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Study: Four-in-10 retailers will use Apple Pay, analytics in 2015
Franklin, Tenn. – About four- in-10 retailers plans on using both Apple Pay (43%) and predictive analytics (42%) by the end of 2015. According to a new study from IHL Group, “Retail 2018 – Retail Transformed,” things are looking up for both store growth and IT spend.
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Low PC demand plagues Hhgregg
Sluggish traffic and weak performance in the consumer electronics segment led Hhgregg to post a 6.3% drop in same store sales in the third quarter.
The retailer reported a loss in profits from the prior year period and missed Wall Street expectations for both profit and revenue. Hhgregg posted a net loss of $86.9 million, compared to net income of $5.05 million, which was a wider loss than projected by analysts.

