Retail

San Jose, Calif. -- RetailNext is releasing the latest version of its in-store analytics platform, RetailNext 5.1. New features in RetailNext 5.1 are multiple video stream export, Micros XBR integration, Japanese-language support for user interface and reports, appliance security improvements, and more.    

Toano, Va. –- Lumber Liquidators missed Wall Street estimates for both net income and sales for the third quarter of fiscal 2014.    Net income totaled $15.7 million, down 23% from $20.4 million in the year ago period, amid higher expenses. Net sales rose 5% to $266.1 million from $254.3 million. Same-store sales dropped 4.9%, although they improved each month in the quarter as more inventory became available.  

By Farla Efros, HRC Advisory   

Boston -- Palladin Consumer Retail Partners announced a majority investment in Harrys of London, a London-based luxury shoemaker and accessories house known for combining traditional craftsmanship with the latest footwear technology.    The Palladin investment will provide Harrys with capital to expand its operating team, open additional retail stores and invest in new initiatives to fund growth including marketing, merchandising, product development, and e/m-commerce.

Santa Clara, Calif. –- Wal-Mart Stores Inc. is reportedly developing a new centralized approach to how it prioritizes and executes IT projects.    According to the Wall Street Journal, Wal-Mart will now consolidate all IT projects into a single portfolio overseen by CIO Karenann Terrell.  

Dallas -- SRS Real Estate Partners announced that two of its brokers have been recognized by their client, Carter’s, for bringing the two most profitable locations nationwide based on a sales-to-rent ratio.

 

Dawn Greiner, senior VP, and Carey Moen, first VP, both in the SRS Dallas/Ft. Worth office, helped Carter’s sign leases at the two locations. Greiner is the master broker for Carter’s and Moen is a part of the team of brokers that represent the retailer nationwide.

Seattle –- VenueLabs is launching a free social listening tool geared for small businesses called AboutLocal. AboutLocal lets small retailers listen to and engage with customers in real time across hundreds of disparate channels.