Data & Analytics

New York — Retail brokerage firm Cohen Real Estate has added two new members to its brokerage team, augmenting the firm’s presence in New York City.

Guy Saban joins Cohen as investment sales broker, and will provide real estate advisory and investment services to buyers and sellers who are seeking to expand, optimize, and/or diversify their real estate portfolios.

Max Garelick joins as real estate associate, and will work alongside Cohen VP Michael Cleeman to market retail, mixed-use and multi-family properties in Manhattan.

Ralph Crabtree, CTO of Brickstream

New York – Although Macy’s Inc. reported a 4% increase in net income to $292 million in the second quarter of fiscal 2014, from $281 million in the same period a year earlier, the company still missed Wall Street expectations. Leftover merchandise from a sluggish first quarter helped keep Macy’s profit growth down.

Mississauga, Canada -- Target Canada is launching several initiatives to improve business performance and better deliver the Target brand experience to Canadian customers. Among the initiatives are a partnership with interior designer and TV host Sarah Richardson, who will launch an exclusive home décor line at Target Canada in fall 2015.

Downers Grove, Ill. – Net income dropped 14.5% at FTD Inc. to $4.7 million in the second quarter of fiscal 2014 from $5.5 million in the same period the prior year. Costs related to FTD’s planned purchase of Provide Commerce were primarily responsible for the decline in net income.

Montreal – Canadian grocery retailer Metro Inc. reported medium results for its third quarter fiscal 2014. Net earnings for third quarter 2014 were $144.5 million, an increase of 0.1% from net earnings of $144.4 million for the same quarter of 2013.

Research Triangle Park, N.C. – Nine-in-10 retailers report selling on online marketplaces, and 64% use digital marketing. Results of a survey of more than 200 U.S. and U.K. online retailers from e-commerce provider Channel Advisor also indicated the following:

New York – XO Group Inc., parent company of online maternity and wedding retailers such as TheBump.com and TheKnot.com, has named Dhanusha Sivajee as executive VP marketing, responsible for overseeing the brand, consumer marketing, partnerships and communications. Sivajee joined XO Group from AOL, where she served as chief marketing officer for the AOL Brand Group and drove audience growth across AOL's portfolio of digital brands.

Seattle – Amazon.com has entered into direct competition with digital payment providers Square and PayPal by releasing Amazon Local Register, a secure card reader and mobile app that allows retailers to accept credit and debit cards from a smartphone or tablet. Users create an account, purchase a $10 card reader, and download a free mobile app.

Amazon launched a mobile point-of-sale solution called Amazon Local Register that gives merchants a low-cost payment acceptance method while providing it with new insights into offline commerce.