DeRodes hired by information commerce firm
Bob DeRodes, the former executive vp and chief information officer at Home Depot, has joined First Data as its executive vp and chief technology officer. In this role, DeRodes is responsible for product development, systems, infrastructure, and processes.
DeRodes worked at Home Depot from 2002 until last September. He led a $1 billion IT system overhaul for the Atlanta retailer, including the implementation of an electronic system for special orders.
DeRodes also served as CEO for Delta Technology and chief information officer for Delta Air Lines. In these roles, he was responsible for all aspects of technology and communications for the airline’s operations.
Headquartered in Greenwood Village, Colo., First Data has operations in 37 countries. Its portfolio of services and solutions includes merchant transaction processing in credit, debit, private-label, gift, payroll and other prepaid card offerings, as well as fraud protection, electronic check acceptance and Internet commerce.
Menards put on hold in Ohio
Plans to build a new Menards store in Columbus, Ohio, have been delayed until economic conditions improve, according to an article in the Columbus Dispatch. The newspaper reported that the Eau Claire, Wis., chain of home improvement stores, which operates 11 stores in Ohio, will build the anchor store in Westland Mall, a mostly vacant shopping center that will be torn down and redeveloped.
The delay will affect a proposed 180,000-square-foot Menards store in another Columbus mall called Northland Village, according to the report. Menards plans to build several stores in the Columbus area at the same time so it can coordinate a marketing campaign around them, the newspaper said.
Chain store sales spiral down in November
U.S. chain store sales fell by a record 2.7 percent for November on a year-over-year same-store basis, according to the International Council of Shopping Centers (ICSC).
“The November retail sales environment was an extremely difficult one with the backdrop of the recession and financial crisis still looming large in the economy,” said Michael P. Niemira, ICSC chief economist and director of research.
Niemira added that the poor start to the holiday season’s sales — even adjusting for special factors — has led ICSC Research to trim its November-December holiday sales forecast to between flat and down 1 percent.
“The main special factor in November was a tough comparison from last year with a calendar-shift drag on year-over-year sales, worth between 1.5 and 2.0 percentage points,” he said. “Looking ahead to December, ICSC forecasts that industry sales will grow by 1.5 percent.”
Target, for example, reported a same-store sales decline of 10.4 percent for November, which company executives attributed to cautious shopping early in November and fewer after-Thanksgiving shopping days for the month. Total sales for the four weeks ended Nov. 29 fell 6 percent to $5.61 billion.
Wal-Mart, on the other hand, said that November same-store sales rose 3.4 percent, exceeding its projections. The retailer attributed the jump to discounts on groceries, consumer electronics and Christmas decorations, as well as a drop in gas prices.
ICSC Chain Store Sales Trends is a monthly report based on publicly available sales for 37 chain stores. Industry sales aggregates are compiled for “comparable-store” or “same-store” sales and for total store sales.