Quantcast
 
New ETF Book by Larry Connors - Click here to read more


 

Office Depot Implements Coremetrics to Enhance Online Shopping

Mon. July 21, 2008; Posted: 11:22 PM
Stocks RSS
FLINT, Mich., Jul 21, 2008 (ASCRIBE NEWS via COMTEX) -- ODP | Quote | Chart | News | PowerRating -- Coremetrics, a provider of digital marketing optimization solutions, announced that Office Depot is using Coremetrics Intelligent Offer to enhance the online shopping experience by automating the identification of highly relevant product recommendations.

Office Depot provides products and services to its customers through more than 1,600 retail stores, a dedicated sales force, catalogs and a $4.9 billion e-commerce operation. With 2007 sales of approximately $15.5 billion and nearly 49,000 associates, the company provides more office products and services to more customers in more countries than any other company.

Intelligent Offer automates the online shopping process with sophisticated algorithms that generate recommendations based on browsing, shopping and purchasing information collected from Office Depot's Web site. With Intelligent Offer in place, merchandisers can ensure that customers are presented with highly relevant options for every product. All product recommendations are based on recent visitor behavior and current product affinities.

"The Intelligent Offer solution from Coremetrics consistently generates highly relevant product recommendations for visitors to the Office Depot Web site," said Jeffrey Chang, Senior Director of Global E-Commerce for Office Depot. "This simple-to-use dashboard offers significant benefits to our merchandising organization by greatly reducing the amount of analysis and maintenance required in order to meet specific customer needs and business goals."

"Presenting the right recommendations at the right time makes shopping easier and increases the likelihood the visitor will buy," said Jeff Schmidt, Senior Vice President of Worldwide Sales at Coremetrics. "Intelligent Offer uses our comprehensive LIVE Profiles data to help Office Depot provide online customers with the right combination of recommendations wherever they are in the buying process. The result is higher customer satisfaction and a positive impact on Office Depot's bottom line."

((Comments on this story may be sent to newsdesk@closeupmedia.com))

((Distributed via M2 Communications Ltd - http://www.m2.com))

http://www.10meters.com

Comments on this story may be sent to newsdesk@closeupmedia.com

For full details on Office Depot Inc (ODP) click here. Office Depot Inc (ODP) has Short Term PowerRatings of 7. Details on Office Depot Inc (ODP) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [ODP]
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.