News

Charming Charlie supports global growth with Epicor cloud-based POS
Houston – Specialty accessory retailer Charming Charlie is supporting international growth by moving its POS operations to the cloud. Charming Charlie has moved to a cloud strategy that leverages the POS engine in the cloud, but provides offline capabilities in the event the store loses cloud connectivity.
Sports Authority partners with Simplr for online warranty
Englewood, Colo. – Sports Authority Inc. is partnering with online protection plan provider Simplr to let customers protect new purchases. The product enables customers who purchase a protection plan to repair or replace a covered piece of sports equipment – such as treadmills, bikes, or golf clubs.

There are no deductibles, repair costs, or hidden fees. Shoppers file a claim online. The three step claims process is straightforward and can be completed online any time, day or night:

1. Register the product online,

Wal-Mart’s efforts at wage, store improvement have price

Bentonville, Ark. – Declining gas prices helped U.S. same-store sales at Wal-Mart Stores Inc., but the negative impact of foreign currency exchange and efforts to improve store experience and employee wages dampened total sales and operating profits.
For Retailers, People Are Better than Proxies

By Jeff Collins
Home Depot builds strong performance in Q1

Atlanta – The Home Depot Inc. benefited from improvements in the housing market and the weather in the first quarter of fiscal 2015. Net earnings increased to $1.58 billion, up 14% from $1.38 billion in the first quarter a year ago.

The Home Depot reported sales of $20.9 billion for the first quarter of fiscal 2015, a 6.1% increase from the first quarter of fiscal 2014.
Dick’s Sporting Goods connects with Q1 profit, sales; plans 60 new stores

Pittsburgh – Dick’s Sporting Goods Inc. met Wall Street expectations with net income of $63.34 million in the first quarter of fiscal 2015, a 9% decrease from $69.99 million the same period a year earlier. The retailer also met the Street with consolidated net sales of $1.56 billion, a 9% increase from $1.34 billion.

However, same-store sales growth of 1% fell short of Wall Street predictions. Rising selling, general and administrative (SG&A) and pre-opening expenses dug into Dick’s profit.
Starbucks teams up with Spotify for curated music playlists —in store and out

Seattle – Director Martin Scorcese is renowned for providing great soundtracks to his films, and Starbucks Coffee Co. is attempting to follow in his footsteps in its stores. Starbucks and music streaming service Spotify will establish a multi-year relationship that will link its 7,000 U.S. company-operated stores in the U.S. and My Starbucks Rewards loyalty members with Spotify’s global users.
Stage Stores shrinks loss and revenue in Q1

Houston – Stage Stores Inc. beat Wall Street expectations with a loss but missed with decidedly revenue in the first quarter of fiscal 2015. The retailer reported net loss of $8.64 million, an improvement from a net loss of $18.79 million the same quarter a year earlier.
Nielsen: U.S. consumer confidence edges up in Q1

New York – U.S. consumers are continuing to show moderate signs of the optimism Americans are so famous for. According to the Nielsen consumer confidence index, U.S. consumer confidence increased one index point in the first quarter of 2015 to a score of 107, maintaining an above-the-baseline (100) optimism level for one year.
Survey: Gift cards are the present of choice for consumers this season

Washington, D.C. – Summertime is almost here, and consumers are planning to give the easy and convenient present of a gift card. More than 70% of shoppers will be giving gift cards this spring and summer during the assortment of gift-giving holidays that are approaching, including graduations, Father’s Day, and weddings.

New research from the Retail Gift Card Association (RGCA) also confirms that the gifts remain popular with recipients as well, with 95% of consumers hoping to receive gift cards this spring and summer season.
IBM invests in Watson-powered shopping, travel apps

Armonk, N.Y. – IBM Inc. is making new investments in Sellpoints and WayBlazer to advance online shopping and travel apps powered by Watson. The investments are part of IBM's $100 million commitment to drive new innovations and business solutions that build on Watson.
The Howard Hughes Corp. signs retail tenants at The Metropolitan Downtown Columbia

Columbia, Md. – The Howard Hughes Corp. has signed several retail and restaurant leases for the public promenade at The Metropolitan Downtown Columbia, a new luxury apartment community located in Columbia, Maryland. As part of the transformation, The Howard Hughes Corp. recently completed the renovation of the historic Rouse Building into a flagship Whole Foods Market and a 27,000-sq.-ft.luxury spa and wellness center, as well as kicked off a multi-stage renovation of Merriweather Post Pavilion.