Store Systems

Chain Store’s Age’s 51st annual SPECS Conference starts on March 15, at the Sands Expo at the Venetian/Palazzo Hotel, Las Vegas. The conference is focused on store planning/design, equipment, construction and facility services — all areas where technology is beginning to play an increasingly important role. Here are three SPECS sessions where the role of technology will be highlighted:

Nadia Shourabora

New York – Retail real estate firm Simon, in partnership with fashion and retail event company Decoded Fashion, has announced the 10 finalists in its "Future of Retail: Meet the Disruptors" competition. The competition's mission is to discover startups in retail or retail-related technologies whose innovations will enhance the shopping experience for future generations.

The finalists, all innovative startups in retail or retail-related technologies, are:

Nashville, Tenn. – Positive traffic and conversion rates helped Kirkland’s Inc. increase net income during the fourth quarter of fiscal 2014 26% to $15.6 million, from $12.3 million in the year-earlier period. Net sales increased 14.5% to $178.7 million, from $156.1 million.

Same-store sales, including e-commerce sales, increased 8.2%.

Grapevine, Texas - GameStop customers can now sell select gift cards at any GameStop retail location, as well as online. This is part of an expanded offering launched online in 2014 through a partnership with gift card exchange platform Cardpool.

Increased marketing costs failed to deliver fourth quarter same store sales growth at Express and also took a toll on the specialty retailer’s profitability.

Express reported net income of $41.8 million, down 16% from $49.7 million last year. Net sales increased 1% to $725.8 million from $715.9 million. Same-store sales, including e-commerce, dropped 2%. E-commerce sales climbed 4% to $144.3 million.

GameStop is trying to make it even easier for customers to shop its stores and website by expanding its gift card exchange program.   

The retailer announced that customers can now sell even more select gift cards to GameStop in exchange for the products they want to buy at any of its more than 4,000 retail locations as well as online.

Franklin, Tenn. - Worldwide mobile POS shipments grew by 77.4% in 2014 and this growth rate is maintaining its pace in 2015. According to new research from IHL Group, specialty stores still dominate the use of mobile POS worldwide, receiving 58% of total shipments in 2014.

Dallas, Oregon – Pressed Coffee & Wine Bar and Taters Café is wirelessly syncing its stores’ iPad POS teminals with Serverless Sync, a new functionality from cloud-based tablet POS vendor ShopKeep. Serverless Sync allows merchants to open and close checks from multiple registers, with orders seamlessly updated across all devices in real-time with or without an internet connection.