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  • Cardtronics to acquire EDC ATM and Efmark Deployment

    Houston -- ATM owner Cardtronics said Tuesday that its USA subsidiary will acquire EDC ATM Subsidiary, LLC and Efmark Deployment I, for approximately $145 million.

    The transaction doubles Cardtronics ATM placements in multiple states, giving the company about 3,700 ATMs, as well as numerous ATM placement agreements with high-traffic U.S. retailers and ATM branding contracts with some of the country’s largest financial institutions.

  • NRF supports patent provision

    WASHINGTON — The National Retail Federation announced that it has sent a letter supporting Section 18 of H.R. 1249, the America Invents Act from NRF SVP government relations David French to House Judiciary Committee Chairman Lamar Smith, R-Texas, Ranking Member John Conyers, D-Mich., and other members of the committee. 

  • H&M profit drops 18% on high costs; plans 178 new stores in second half

    Stockholm, Sweden -- Hennes & Mauritz AB reported Wednesday that net income for its 2Q dropped 18% to $673 million, from $817 million in the year-ago period.

    The Swedish fashion retailer blamed higher procurement costs and promotional offers for the lagging performance.

    Sales edged up to $5.1 billion from $4.96 billion in the prior year quarter, but gross margin shrank to 61.7% from a previous 65.9%.

  • Barnes & Noble losses widen in Q4, impacted by Borders bankruptcy

    New York City -- Barnes & Noble reported Tuesday that its loss for the quarter ended April 30 widened to $59.4 million, from a loss of $32 million in the year-ago period. The book seller said its results were hurt by liquidation sales by bankrupt Borders, as well as impacted by ongoing investment in the Nook.

    Revenue rose 4% to $1.37 billion from $1.32 billion in the prior year, missing Wall Street’s estimate of $1.39 billion in revenue.

    Same-store sales dropped 2.9%.

  • Grab an app from the fridge

    NEW YORK  — Samsung Electronics America has launched a first-of-its kind LCD refrigerator complete with apps for keeping track of recipes, schedules and more. 

    The Samsung refrigerator includes the following apps:

    • Recipes from Epicurious

    • Organizational tools from Google Calendar

    •  Notepad

    • Entertainment from Pandora

    • Photos from Picasa Web Albums

  • Kroger: Energy consumption reduced by 30% since 2000

    Cincinnati -- In its fifth annual sustainability report, released Tuesday, The Kroger Co. said it continues to meet its benchmarks, including reducing in-store energy consumption by 30%.

    "In 2010, Kroger stores saved enough energy to power the city of Fort Worth for a full year,” said Rodney McMullen, president and COO of Kroger. “We sent less waste to landfills, recycled more plastic, and provided our customers with five million more reusable bags.”

  • Kroger highlights sustainable efforts

    CINCINNATI — Kroger has released its fifth annual sustainability report.

     Some of the highlights noted in the report include:

    • Kroger stores reduced overall energy consumption by 30% since 2000. 

    • Company-wide, including all facilities, Kroger has saved more than 2.2 billion kilowatt hours.

  • Cheesecake Factory to use PeopleAnswers for pre-employment selection

    Dallas -- Web-based hiring assessment provider PeopleAnswers said Tuesday that The Cheesecake Factory will use the PeopleAnswers HR solution in its 164 restaurants to pre-screen and select hourly staff.

    The objective is to fill each position with individuals who will help maintain The Cheesecake Factory’s quality brand.

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