Retailers Must ‘Think Visual’
By Dan Berthiaume, senior editor, Chain Store Age
Among the many albums released by legendary rock band The Kinks, “Think Visual” stands as a forgettable collection of generic hard rock songs released in the mid-1980s, when the British Invasion pioneers were long past their creative prime and worn down from years of infighting.
People/Companies in the News
Visa in deal with ROAM to increase retailers’ acceptance of mobile payments
Visa Inc. has entered into an agreement with mobile commerce provider ROAM, an Ingenico company, to enable merchants of all sizes to accept electronic payments using mobile technology.
POS terminal numbers continue strong growth, despite smartphone popularity
The overall penetration of POS devices continued to expand 3.9% in North America and 4.6% around the globe in 2012, according to The POS Vendor Shipments Database, released by IHL Group. Growth is expected to continue at 3.6% worldwide for 2013.
Security surrounding social media and m-commerce top IT priorities
Managing and classifying enterprise data is the number one security and privacy area in need of improvement, and remains a major challenge for IT departments, according to a survey about IT risk factors for 2013 published by global consulting firm Protiviti.
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Costco and IRI expand relationship
Investment firm Starboard Value, Office Depot’s largest stockholder with a 14.8% stake, revealed it has delivered a letter to the office supply retailer’s board of directors, expressing “strong disappointment at the board's failure to work constructively with Starboard to reconstitute the board.