt Carey Becomes Executive Vice President of Customer Experience, and Rebelstork Artificial Intelligence (AI) Powered Baby Gear Resale Market Expands in the USA
Kimberly-Clark Raises Prices, Expects Sales to Rise in FY22
While Kimberly-Clark Corporation plans to raise prices as inflation continues to rise, it still expects to see higher sales for fiscal 2022. The company’s first-quarter 2022 net sales grew 7% year-over-year to $5.1 billion, including a 10% increase in organic sales in that three-month period. Kimberly-Clark raised its full-year organic sales growth target to 4% to 6% from 3% to 4% previously.
Walmart is focused on expanding ‘strong ties’ with local businesses
In a bid to monetize its assets and deep roots in the 5,000 U.S. communities where it has stores, Walmart CEO Doug McMillon said the company is doubling down on its strategy and aims to leverage its local connections. McMillon’s comments come as the retail giant announced it plans to hold its annual shareholder meeting virtually on June 1, just over two weeks after announcing its quarterly results on May 17.
Home Depot moves its longtime CIO to a new technology role
Chief Information Officer Matt Carey will serve as Home Depot’s executive vice president of customer experience and will be succeeded by Fahim Siddiqui, who has served as senior vice president of information technology since 2018. Carey has been a CIO since 2008 and helped lead the Home Depot’s efforts. to survive pandemic lockdowns and restrictions using digital tools. In her new role, Carey will be responsible for the design and development of customer experience technology, while Siddiqui will oversee technology strategy, infrastructure and software development for stores, online systems and customer facilities. the supply chain.
Rebelstork, the AI-Powered Baby Gear Marketplace, Debuts in the US
Rebelstork, an overstock, open-box and second-hand baby clothing company, has grown in the United States. The expansion will bring Rebelstork’s resale service to Brooklyn, New York, and the company will sell across Canada and all 50 US states.
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NEW PYMNTS DATA: THE FUTURE OF BUSINESS SUPPLIER INNOVATION STUDY – APRIL 2022
On: While more than half of SMBs believe an all-in-one payment platform can save them time and improve cash flow visibility, 56% believe the solution could be difficult to integrate with AP systems and existing ARs. The Future Of Business Payables innovation report, a collaboration between PYMNTS and Plastiq, surveyed 500 SMBs with revenues between $500,000 and $100 million to explore how all-in-one solutions can exceed customer expectations. SMEs and help sustain their activities.
