Data & Analytics

Neuhausen, Switzerland -- Tyco Retail Solutions has released TrueVue 5.0, the latest version of its flagship retail software suite and an extension of its TrueVue Retail Platform. With this new release, customers can now receive mobile reports via iOS devices to monitor key store performance metrics anywhere, anytime.

San Francisco -- Wells Fargo & Company and Dillard’s have entered into an agreement for Wells Fargo to fund, issue and service Dillard’s-branded private label and co-brand credit cards. Wells Fargo will also manage the cardholder loyalty program for Dillard’s.

The program agreement has a 10-year term and is anticipated to become operational in the fourth quarter of 2014, following the scheduled expiration of Dillard’s current program agreement. Financial terms of the agreement were not disclosed.

St. Louis -- Whether shopping alone or in a group, Millennials remain digitally connected contacting friends and family for advice or opinions via text, phone call or social media, according to a survey conducted by Mooslyvania, an independent digital advertising agency. While 57% surveyed said they tell their friends about their purchases, 44% prefer to "show off" their purchases, even if it's in subtle ways.

At the recent Oracle Industry Connect Conference held in Boston, a number of speakers from prominent retailers including Kohl’s, Hot Topic, and C. Wonder extolled the virtues of “vanilla” implementations of enterprise systems. In this context, vanilla means implementing an enterprise platform with all or many of that vendor’s applications, minimizing customization or use of one-off “best of breed” solutions.

Sidney, Neb. -- Cabela’s Inc. has renewed a variable funding facility with Royal Bank of Canada for an additional three years and the commitment under the variable funding facility has increased from $350 million to $500 million. The variable funding facility relates to an outstanding series of variable funding notes issued by Cabela’s Credit Card Master Note Trust.

Houston -- The Men's Wearhouse, Inc. has engaged the advisory firm, AlixPartners, to support its integration of Jos. A. Bank Clothiers, Inc. Jos. A. Bank's store banner will remain in place and management will consist of executives from both companies.

By Pat Dermody, president, Retale

This is not a lecture about embracing digital. Chances are you have already heard that, read that, maybe even repeated it to yourself. If not, you had better hurry up.

Boca Raton, Fla. – Office Depot Inc. has named Juliet Johansson as executive VP and chief strategy officer, effective immediately. Johansson is a member of Office Depot’s executive committee and reports to Roland Smith, chairman and CEO of Office Depot Inc.