Predictive Analytics

Mooresville, N.C. -- Lowe's Cos. reported net earnings of $450 million for the fourth quarter ended Jan. 30, a 47.0% increase over the year-ago period. Sales for the quarter increased 7.6% to $12.5 billion, up from $11.7 billion in the year-ago quarter.

Tokyo - Shiseido Co. Ltd., a global cosmetics manufacturer, will empower its nearly 10,000 beauty consultants in Japan with IBM mobile apps designed to provide new customer services, customer-centric product improvements and social innovations.

New York -- Brixmor Property Group announced that in 2014, it completed lighting upgrade projects at 39 shopping centers, for an estimated combined energy reduction of 68%, or 6,100,000 kilowatt hours annually. That is equivalent to the annual carbon emissions from electricity used in 585 homes or the greenhouse gas emissions from more than 10 million passenger vehicle miles.

San Jose, Calif. – Almost all retail IT decision-makers feel vulnerable to insider data security threats. According to the 2015 Insider Threat Report from enterprise data security provider Vormetric, 93% of U.S. retail respondents reported they were "somewhat" or more vulnerable to insider threats.

Armonk, N.Y. - IBM is betting big on the cloud. The enterprise technology giant is releasing new hybrid cloud technology and services designed to extend clients' control, visibility, security and governance in a hybrid cloud environment similar to what they have in their private cloud and traditional IT systems.

In doing so, IBM aims to increase data portability across environments and make it easier for developers to work across cloud and non-cloud environments.  

By Navneet Loiwal, Shopular

Mobile was all the rage during the 2014 holiday buying season. But the mobile buzz of late hasn’t just been about mobile purchasing. More consumers are now retail deal-hunting by mobile than in previous years – creating an entirely new paradigm for handheld devices as it relates to information gathering and comparative shopping, versus the act of completing an actual purchase.
 

Schenectady, N.Y. – Price Chopper Supermarkets will deploy Retail 20/20 exception-based reporting to replace its legacy exception reporting application. Price Chopper, which operates grocery stores in Connecticut, Massachusetts, New Hampshire, New York, Pennsylvania and Vermont, selected Retail 20/20 for its advanced reporting engine and intuitive interface.

San Jose, Calif. - Mobile commerce is growing at nearly three times the rate of overall e-commerce. According to a new study from PayPal and Ipsos, from 2013-2016, the multi-country average compound annual growth rate (CAGR) for mobile commerce is projected at 42%, compared to 13% for overall e-commerce (including mobile commerce).

Cincinnati - Multichannel grocery shopping is surging across the globe, with the birth of a new child being a primary driver of an increased propensity to buy online. In addition, according to findings of a new study from customer service company dunnhumby, emerging and nascent markets are seeing the most growth with 97% and 89% year-on-year growth, respectively.

Chicago - Restaurant group Lettuce Entertain You Enterprises (LEYE) has moved its 25-year-old loyalty program to the Paytronix Rewards platform. LEYE opted to switch because Paytronix offers mobile and data analytics capabilities to support its transition from a card-based to a mobile-based loyalty program.