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August 28, 2014

Bitcoin digital currency platform provider BitPay has become a Demandware Link Technology Partner.

Atlanta – Bitcoin digital currency platform provider BitPay has become a Demandware Link Technology Partner. Demandware’s clients will now be able to easily add bitcoin as a form of payment due to BitPay’s development of a pre-built integration between its payment processing services and the Demandware Commerce platform.  

June 24, 2014

Canadian supermarket chain Sobey’s Inc. has signed a cross-Canada, long-term agreement with loyalty and marketing solutions provider Alliance Data Systems Corp.

Stellarton, Canada – Canadian supermarket chain Sobey’s Inc. has signed a cross-Canada, long-term agreement with loyalty and marketing solutions provider Alliance Data Systems Corp. Under the agreement, Sobeys-owned banners in Atlantic Canada, Quebec, Western Canada, and northwestern Ontario, will remain sponsors in the Alliance Air Miles Reward Program. In addition, other Sobeys-owned banners in western Canada will also issue Air Miles reward miles beginning in fall 2014.

April 7, 2014

One of the most fascinating developments over the last several years in our industry has been the explosion of new and different types of dining concepts.

One of the most fascinating developments over the last several years in our industry has been the explosion of new and different types of dining concepts. And it’s not only the restaurants chains evolving and emerging, but also about the way that dining preferences are changing.

January 21, 2014

PassBee Media is rolling out a new iBeacon location-based marketing solution.

Plano, Texas – PassBee Media is rolling out a new iBeacon location-based marketing solution. The application is aimed at allowing retailers to target indoor or in-store consumers for increasing foot traffic, engagement, and sales.

November 15, 2013

Retailers increasingly see e-commerce as a cross-channel or omni-channel functions, rather than as a standalone process.

Walnut Creek, Calif. – Retailers increasingly see e-commerce as a cross-channel or omni-channel functions, rather than as a standalone process. According to the new RSR Research E-Commerce Benchmark Report 2013, 68% of retailers strongly agree or agree that the future of online commerce lies more with cross-channel or merged capabilities, with another 21% having neutral feelings and only 11% disagreeing or strongly disagreeing.

November 11, 2013

YCD Multimedia, a provider of smart digital signage solutions, announced that Silver Jeans Co. has installed YCD's content management system (YCD|CMS) as the engine behind a new in-store concept.

New York -- YCD Multimedia, a provider of smart digital signage solutions, announced that Silver Jeans Co. has installed YCD's content management system (YCD|CMS) as the engine behind a new in-store concept.

The new format uses music and video wall technology to build customer loyalty within a multi-sensory environment that captures attention and shares the Silver Jeans' story.  The concept debuted at The Woodlands Mall in Woodlands, Texas, is the first of several locations marking Silver Jeans’ transition to exclusive brick-and-mortar retail.

October 31, 2013

Sears Appliance & Hardware has debuted a smaller, neighborhood model format that will become a company standard for all new locations going forward.

Hoffman Estates, Ill. -- Sears Appliance & Hardware has debuted a smaller, neighborhood model format that will become a company standard for all new locations going forward. The new store, in Dallas, is also the first brand new Sears Appliance & Hardware store to open in the past ten years.

October 28, 2013

Larry Kirshbaum, a publishing industry executive who joined Amazon.com’s New York-based publishing unit in 2011, is reportedly leaving the company to become a literary agent.

New York – Larry Kirshbaum, a publishing industry executive who joined Amazon.com’s New York-based publishing unit in 2011, is reportedly leaving the company to become a literary agent. According to the Associated Press, Kirshbaum, who formerly was in charge of the Time Warner Book Group will officially leave his position in January 2014.

May 21, 2013

The hunt for the deal has grown significantly in the past year and is now a behavior consistently seen in shoppers from all demographics, according to an annual shopper study by Parago.

Lewisville, Texas – The hunt for the deal has grown significantly in the past year and is now a behavior consistently seen in shoppers from all demographics, according to an annual shopper study by Parago.

The report, “Let’s Make a Deal,” revealed that deal seeking is no longer just trendy or born completely out of necessity. Shoppers not only are continuing to seek out the very best prices, but are willing to go out of their way to save even a little bit.
 

February 11, 2013

By Rob Schmults, Intent Media

December 10, 2012

By Derek Bonney, Manifest Digital

By Derek Bonney, derek.bonney@manifestdigital.com

Technology has shifted everything, especially the retail experience. Not only has it changed how we locate, evaluate and purchase products or services, it has created a treasure trove of data for both retailers and marketers. So let’s examine something I call the “Retail Shift.”

November 7, 2012

By Jason Hamilton, Snagajob

October 12, 2012

More and more retailers are using digital technology to enhance the physical store experience and engage customers.

New York -- More and more retailers are using digital technology to enhance the physical store experience and engage customers. In the latest example, Adidas has taken window shopping to a new level with an interactive digital window concept that connects with consumers’ smartphones, making it easy to shop at any time without an app or scanning various QR codes. Consumers shopping for the latest fashion items are using time during a six-week pilot test at the Adidas NEO Label store-front in Nürnberg, Germany.

October 8, 2012

Hennes & Mauritz AB has cut a deal to open in Manhattan’s Times Square, the New York Post reported.

New York -- Hennes & Mauritz AB has cut a deal to open in Manhattan’s Times Square, the New York Post reported.

