Business Intelligence (BI)

Retail chains are keeping a sharp eye on IT solutions that will deliver a fast return on investment and streamline business operations. A step in the right direction is to transition a legacy-based applications to the cloud, but a lack of understanding among the corporate hierarchy can slow efforts.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday a profit of $60.5 million for the quarter ended Dec. 1, compared with a year-earlier loss of $54.5 million and marking the first time since quarter-ended May 2007 that the drugstore retailer has turned a profit.
 
Rite Aid also raised its forecast for the year, abandoning earlier forecasts of a loss for the year and instead suggesting that the company may turn an annual profit.
 

WALTHAM, Mass. — Profitect, a provider of retail software, has appointed Mike Mitchell as its new director of global professional services.

Mitchell will lead the company’s project management and business consulting efforts. Prior to joining Profitect, Mitchell served as VP of customer service for Agilence, Inc., overseeing all product implementation, support and professional auditing services.

Menomonee Falls, Wis. -- Kohl’s Department Stores on Tuesday announced activation of the company’s largest solar project at its 1 million-sq.-ft. e-commerce fulfillment center in Edgewood, Md.

The center opened in 2011 and recently earned LEED (Leadership in Energy and Environmental Design) certification from the U.S. Green Building Council at the gold level. The location is Kohl’s sixth solar site in Maryland. It is also the company’s first LEED-certified logistics facility.

WATERBURY, Vt. — Green Mountain Coffee Roasters has implemented several changes to its board of directors.

GMCR has elected Norman H. Wesley as its new chairman of the board and appointed former Kellogg Company head A. D. “David” Mackay as an independent director. Michael J. Mardy, who had previously served as interim chairman, will continue in his role as audit committee chair.

Palo Alto, Calif. -- Retail and distribution optimization company Aldata said Tuesday it has merged with customer engagement specialist EYC.

Both companies are part of the Symphony Technology Group, and the merger will create a new company, Symphony EYC.

The merger is intended to combine EYC’s customer engagement analytics with Aldata’s retail and distribution optimization execution capabilities, linking customer insights and engagement strategies into retail assortment, merchandising and supply chain execution.

NEW YORK — Norman Woodland, co-inventor of the bar code which transformed global commerce in the 1970s, passed away Saturday at the age of 91 from complications related to Alzheimer’s, according to a Reuters report.

The advent of the bar code reshaped retail decision-making and supply chains and its impact continues to be felt today. Five billion products are scanned optically using the bar code every day, according to GS1 US, the American arm of the global UPC standards body.

IRVINE, Calif. — Greeting card manufacturer Hallmark has extended its contract with iPass, a high-speed wide area networking platform and Wi-Fi service provider.

Hallmark has used iPass to provide managed network services to more than 2,100 corporate and independent retail locations for the last seven years. The new five-year contract will enhance Hallmark’s networking capabilities, allowing it to add new managed services that will allow the card manufacturer to further its expansion into the digital market.