News

Retailers Lead the Way in Energy Management Initiatives
In December 2014, Ecova released the findings of its 2015 Energy and Sustainability Predictions survey to better understand what’s on the minds of those involved in energy and sustainability management.
Birks Group Q1 loss grows
Montreal - Birks Group Inc., which operates 47 luxury jewelry stores in Canada, Florida and Georgia, reported a growing net loss in first quarter 2015 despite improvements in net and same-store sales. Net loss totaled $8.63 million, up from $5.8 million the same period a year earlier.

Although net sales rose 7% to $301.64 million from $281.16 million, increases in cost of sales, selling, general and administrative (SG&A) expenses, restructuring, debt extinguishment and asset impairment helped expand net loss. Same-store sales increased 16%.

NCR: Restaurants say technology impacts revenue

Duluth, Ga. - A majority of restaurant owners and managers believe that technology has a direct impact on increased revenue.

According to the 2015 NCR Restaurant Technology Pulse, 67% of respondents say technology helps drive revenue growth and 35% of restaurants are more dependent on tech tools compared to a year ago.
Tech Guest Viewpoint: Join the ‘Voice Revival’ at Retail

For decades, buying and installing phone systems in retail stores has remained a mundane experience. Times have changed.
eBay, PayPal to split July 17

San Jose, Calif. – The long-anticipated separation of eBay Inc. and PayPal Inc. into two independent, publicly traded companies is almost here. Now that the split has received official approval from the eBay board of directors, it is expected to occur July 17.
Bon-Ton sells six stores in leaseback agreement

York, Pa. - The Bon-Ton Stores Inc. is selling six stores for $84 million to CPA: 17 – Global, a non-traded real estate investment trust (REIT) of global net lease REIT W.P. Carey Inc. Bon-Ton will lease the stores back.

Proceeds from the transaction will be used to pay one of two of the company’s mortgage loans due in April 2016. Each loan has about $105 million in principal and consists of 12 properties. Bon-Ton is actively pursuing refinancing options for the second loan.
Online grocery shopping popularity grows

Louisville, Colo. - U.S. online grocery shoppers are upping the amount of grocery shopping they complete online. According to a new survey of 1,100 U.S. online grocery shoppers from natural and organic online grocer Door to Door Organics, more than half (54%) said in the past year they had increased the amount of grocery shopping they do online by an average of 29%.
Accenture completes Javelin purchase

London - Accenture has completed its acquisition of Javelin Group, a retail strategy consulting and digital transformation services provider. The acquisition was first announced on May 18, 2015.

Javelin Group will be a distinct business unit within Accenture Strategy. Accenture will leverage Javelin’s specialist retail strategy and digital capabilities to help retailers accelerate digital transformation.
Canadian Tire rallies around the flag with omnichannel campaign

Toronto – Canadian Tire Corp. is rallying around a flag that contains no controversy with a new omnichannel promotional campaign. To celebrate the upcoming July 1 Canada Day holiday, Canadian Tire has posted a promotional video on YouTube using the hashtag #FlyYourCdnFlag.

Canadian Tire is encouraging consumers to post photos and videos on social networks such as Twitter, YouTube and Instagram using the #FlyYourCdnFlag hashtag.
Overworked in America, who’s got time to shop?

A new study by Staples shows that many Americans are burnt out and working more than ever thanks to the always on mentality of the connected economy. So why are we so happy?

New research from the Staple Advantage business-to-business division of Staples looked at the work behaviors of 2,602 employees in the U.S. and Canada to create the inaugural Workplace Index. The key takeaway is that more than half of employees report feeling overworked and burnt out (53%), but the overwhelming majority (86%) are still happy at work and motivated to rise in their organization.
Overworked in America, who’s got time to shop?

A new study by Staples shows that many Americans are burnt out and working more than ever thanks to the always on mentality of the connected economy. So why are we so happy?

New research from the Staple Advantage business-to-business division of Staples looked at the work behaviors of 2,602 employees in the U.S. and Canada to create the inaugural Workplace Index. The key takeaway is that more than half of employees report feeling overworked and burnt out (53%), but the overwhelming majority (86%) are still happy at work and motivated to rise in their organization.
This grocer is thinking big as competitors go small

With many retailers such as Walmart and Target focused on opening smaller stores, Midwest supermarket operator Roundy’s is thinking big in Chicago with its newest Mariano’s location.