Data & Analytics

DULUTH, Ga. — NCR Corporation announced that it will acquire Radiant Systems, a leading provider of multichannel point-of-sale and managed host service solutions to the hospitality and specialty retail  markets, through a cash tender offer of $28 per Radiant Systems share. The equity purchase price of $1.2 billion has been approved by  the boards of directors of each company. NCR and Radiant Systems currently anticipate the transaction will close during the third quarter of 2011, subject to regulatory approval.

Target is looking for a low to mid-single digit increase in July same-store sales even though it posted a June increase of 4.5% that exceeded analysts’ estimates and came in at the high end of the company’s range of anticipated results. 

Duluth, Ga. -- NCR Corp. will acquire Radiant Systems, a leading provider of multichannel point-of-sale and managed hosted service solutions to the hospitality and specialty retail markets, through a cash tender offer of $28.00 per Radiant Systems share. The equity purchase price of $1.2 billion has been approved by the boards of directors of each company.

It is expected the transaction will close during third quarter 2011, subject to regulatory approval.

Cincinnati -- Bartell Drugs has selected KSS Retail, a global supplier of price modeling, optimization, and customer insight solutions for the retail industry, as its provider for price modeling and optimization.

“We chose KSS Retail because we know Price Optimization will allow us to better understand what’s important to our shoppers, which will help us deliver the value they’ve come to expect.” said Ron Miller, senior VP merchandising at Bartell Drugs, which operates 58 stores in Washington State.

Delinquency rates in Target’s credit card portfolio are now at their lowest level in three years as more people are paying their bills on time. It is an encouraging sign for the long-term health of the nation’s economy to know that people are increasingly using credit in a responsible manner, at least those who have a Target card anyway, and therefore more likely to honor their obligations.

New York City -- British retail giant Tesco Ltd. has broken new ground, creating virtual stores in subway stations in Seoul, South Korea, as a way to make grocery shopping more convenient for the city’s busy urban residents. Tesco launched the unique venture for its Homeplus chain, which operates 115 stores in South Korea. The virtual stores were created by Cheil Worldwide of Korea.

Purchase, N.Y. -- A report released Thursday by MasterCard Advisors, which tracked sales activity in the MasterCard payments network coupled with cash and check estimates, said that June sales continued May’s mixed bag with some sectors gaining and some losing momentum.

MEMPHIS, Tenn. — Fred's on Thursday reported sales of $179 million for the five weeks ended July 2, representing a relatively flat 0.1% increase, compared with the year-ago period.

Comparable-store sales for the month dropped 0.7%, compared with an increase of 1.7% in the same period last year.