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Strategy

  • ECRM does data, elevates insights offer with Zannelli

    Efficient Collaborative Retail Marketing (ECRM) continues to expand its capabilities and has done so again with another key retail industry hire.

    ECRM recently hired retail and consumer packaged goods data veteran Jennifer Zannelli to the newly created role of ECRM Data Sales. In this capacity, Zannelli will lead strategic sales initiatives for ECRM Data and also help develop new products and services.

  • Bon-Ton sells six stores in leaseback agreement

    York, Pa. - The Bon-Ton Stores Inc. is selling six stores for $84 million to CPA: 17 – Global, a non-traded real estate investment trust (REIT) of global net lease REIT W.P. Carey Inc. Bon-Ton will lease the stores back.

    Proceeds from the transaction will be used to pay one of two of the company’s mortgage loans due in April 2016. Each loan has about $105 million in principal and consists of 12 properties. Bon-Ton is actively pursuing refinancing options for the second loan.

  • This grocer is thinking big as competitors go small

    With many retailers such as Walmart and Target focused on opening smaller stores, Midwest supermarket operator Roundy’s is thinking big in Chicago with its newest Mariano’s location.

  • NCR: Restaurants say technology impacts revenue

    Duluth, Ga. - A majority of restaurant owners and managers believe that technology has a direct impact on increased revenue.

    According to the 2015 NCR Restaurant Technology Pulse, 67% of respondents say technology helps drive revenue growth and 35% of restaurants are more dependent on tech tools compared to a year ago.

  • Walmart piloting product content system for suppliers — and customers

    New York -- Walmart wants to keep customers better connected with supplier information.

    The discounter on Monday unveiled a pilot program called the Product Content Collection System (PCCS), which is designed to provide rich, descriptive data about Walmart products from all suppliers and manufacturers, while providing the most accurate, up-to-date, and comprehensive product information to customers. Walmart introduced the new venture on the blog of its Silicon Valley-based, technology laboratory, WalmartLabs.

  • As retailers profit from pyro, consumers ask which way to the ER

    Fireworks sales are expected to reach a record level this year and while reported injuries have declined seeking medical treatment is still a Fourth of July tradition for many.

    The American Pyrotechnics Association (APA) forecasts that consumer fireworks sales will reach a record level this year. Backyard fireworks have never been more popular or in more demand, according to APA, and despite the sluggish economy sales grew from $600 million in 2006 to $662 million in 2013.

  • Accenture aims to digitally transform the retail sector

    Accenture is looking to help retailers move more quickly to digital with its acquisition of Javelin Group, a retail strategy consulting and digital transformation services provider.

  • Accenture completes Javelin purchase

    London - Accenture has completed its acquisition of Javelin Group, a retail strategy consulting and digital transformation services provider. The acquisition was first announced on May 18, 2015.

    Javelin Group will be a distinct business unit within Accenture Strategy. Accenture will leverage Javelin’s specialist retail strategy and digital capabilities to help retailers accelerate digital transformation.

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