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Strategy

  • ACI Wordwide acquires ISD Corp.

    New York City -- ACI Worldwide, an international provider of payment systems, announced that it has acquired ISD Corp. to broaden the functionality of its payments solutions for retailers. ISD is a provider of secure payment management software and solutions for retailers in the United States and Canada.

    With the addition of 140 customers from ISD, ACI now has more than 220 retailers worldwide running ACI payment systems.

  • MOGO Design makes large-scale retail debut at Nordstrom's

    SEATTLE, Wash.  -- MOGO Design, a Seattle-based company that has developed a new and patented magnetic accessory line for tween girls, announced that it has signed a national distribution deal with Nordstrom. The deal will bring the MOGO charm line with more than 200 charms to all Nordstrom full-line store locations throughout the United States and is MOGO Design's large-scale debut into the fashion specialty retailer channel. MOGO is available in select locations now with the full roll-out to be complete by April 2011. 

  • Rue21 selects MID Retail to provide Advanced Allocation Software

    Indianapolis -- MID Retail said Tuesday that Rue21 has selected its Advanced Allocation Software for Allocation and Store forecasting.

    According to MID, its Advanced Allocation Software was designed to help multi-store, multi-SKU retailers increase accuracy, efficiency and profitability.

  • Walgreens achieves record sales, Rx growth

    DEERFIELD, Ill. — Walgreens announced on Tuesday record sales and earnings for the second quarter as it celebrated a milestone of filling 1-in-every-5 retail prescriptions for the first time in the company's history.

    Net earnings for the quarter were $739 million, or 80 cents per diluted share, compared with $669 million, or 68 cents per share, in the year-ago period.

  • The Bargain Shops names Dollar General exec as CEO

    Toronto -- Canadian discounter The Bargain Shops said Tuesday it has hired Beryl Jack Buley, former division president of Dollar General Corp., as its CEO.

    The retailer said it is prepping for Target Corp.’s takeover of former Zellers stores across Canada in two years, which could shift some of Bargain Shop customers over to Target.

    According to an Associated Press report, however, Buley said he is not worried about the impending competition from Target, saying that “enormous opportunity” remains in Canada.

  • Leonard Green firm evaluating BJ’s takeover

    New York City -- Information on Tuesday confirmed that private equity firm Leonard Green & Partners LP is considering an offer to acquire BJ’s Wholesale Club.

    Leonard Green, which already as a 9.3% ownership stake in the wholesale club operator, said in an SEC filing that it is examining confidential information provided by BJ's as it evaluates an offer.

    BJ's revealed in February that it was considering selling itself.

  • Former Kohl's exec to head Canadian discount store

    MISSISSAUGA, ONTARIO -- TB!S The Bargain Shop, a leading Canadian discount store chain, announced that Beryl Buley has been appointed president and CEO, effective immediately. Former president and CEO, Michael Roellinghoff, will assume the role of vice chairman of the board.

  • Report Sees Strong Rise in Retailer Growth in 2011

    Retailers’ growth plans in the United States are up 40% over last year’s levels, according to ChainLinks' Retail Advisors Spring 2011 National Retail Report. The report, which details trends impacting retail commercial real estate in more than 40 of the nation’s top markets, credits the surge in expansion to two key factors: the return of optimism within the retail sector; and the desire to expand quickly now -- before retail fundamentals improve enough for rents to start climbing again.

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