Data & Analytics

President Barack Obama has taken heat over his use of executive orders, but that wasn’t the case on Friday when retail trade groups lined up behind the president in support of wide ranging data security measures.

Philadelphia –- Urban Outfitters Inc. is warning that continued negative same-store sales in the third quarter of fiscal 2014 may have an impact on quarterly earnings. The specialty apparel chain said declining same-store sales could deleverage gross profit margin for the third quarter at a rate greater than during the first half of the year, leading to dampened profits.  

Las Vegas -- Today’s convenience stores face growing pressure to evolve amid the ramped-up expectations of global consumers, according to remarks made by Joseph Bona, president of branded environments at brand agency and retail design consultancy CBX, and Dan Munford, managing firector of U.K.-based Insight, convenience and petroleum retail strategy specialists, at the National Association of Convenience Stores’ annual convention in Las Vegas.  

Cupertino, Calif. -- Apple announced that its mobile payments solution, Apple Pay, will be launched in the United States on Monday, October 20. CEO Tim Cook made the announcement Thursday at a media event at which he unveiled several new products, including updated versions of the iPad.   

by Jim Malone, Retalon   Every year, retailers put fresh spins on evergreen holiday décor, remixing such classics as the Christmas tree and jack-o-lanterns to tempt seasonal shoppers. Though we have yet to see this year's big trend, it's probably safe to say it will not be the Christmas Turkey or Thanksgiving Skeleton.  

Hangzhou, China –- Alibaba Holding Group Ltd. is reportedly partnering with search startup Quixey Inc. to provide deep mobile search functionality into apps.   According to the Wall Street Journal, Alibaba is integrating deep-linking technology from Quixey into its YunOS mobile operating system, with the goal of enabling users to find data held within apps without opening the apps.  

Washington, D.C. -- September retail sales, excluding automobiles, gasoline stations and restaurants, decreased 0.1% seasonally adjusted month-to-month yet increased 4.6% unadjusted year-over-year. According to the National Retail Federation (NRF), seasonal factors played a role, but the drop-off from August was worse than expected.  

New York -- At least 47% of U.S. merchant terminals will be enabled for EMV chip technology by the end of 2015, according to the Payments Security Task Force (PST). The estimates are based on forecasts provided by acquirers representing approximately 80% of U.S. purchase volume.