Strategy

In the rapidly changing landscape for payments, market leader Vantiv is changing more rapidly than most as evidenced by dramatic growth in its transaction volume, revenues and profits.

Each of those measures surged during the company’s third quarter ended September 30. Thanks in large part to acquisitions, transaction volume in the merchant service group increased 31% which caused net revenue to increase 42% to $297.7 million. The company’s total revenue increased 31% to $697.1 million while adjusted net income increased 21% to $96.9 million, or 49 cents a share.

Seattle -– Starbucks Corp. is planning to launch a coffee delivery service in select U.S cities in 2015, the company said during its quarterly investors’ conference call on Oct. 30. The new service will be available to loyalty program members using the chain’s new mobile app.    Starbucks gave few specific details about the service, but the new app, allowing users to order and pay for items, will launch in Portland in December and in other U.S. markets in 2015. 

A man behind some of America’s favorite brands will receive the Lifetime Achievement Award from Chief Executive magazine.  Leslie H. Wexner, chairman and CEO of L Brands will be honored at the CEO2CEO Summit conference, Dec. 4, 2014, at the New York Stock Exchange.

Goodlettsville, Tenn. -- Dollar General Corp extended its $80-a-share tender offer to acquire rival Family Dollar Stores Inc. from Oct. 31, 2014, to Dec. 31, 2014, unless further extended. It is the second time Dollar General has extended its offer.     About 4 million shares, or some 3.6% of Family Dollar's total share capital of about 114 million, had been validly tendered into the offer as of Oct. 30, Dollar General said in a statement.  

Arlington, Texas -- UCR Investment Sales, a division of UCR, announced the sale of Arlington Park Square, a 94,125-sq.-ft. value-add specialty retail center located in Arlington, Texas.   

Arlington, Va. -- The Retail Industry Leaders Association (RILA) and a group of merchant associations have sent a letter on the state of cybersecurity in the U.S. and how the payments system works in a letter to the Credit Union National Association (CUNA) and the National Association of Federal Credit Unions (NAFCU). The letter dispels what the merchant groups say are many misconceptions the credit unions have been driving regarding recent cyberattacks and the response by retailers and financial institutions. 

Clickstop, a multi-brand online retailer, has promoted Sarah Watson to Director of Business Development, moving supplies, for the company’s largest online store, USCargoControl.com.

This promotion is in line with Clickstop’s focus on strength-based approach to employee learning implemented in 2014.  Watson's natural drive to achieve goals, anticipate obstacles, seek consensus and organize work to improve collaboration has propelled her into this new role, according to the company.

New York -- Canadian consumer electronics retailer Future Shop, a subsidiary of Best Buy, will open its third small-format store, in Cornwall, Ontario, in November. The 8,000-sq.-ft. store  represents the evolution of its small-format that focuses on providing integration between in-store and online and a seamless customer experience. The updates layout features an open view to the back warehouse, a modernized esthetic and a creative use of warm colours that all contribute to an inviting shopping experience.