Store Systems

NEW YORK - Best Buy on Thursday reported unexpectedly strong and better-than-expected profit and sales for the third quarter, gaining new momentum as it heads into the holiday shopping season.  It was the first time since the third quarter of last year that Best Buy reported positive comparable store sales.

Nashville - Kirkland’s Inc. reported net income of $1.3 million in the third quarter of fiscal 2014, a 30% increase from $1 million the same quarter in the previous fiscal year. Higher gross profit helped boost net income.   The retailer beat Wall Street expectations with net income as well as with net sales of $117.2 million, up 10% from $106.1 million.  

Toronto — Hudson’s Bay Company announced the appointment of Jon K. Nordeen to the position of CIO, effective November 2014.
  Nordeen joins HBC with more than 25 years of information systems and management experience. Most recently, he served at Kohl’s Department Stores in several roles including executive VP merchandise planning, executive VP administration, and executive VP CIO.
 

New York - Total retail sales in the United States  will rise 5% to reach $862 billion during November and December this year, according to the latest forecast from eMarketer.  Among the biggest trends to watch will be the acceleration in online sales, which are expected to grow at  16.6% year over year to reach $72.41 billion, or 8.4% of all retail purchases this holiday season. It’s a considerable uptick from 2013, when online sales totaled 7.6% of all holiday retail purchases.

  New York - Apple is expanding its Apple Pay across hundreds of supermarkets.  Associated Food Stores, Shaw's Supermarkets, Jewel Osco, Albertson's and Bi-Lo Holdings have joined Whole Foods Markets,  which was one of the original Apple Pay launch partners, to accept the new payment option.   Bi-Lo Holdings, parent company of Bi-Lo, Harveys and Winn-Dixie grocery stores, said it is now suporting Apple Pay across its entire southeastern footprint.

SIDNEY, Nebraska — Cabela’s Inc. is expanding into new markets, with plans to open a store in Gainesville, Virginia, and Ottawa, Ontario, Canada.
 

BJ's Wholesale Club has introduced a Mastercard program that ups the ante in the wholesale club credit card category. The My BJ's Perks MasterCard will offer members 10 cents off per gallon of BJ's gas every day, up to 5% back on purchases in-club and at BJs.com, 2% back on eating out and non-BJ's gas purchases, and 1% back on purchases made everywhere else MasterCard is accepted.  

Redmond, Wash. — Microsoft and Retail Realm are partnering to launch the Microsoft Dynamics Retail Essentials with Retail Realm product, which represents Microsoft's first major push into the SMB marketplace with a new solution. On new install, this retail-specific solution installs with the Retail Realm add-on embedded.