Data & Analytics

Washington, D.C. -- A new survey released Tuesday by the National Retail Federation found that nearly all retailers rely on background checks to keep their customers, and themselves, safe.

The survey, completed by retail executives from 96 of the nation’s leading department stores, mass merchants, discounters, drug stores, grocery stores and restaurants, examined retailers’ use of background screenings during the application and employment process.

Issaquah, Wash. -- Costco Wholesale Corp. reported an 11% increase in its fourth quarter net income, below forecasts. The company also announced that it will raise its membership fees starting Nov. 1.

Costco's net income rose to $478 million for the period ended Aug. 28, up from $432 million in the year-ago period. The quarter included a "last-in, first-out" inventory charge of four cents per share. This charge reflects a requirement that the company revalue its inventory if prices rise or fall notably.

The pricing gap between Target and Walmart narrowed last month to a scant 1.7% as Walmart took prices up slightly during August while Target did the opposite, according to a monthly survey by the retail research team at Credit Suisse.

Indianapolis — The Finish Line, Inc. said Tuesday it has named Sally McKelvey as VP strategy for the Finish Line brand.

McKelvey previously served as senior director, operations financial planning and analysis, at 7-Eleven.

McKelvey is charged with leading the evaluation, development and implementation of strategic growth initiatives for the Finish Line brand. She will analyze, recommend and implement programs that will provide growth opportunities, increase operational productivity and enhance profitability for the company.

San Diego — Teradata announced Tuesday that Hallmark Cards Inc. has expanded its data warehouse environment with new enterprise data warehouse platforms, including new data warehouse appliances, as well as the latest Aprimo Relationship Manager application from Aprimo, a Teradata company.

The upgraded platforms and software tools were implemented while realizing a 30% reduction in total cost of ownership. Hallmark also added utilities for backup and recovery, as well as Teradata Viewpoint and Professional Services support.

New York — More than four million tablets will be used in retail by 2015, according to IHL Group. The group’s new report, “Mobility: A Gutenberg Moment for Retail, A Threat to POS,” has forecasts for rugged handhelds, consumer handhelds (i.e., iPhones, iPod Touch), and tablet computers to be used at store level from now until 2015 in North America.

Some of the key highlights include:

Boston -- Survey results released Tuesday by Shop.org showed that almost half of all retailers plan to offer eGifting this holiday season and 44% are looking at location-based deals as a key element of their mobile marketing strategies. 

The survey, sponsored by CashStar and conducted in September at the annual Shop.org Retail Summit in Boston, found a growing concern among retailers about the lack of personalization of gift cards. 

Chicago -- Claire's Stores, Inc. said Tuesday that it has named Beatrice Lafon President of the European Division, effective immediately.

In her position as President of Europe, Lafon will lead the continued growth and expansion of the European business, with direct oversight of buying, merchandising and allocation, supply chain, stores, and the overall operations for approximately 1,100 stores across 13 countries.

Lafon will report to Gene Kahn, CEO. 

Atlanta -- First Data Corp. and Associated Bank said Tuesday that the companies have signed a long-term merchant services renewal agreement.

Through the agreement, First Data will continue to provide merchant processing services to the bank’s business clients nationwide, providing them access to a comprehensive line of electronic payment solutions, including acceptance of all major credit cards including PIN and signature-based debit cards, gift cards, customized reporting and electronic check verification services.

Bentonville, Ark. -- Wal-Mart Stores, Inc. will webcast its annual meeting for the investment community on Wed., Oct. 12 from approximately 8:00 a.m. CDT to 3:30 p.m. CDT.