Data & Analytics

7-Eleven gets even more convenient
Dallas – 7-Eleven Inc. bases its value proposition on being a convenient way of purchasing food and CPG staples. But for consumers who are too time-strapped to even make a quick visit to their nearest 7-Eleven store, the retailer is offering a new omnichannel delivery service.

7-Eleven and omnichannel delivery provider DoorDash are partnering to provide on-demand delivery from participating 7-Eleven stores in New York, Los Angeles and Chicago, with delivery service following in Washington, D.C. and Boston in the coming months.
Another retailer joins the innovation lab ranks
Denver – Another company has joined the constantly expanding ranks of retailers who operate proprietary innovation labs.

Demonstrating that the appeal of innovation labs is moving beyond major chains, specialty online retailer eBags is teaming with Iterate Studio to jointly create a two-part innovation lab.

IHL: One vendor dominates hardgoods POS market

Franklin, Tenn. – Unlike the softgoods retail POS market where there are two leading vendors, one vendor clearly dominates the POS market for hardgoods retailers.

According to the new “POS Software of Hardgoods” study from IHL Group, Oracle is the clear market leader in the hardgoods market, with 39 of the top 200 accounts.
K-VA-T stays in the money

Arlington, Va. – Regional southeastern grocery retailer K-VA-T Food Stores is staying in the money, and doing it remotely.

The operator of the Food City and Super Dollar banners has implemented vbInSight by Balance Innovations as its corporate reporting solution.

vbInSight is a Web-based corporate reporting application that provides K-VA-T with immediate access, via alerts, to individual and aggregate bookkeeper and cashier data.
Cool clothes in a high-tech store setting

New York -- Rebecca Minkoff has brought its “Store of the Future” concept to Los Angeles.
Dollar Tree merger good for sales, but related costs hammer earnings

Chesapeake, Va. -- Dollar Tree swung to a loss in its second quarter on higher integration costs related to its acquisition of a formal rival. But its revenue skyrocketed as a result of the merger.

On July 6, Dollar Tree completed its $9 billion acquisition of Family Dollar Inc.
European payments player launches in U.S., and its first retail partner is…

New York -- A Swedish-based payments company that allows mobile shoppers to pay for a purchase after has been delivered has entered the increasingly competitive U.S. payments market.

On Tuesday, Stockholm-based Klarna announced its official U.S. launch, with Overstock.com as its first major retail partner.
Dollar Tree profits from Family Dollar deal

The acquisition of Family Dollar in the second quarter led Dollar Tree Inc. to report quarterly sales that were up more than 48% from a year ago.

For the second quarter ended Aug. 1, Dollar Tree reported sales of $3.01 billion, boosted by $811.6 million in sales from Family Dollar. Same store sales rose 2.7%. Dollar Tree reported income of $138.9 million. The retailer’s earnings were 67 cents.
Guitar Center promotion is a hit

Guitar Center has crowned the winner of its Cover Me promotion, which aims to jump-start the career of amateur musicians.

The retailer along with DJ Zedd have selected Tyler Acord, aka Scout, as the winner of Guitar Center's Cover Me contest.
HEB joins Instacart bandwagon

Regional supermarket operation H-E-B wants to make its customers lives’ better and believes its new relationship with Instacart accomplishes that objective.

H-E-B is the latest retailer to reach an agreement with grocery delivery service provider Instacart to offer home delivery in the Austin and Houston markets.
Lowes Canada targets frequent fliers

Shoppers at Lowe’s stores in Canada will soon be able to turn their purchases into miles toward air travel.
This e-retailer has digital innovation in the bag

Ebags is quickening the pace of its digital innovation by teaming up with Iterate Studio to create two new tech research labs.

Recognized by retailers as an early pioneer of drop-ship (1999), customer product reviews (1999), and A/B split testing (2000), eBags' goal is to pioneer game-changing services by embracing the new digital frontier which includes mobile services and the Internet of Things (IoT).