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  • The Future of Retail From Mobile World Congress

    Barcelona -- There are few, if any, limits to how digital technologies will transform retail as we know it.

    At this year’s Mobile World Congress in Barcelona, established players such as IBM and Qualcomm and nimble startups including Imersivo and Compass.to showed off innovations in augmented reality, mobile payments, clienteling, and more, offering tools for employee empowerment, data-driven decision-making, true omnichanneling retailing, and beyond.

    IBM MobileFirst Sales Assist

  • Conn’s Q4 profit plunges 44%; exploring sale of loan portfolio

    The Woodlands, Texas -- Conn’s Inc. on Tuesday reported a bigger-than-expected 44% decrease in its fourth-quarter profit amid ongoing problems with its credit-financing business. The retailer said it is exploring a sale of all or a portion of its loan portfolio and will stop selling video game products, digital cameras and certain tablets. It also said it remains on track to open 15 to 18 stores this year.

    For the fourth quarter ended Jan. 31, Conn’s reported a profit of $15.5 million, down from $27.7 million in the year-ago period.

  • Study: U.S. has fastest e-commerce growth rate in North America and Europe

    Austin, Texas -- The United States continues to lead e-commerce among the most Internet-friendly markets surveyed in North America and Europe, according to an international study commissioned by RetailMeNot.

  • Ahold USA expands energy conservation efforts with Bluestone Energy Services

    Norwell, Mass. -- Bluestone Energy Services and Ahold USA are increasing their energy conservation initiative in 2015 by expanding the reach of projects to touch stores in all regions and to increase the energy savings in new projects while also continuing to improve the efficiency of existing projects.

  • SKY2BUY is the new mall in the sky

    Airline passengers mourning the loss of in-flight catalog SkyMall may soon find a familiar sight in their seat pockets.

    Scott Jordan, CEO and founder of multi-pocket travel clothing company SCOTTeVEST, intends to fill the vacuum created by SkyMall's loss with a new in-flight shopping experience: SKY2BUY. It will be in planes in test markets around the United States in June or July of this year.

    "This summer, fly with SKY2BUY, your new mall in the sky," Jordan said.

  • Report: Home Depot hires first-ever CIO

    Home Depot, which was hit by a widely publicized data breach in 2014, has reportedly hired its first chief information security officer, according to the Wall Street Journal.

    Atlanta-based Home Depot Inc. has appointed former Time Warner and Visa executive Jamil Farshchi to the new position of chief information security officer (CISO), according to the Journal.

    The move comes months after the home improvement retailer said its payment systems were breached at some 2,200 U.S. and Canadian stores.

  • IBM adds weather insights to cloud offering

    A new deal between IBM and The Weather Company promises to give retailers and suppliers access to a new range of insights to drive all manner of demand forecasting, merchandising and replenishment decision-making.

  • Books-A-Million reports Q4 profit jump

    Books-A-Million continued to benefit from a spike in book sales and the popularity of Minecraft and Disney’s “Frozen” in the fourth quarter, as same store sales and profit increased.

    The chain posted a profit of $3.5 million in the year ended Jan. 31 compared to a net loss of $7.6 million in 2013. Same store sales increased 0.4% in the year and rose 1.7% in the fourth quarter when total sales rose 1.8% and net income increased 0.8% at Books-A-Million over the previous year with sales hitting $474 million.

  • PetSmart makes senior leadership changes

    PetSmart Inc. is looking to drive growth with six new executive appointments focused in the areas of customer experience, merchandise planning, strategy, initiatives, sourcing and real estate.

    The additions to the senior leadership team reflect the first major hires by PetSmart’s newly installed president and CEO, Michael Massey.

  • Conn's to explore loan portfolio sale

    Ongoing problems with its credit-financing business led Conn's to post a large decrease in profits for the fourth quarter.

    Overall, for the fourth quarter ended Jan. 31, Conn’s reported a profit of $15.5 million, or 42 cents a share, compared with a profit of $27.7 million, or 75 cents a share, a year earlier.

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