According to the report, H&M will move into the three-floor, 42,510-sq.-ft. space at 4 Times Square that was previously occupied by the restaurant ESPN Zone. The space, which has been vacant for some two years, includes two huge billboards that wrap above the store’s facade along Broadway and West 42nd Street.

 

August 27, 2012

By Jim Hogan, GE Capital

By Jim Hogan, james.hogan@ge.com

The retail industry is a bellwether for U.S financial health given that consumer spending is roughly 60%-70% of the economy. While the economy has sent mixed signals of late -- consumer confidence down, unemployment up -- consumer credit has swung up decidedly and leading companies in a wide swath of retail segments can point to positive year-over-year same store sales. This is prompting some retailers -- particularly discount stores--to begin opening new stores.

August 22, 2012

Chico's FAS Inc.'s second-quarter net income surged a better-than-expected 22% amid increased sales across its brands.

Fort Meyers, Fla. -- Chico's FAS Inc.'s second-quarter net income surged a better-than-expected 22% amid increased sales across its brands. The retailer, which has now topped analyst estimates for the last three quarters, raised the low-end of its 2012 revenue outlook, citing its performance for the first half of the year. 

Chico's earned $52.4 million for the period ended July 28, compared with $42.8 million in the same  period last year.

August 22, 2012

Express Inc. reported a 25% increase in net income for the second quarter.

Columbus, Ohio -- Express Inc. reported a 25% increase in net income for the second quarter. But the retailer slashed its profit outlook for the year and said that same-store sales barely rose last quarter and that it expects about the same for the rest of the year.

Express earned $15.8 million for the quarter ended July 28, better than analysts expected, compared with $12.6 million in the year-ago period.

Revenue increased 2% to $454.9 million, short of the $467 million analysts had expected. Same-store sales inched up 1%.

August 22, 2012

A group of Rona Inc.'s dealers on Wednesday released an open letter on Wednesday that criticized the proposed takeover of the Canadian home-improvement retailer and distributor by Lowe’s Cos., Reuters reported.

New York -- A group of Rona Inc.'s dealers on Wednesday released an open letter on Wednesday that criticized the proposed takeover of the Canadian home-improvement retailer and distributor by Lowe’s Cos., Reuters reported.

The letter, which was addressed to Lowe's CEO Robert Niblock, was signed by merchants that operate 164 affiliate or franchise Rona stores.

August 22, 2012

Greenway Medical Technologies Inc. has entered into a deal with Walgreen Co. whereby the drug store chain will use Greenway’s electronic health records in all of its stores.

New York -- Greenway Medical Technologies Inc. has entered into a deal with Walgreen Co. whereby the drug store chain will use Greenway’s electronic health records in all of its stores.

Greenway said its records will allow Walgreen pharmacists to view a customer's entire prescription profile and health testing and immunization history even if the customer received those services at other Walgreen stores.

The service will be rolled out at all Walgreen stores by the end of next summer.

 

August 21, 2012

Cost Plus World Market has launched a new website as a part of the brand’s strategy to elevate its e-commerce business and provide expanded opportunities for customers to discover more at Worldmarket.com.

New York -- Cost Plus World Market has launched a new website as a part of the brand’s strategy to elevate its e-commerce business and provide expanded opportunities for customers to discover more at Worldmarket.com. This is the largest redesign of the site since its launch in November 2005.

August 21, 2012

The Jones Group said that its Nine West banner has launched a new YouTube network called Channel 9 that will feature premium programming and user-generated content.

New York -- The Jones Group said Tuesday that its Nine West banner has launched a new YouTube network called Channel 9 that will feature premium programming and user-generated content.

"What we are creating goes far beyond providing branded content," said Richard Dickson, Jones Group president and CEO. "Channel 9 is a new and innovative first-to-market portal for the footwear and fashion obsessed that will bring brand adjacent content and entertainment to viewers.”

August 21, 2012

Casual Male is shifting its focus to its Destination XL (DXL) format.

New York -- Casual Male is shifting its focus to its Destination XL (DXL) format. By the end of 2015, the company expects to have closed all 400 Casual Male stores and have 225 to 250 DXL units, according to Women’s Wear Daily.

The DXL stores feature a wide array of merchandise, including both private label and name brands, and price points that range from the lower-end to the more upscale. By the end of 2012, the company expects to have 51 DXL stores in operation, the report said.

August 21, 2012

As a prelude to the upcoming World Retail Congress in London (September 19- 21), five retail leaders who will be speaking at the event participated in the following Q&A:

As a prelude to the upcoming World Retail Congress in London (Sept. 19-21), five retail leaders who will be speaking at the event participated in the following Q&A:

What would you say is the biggest issue facing retailers today?
 

August 20, 2012

Apple Inc. became the most valuable public company of all time on Monday, after its market value climbed beyond $620 billion to surpass a milestone set by Microsoft Corp. more than 10 years ago, Reuters reported.

New York -- Apple Inc. became the most valuable public company of all time on Monday, after its market value climbed beyond $620 billion to surpass a milestone set by Microsoft Corp. more than 10 years ago, Reuters reported.

Apple shares reached a high of $664.74 on Monday morning, giving them a total value of $623.14 billion. This broke past the record of $620.58 billion set by Microsoft back in 1999, according to the report.

August 20, 2012

By Shelley E. Kohan, RetailNext

By Shelley E. Kohan, shelley@bviretailnext.com