Store Systems

Less than a month after former Walmart.com CEO  Joel Anderson joined Five Below as president, the discount retailer’s EVP of merchandising Jeffrey Moore has resigned.

Five Below, which bills itself as the leading retailer of trend-right, high-quality, extreme-value merchandise for pre-teens, teens and beyond, spoke highly of Moore who is leaving to spend time with his family.

New York -- Shrinkage levels average 1.27% of sales, which translates to a $57 billion loss to the industry, according to the U.S. Retail Fraud Survey, which is based on research into the systems and strategies used by 100 leading North American retailers.

By Kevin Smith, VP of onshore corporate services for ImpactWeather

According to Forrester Research, weather is the leading cause of business disruptions¹. From commodity demands and supply chain interruptions to community assistance, retailers know the power that severe weather has over their economic profits and losses.

Toronto – Loblaw Companies Ltd. has selected the SAP Store Device Control by GK software solution marketed by SAP. This product offers the infrastructure to control stores in an omnichannel commerce architecture.

GK Software US Inc. will handle the implementation of the software in this project.
 

Toronto – Tim Hortons and Canadian Imperial Bank of Commerce (CIBC) are launching the new CIBC Tim Hortons Double Double Visa Card, leveraging a two-button technology that allows cardholders to press the CIBC Visa button on the front of the card to pay for their purchases anywhere Visa is accepted. One percent of each dollar spent is converted instantly into Tim Cash rewards, and by touching the Tim Card button, cardholders can then redeem their Tim Cash loyalty points at Tim Hortons locations.

Philadelphia -- Five Below announced the departure of Jeffrey Moore, executive VP merchandising.

"Over the last seven years Jeff has been an integral part of the success of Five Below as he has helped build the world-class merchandising team we have in place. We thank Jeff for his significant contributions to the business and we wish him well as he leaves to spend time with his family," said Tom Vellios, co-founder and CEO of Five Below.
   

Framingham, Mass. -- Staples is expanding its home and office automation platform, Staples Connect, including a rollout to 500 stores, new pricing for the Staples Connect Hub, and collaborations with Microsoft, Jawbone, and D-Link. Staples is also the first retailer to announce the integration of wearable technology to its platform.

Ann Arbor, Mich. -- The use of mobile applications for shopping purposes doubled in the past year, with 41% of consumers actively using mobile apps while shopping, according to CFI Group’s Retail Satisfaction Barometer survey.

The study found that 67% of 18-34 year-olds use mobile apps during their shopping experience. While Millennials are typically the focus of retailers' mobile efforts, most consumers of all ages indicated that they have two to four shopping apps installed, proving that mobile isn't a generational-only trend.