News

NRF tells Fed to lower swipe fees further
The National Retail Federation is pressing for a further reduction in per transaction fee banks charge retailers when customers use debit cards five years after the Federal Reserve cut the fee in half.

In a letter the National Retail Federation sent to the Federal Reserve the trade group said the cap on debit card swipe fees enacted by the Federal Reserve five years ago has helped reduce costs for retailers and consumers but is still higher than intended by Congress and should be lowered.
Signet shines in Q4, ramps up expansion
Signet Jewelers is already the world’s largest retailer of diamond jewelry and it plans to get even bigger in 2016 by accelerating new store and omnichannel growth.

Operating stores under banners such as Kay, Jared and Zale, Signet reported a 4.9% fourth quarter same-store sales increase, better than expected profits and said it would open more new stores in 2016 than it previously indicated.

Startup Spotlight: Technologies on the Rise

Personalization continues to be the trend that just won’t go away, probably because it’s the new normal in how consumers want to interact with brands and retailers. Personalized videos hold the promise to surprise and delight (and covert), especially as we collectively spend more and more of our time viewing videos online. And personalized promotions help retailers maximize scarce marketing dollars, ensuring the right customer gets the right call to action at the right time.
Thor Equities Developing two projects in Houston Texas

Houston -- Thor Equities announced Lowe’s Companies will build a 100,000-sq.-ft. home improvement store at The Shoppes at Cinco Ranch located in Katy, Texas. The company is in the process of developing the 35-acre property, which will include retail stores and restaurant spaces. The property is anchored by Walgreens, with Kroger and Academy Sports + Outdoors located across the street.
Dollar General to open 1,000 stores in 2017

Dollar General will break its own record for store expansion in 2017. And that’s saying a lot.

The discounter is already in high gear, with plans to open a record 900 stores and remodel or relocate about 875 existing locations in 2016. But it’s upping the total for 2017, forecasting some 1,000 new stores and 900 remodels or relocations, which is in line with its model of 6% to 8% square footage growth.
Specialty sporting goods retailer wages war on poor IT performance

Goruck, a specialty digital retailer of military-grade sporting and outdoor goods, was founded by a former Green Beret and doesn’t have “quit” in its vocabulary.
Conn's extends and expands literacy program

Furniture and specialty home goods retailer Conn’s is extending its Conn’s Cares philanthropic program for a second year.

The company is partnering with First Book and Little Free Library — organizations that have been recognized by the Library of Congress for their excellence in the advancement of literacy — to expand the literacy focus of Conn’s Cares.
Apple Pay – coming soon to a mobile site near you

Apple Pay may finally be getting ready to move beyond mobile apps into the world of mobile browsers. According to Re/Code, Apple has been quietly notifying potential partners that the mobile payment service will be available via the Safari browser on iPhones and iPads that are equipped with Apple’s TouchID fingerprint technology, before the 2016 holiday season. This would directly compete with a similar browser-based mobile payment service offered by PayPal.
Signet shines in Q4, ramps up store expansion

Signet Jewelers is already the world’s largest retailer of diamond jewelry and it plans to get even bigger in 2016 by accelerating new store and omnichannel growth. The news came as the chain reported a same-store sales increase of 4.9% in the fourth quarter.
Finish Line turns the corner with help from e-commerce

The Finish Line Inc. says its efforts to improve digital fulfillment rates are paying off, as the sporting goods retailer posted an increase in same-store sales in the fourth quarter.

For the fourth quarter ended Feb. 27, consolidated net sales at the Finish Line were $580.3 million, an increase of 5.2% over the prior year period. Same-store sales increased 4.6%. Non-GAAP diluted earnings per share, which primarily excludes the impact from the write-off of technology assets and store impairment charges, were 83 cents.