Data & Analytics

Ace Hardware Corp. is best known for selling home improvement merchandise, but also operates a growing grocery channel.

Using technology from ProLogic Retail Services, a provider of loyalty marketing solutions specializing in independent grocers, the retail cooperative is enabling its Ace Rewards loyalty program in co-located grocery stores. Ace operates grocery in both “store-within-a-store” configurations and adjacent storefronts with grocery partners.

Plans are being finalized for a new 100,000-sq.-ft. retail re-development in Enid, Oklahoma, across from the city’s Oakwood Mall, according to developer GBT Realty Corp.

The world’s largest social media network showed its chops in the first quarter, reporting impressive increases in revenue, earnings and users that shattered analysts’ expectations.

Facebook reported $2.2 billion in profit for the quarter, ended March 31, up from $1.8 billion in the year-ago period. Revenue totaled $5.38 billion, up 52% over the year ago period.

Despite their tech-savvy reputation, millennials are not above reducing their retail spending with the help of good old-fashioned print coupons.

Effectively managing an end-to-end supply chain is a tricky proposition for most retailers.

No matter where a retailer is located or what products they sell, their supply chain likely extends across the globe, exposing them to a wide variety of potential issues. In a new report, “Is Your Luck Running Out? Managing Supply Risk in Uncertain Times,” A.T. Kearney identifies 12 specific risk trends, most negative but some with mixed or even positive impact that will affect the supply chain through 2025.

Coach on Tuesday reported its first growth in quarterly profit in three years. The retailer also announced a series of management changes and corporate job reductions resulting in a pre-tax charge of about $65 million to $80 million in the fourth quarter.

Coach said it would cut an unspecified number of corporate jobs, and announced that president and COO Gebhard Rainer and global marketing president David Duplantis would leave the company.

Sears Holdings will shutter its apparel design office in New York City.

The struggling retailer will shutter the 154-employee office in July, reported the New York Post, which cited a Department of Labor filing.

Sears will move approximately 40 positions to an existing site in San Francisco, with the remainder positions to be cut, according to the report.

Payments are no longer a means to an end for accepting money and finalizing a transaction.

According to a new global survey of senior retail executives responsible for payments strategy and/or payments IT strategy from payments company ACI Worldwide and technology analyst firm Ovum, “2016 Global Payments Insight Survey: Merchants and Retailers,” up to 81% of retailers view payments as a clear part of their business strategy.