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Data & Analytics

  • SAS and 360pi team up to help retailers price right

    Ottawa, Canada -- 360pi, a leading provider of retail price and product intelligence, announced a collaborative effort with SAS, a leader in business analytics software and services. The goal is to allow retailers who combine 360pi's competitive price intelligence with SAS' revenue optimization engine to gain full real-time visibility into competitive pricing to make more profitable pricing decisions.

  • Target interim CEO: Customers can shop with confidence

    New York -- John Mulligan, the interim CEO of Target, said he wants customers to know they can shop with confidence at Target. Mulligan made his remarks during a TV interview with CNN's Poppy Harlow (See video below).

    Mulligan, CFO of Target, was named as the interim CEO on Monday. He replaced company veteran Gregg Steinhafel, who departed the chain as it deals with the ongoing aftermath of its data breach.

  • Ross Stores names chief merchandising officer Barbara Rentler as new CEO

    Dublin, Calif. -- Ross Stores’ board approved a succession plan that elevates Barbara Rentler from president and chief merchant to CEO, effective June 1, replacing Michael Balmuth who will transition to executive chairman.

    Current president and COO Michael O’Sullivan will continue in his present position.

    Other promotions effective June 1 include: Lisa Panattoni to president, merchandising; and Bernard Brautigan to group executive VP merchandising.

     

  • GNC Holdings profit slides in Q1

    Pittsburgh -- GNC Holdings reported that net income for the quarter ended March 31 dipped to $69.9 million, from $72.6 million in the year-ago period.

    Retail revenue grew 3.1% to $509.0 million, compared to $493.5 million for first quarter 2013, driven primarily by strength from the e-commerce sector. Consolidated revenue edged up 1.9% to $677.3 million. Same-store sales decreased 0.7%.

  • Vitamin Shoppe profit flat in Q1; 60 stores on tap

    North Bergen, N.J. -- Vitamin Shoppe reported flat net income for the first quarter, at $20.5 million. Sales during the period grew 10.3% to $307.8 million, boosted by e-commerce strength, and same-store sales increased 3.6%.

    “We are continuing to make investments in our omni-channel initiative to further enhance our customers overall experience," said Tony Truesdale, CEO.

    The company opened nine stores in the quarter, including one in Canada. It said it plans to open 60 new stores in 2014.

     

  • Zachys taps SLI Systems for e-commerce search and shopping improvements

    San Jose, Calif. -- Software as a service search provider SLI Systems said that retailer Scarsdale, N.Y.-based Zachys Wine & Liquor has put in place SLI’s cloud services and has seen online conversions and per-visit value nearly double that of the site average.

    According to SLI, Zachys saw use of its search box by visitors increase one third and is now looking to expand its use of SLI's learning-based services to include site navigation pages as a revenue-boosting strategy.

  • Motorola’s new mobile marketing platform uses Wi-Fi and Bluetooth technology

    New York -- Motorola Solutions has launched a new unified indoor locationing platform designed to help retailers boost customer engagement. The company’s MPact Platform for Mobile Marketing breaks new ground by using both WI-FI and Bluetooth Smart technology to engage with shoppers in store aisles by offering them customized offers and sales assistance.

  • Hudson’s Bay taps new financial chief

    Hudson’s Bay Company has named Paul V. Beesley as CFO, effective June 2014.

  • Easter holiday shift affects Weis Markets in first quarter

    The timing of the Easter holiday, which was observed in last year’s first quarter but this year’s second, affected Weis Market’s first quarter results for the period ended March 29.

    The company's sales for the quarter increased 0.6% to $687.1 million while its comparable store sales for the quarter decreased 1.3% compared to the same period a year ago.

  • Neiman Marcus Group bolsters board

    The Neiman Marcus Group has added Adam Brotman, Phillipe Bourguignon, and Vivek “Vic” Gundotra to its board of directors.

    Brotman is chief digital officer for Starbucks and is responsible for Starbucks’ core digital businesses, including mobile and mobile payments, Web, card, loyalty, e-commerce, wi-fi and the Starbucks Digital Network. Prior to joining Starbucks in 2009, Brotman held key leadership positions at leading digital media companies including Corbis and PlayNetwork.

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