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Store Systems

  • Food phenom Kroger outdoes itself in Q1

    Kroger turned in a stunning first quarter same store sales performance while expanding omnichannel and convenience capabilities designed to extend a comp streak now well into the 11th year.

    Same store sales rose 5.7% excluding fuel in the first quarter ended May 23. Net income attributable to Kroger rose to $619 million, or $1.25 per share, in the first quarter, from $501 million, or 98 cents per share, a year earlier.

  • Next up for Alibaba: Robots

    Tokyo -- Alibaba wants to put a robot, specifically one named Pepper, in your home — or store.

    The Chinese e-commerce giant and Foxconn Technology Group announced they are each investing $117.8 million in Japanese telecommunications giant SoftBank’s robotics unit, SoftBank Robotics Holding Corp. Softbank will own 60% of the joint venture, with Alibaba and Foxconn each holding ownership stakes of 20%.

  • What the CFO Needs to Know About IT

    The role of IT has shifted dramatically in retail in the past 10-15 years, from a simple automation tool to an enabler of competitive advantage and business transformation. At the same time, the role of the CFO in IT has shifted quite a bit as well, and some top finance executives may feel a little uncertain about their place in the new retail IT landscape.

    Brian Kilcourse and Paula Rosenblum, managing partners at RSR Research who have both previously served as retail CIOs, have some advice for today’s retail CFO.

  • Look what else he got at Jared

    Jared is introducing an exciting luxury retail experience that aims to shake up the jewelry shopping category.

    The retailer is opening its very first Le Vian by Jared store at the Roosevelt Field Mall in New Jersey. The store will be the only place in the world where shoppers can explore all of upscale brand Le Vian’s offerings: from jewelry and timepieces to handbags and scarves, with carefully curated in-store boutiques devoted to each category, all celebrating the attention to detail and innovative design for which the Le Vian brand is known.

  • Jared opens new store banner

    Garden City, N.Y. -- Jared The Galleria of Jewelry has devoted an entire store to one of its product brands.

    The new store, Le Vian by Jared, is located at the Roosevelt Field Mall, Garden City, New York, and features the full Le Vian product line, from jewelry and timepieces to handbags and scarves. The space features curated in-store boutiques devoted to the individual product categories.

  • Plug and Play’s CEO Corner: Will Summerlin, Pinn

    Plug and Play brings together retailers and start-ups that offer specific technology and expertise that can relieve merchants’ pain points. Chain Store Age’s Customer Disruption newsletter provides a Q&A with the CEO of one of those companies in each issue. This time, the spotlight is on Will Summerlin of Pinn.

    What does your company do?

  • Epicor Retail Solutions relaunches as Aptos

    Montreal - Epicor Retail Solutions has officially launched as an independent company and new brand following its spin-off from Epicor Software Corp. The new company, called Aptos Inc., will focus on delivering a singular commerce platform for seamless customer experiences.

  • IBM: Mobile shopping grows in importance for holidays

    Armonk, N.Y. — Retailers looking ahead to meeting the needs of holiday shoppers should be aware of the continuing growth of mobile’s importance as a consumer channel. According to IBM’s Eighth Annual Online Retail Holiday Readiness Report, mobile accounted for 23% of sales and 45% of traffic in November and December 2014, respectively.

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