Data & Analytics

PREIT, whose portfolio includes the Plymouth Meeting Mall in Pennsylvania, the Mall at Prince Georges in Maryland, and the Springfield Town Center in Virginia, has introduced a digital shopper loyalty program that rewards participating retailers with customer behavioral data.  

Specialty alcoholic beverage retailer BevMo is shuffling its leadership team as part of an organizational transformation initiative.  

The POS has never been the most flashy or talked-about solution in the retail IT environment.   From manual cash registers up to client/server-based terminals, the basic idea of the POS as a fixed box that takes payment in and spits receipts out stayed pretty much the same.  

In a new federal lawsuit, The Home Depot Inc. is accusing Visa and MasterCard of not doing enough to ensure EMV-compliant, chip-based payment cards truly prevent fraud.  

The idea of Starbucks serving as a “third place” outside of home and work has been reinforced with a new add-in to Microsoft Outlook.  

Rite Aid Corp. reported disappointing first-quarter earnings and sales results in its first quarter amid pressure on pharmacy reimbursement rates.   The chain reported a loss of $4.6 million for the quarter ended May 28, after reporting a profit in the same period a year earlier. Excluding certain items, adjusted net income was $14.5 million, or 1 cent per diluted share, compared with 2 cents a year earlier.   The results fell short of Wall Street expectations.   

Wal-Mart Stores sent out a message to naysayers who say the chain’s best days are behind it.    Speaking at the Consumer Goods Forum conference in Cape Town, South Africa, Wal-Mart CEO Doug McMillion said the retailer expects to add $45 billion to $60 billion of new sales during the next three years.  

Target Corp. is continuing to hire tech experts for its ultra-secret “Goldfish” project, with the newest recruit being the former chief technology officer of sports news website Bleacher Report.     The Minneapolis/St. Paul Business Journal reported that Sam Parnell has joined Target with a title of VP of innovation, and be based in the company’s office in Sunnyvale, California.

The Cartwheel couponing app from Target, which launched in 2013, is getting its biggest makeover yet.   Having been used by more than 25 million customers to create a total savings of more than $500 million, Cartwheel will now offer a more personalized experience, among other upgrades.  

The Kroger Co. topped Wall Street expectations with more than one result in the first quarter of fiscal 2016.