News

AT&T: Breaking IoT barriers produces retail benefits
Establishing an Internet of Things (IoT) technology strategy may not be easy, but can offer substantial rewards to retailers who overcome the inevitable challenges.

“There is a vast opportunity to use IoT technology to connect retailers with their assets and consumers,” said Michael Colaneri, VP of sales for restaurant, retail and CPG, AT&T, during an interview with Chain Store Age. “But it requires business process re-engineering to connect multiple edgepoints.”
Infographic: Mobile payment goes native
Apps currently dominate the mobile payment space, but that may not be a permanent situation.

According to a new infographic from mobile engagement provider Mobiquity Inc., the industry is on its way to a ‘no-app’ payment landscape. Mobiquity predicts that operating systems, rather than applications, will define the future of mobile payments.

The infographic lists several data points suggesting consumers and retailers do not find mobile payment convenient. These include:

Shopping with Pinterest gets even easier

Two new offerings from Pinterest make the visually-oriented social media platform even more accessible for e-commerce.
Saks Fifth Avenue to light up for holidays

Saks Fifth Avenue’s holiday windows are an annual tradition in Manhattan, and the retailer keeps upping the ante.
Office Depot boosts customer cheer with holiday app

Retailers can use apps for more than just driving sales, as demonstrated by Office Depot Inc.’s latest mobile move.

The Office Depot and OfficeMax parent company is re-releasing its Elf Yourself mobile app. The app, which Office Depot has offered every holiday season since 2012 and launched as an online platform in 2006, is a prime example of how retailers are using apps to build positive consumer sentiment and brand awareness.
Neiman Marcus allows closer look at online shopping

Neiman Marcus is taking the capabilities of its digital lookbooks to a whole new level.

Neiman Marcus has deployed the Zmags Creator rich media marketing platform to design and publish shoppable lookbooks on its e-commerce site. The retailer’s more than 150 annual lookbooks serve as the primary way to highlight designer merchandise on its site.
Whole Foods hits the wall, comps turn negative

Whole Foods is trying to get its groove back, but after reporting weak fourth quarter results it is not clear when that will be as the company expressed concern about the competitive climate and the impact on its profit margins.
Outdoors retailer names new CEO

L.L.Bean has gone outside the company for the first time ever to pick a chief executive, according to the Associated Press.

The outdoors retailer has selected the chief merchandising and marketing officer of a Chinese e-commerce business as its new CEO.

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Coach executive named new CFO at Bon-Ton

The Bon-Ton Stores Inc. has a new finance chief to help the company strengthen its balance sheet.

The retailer has named Nancy A. Walsh to the position of executive VP, CFO of the company, effective Nov. 9. Walsh will have responsibility for Accounting, Treasury, Tax, Credit, Investor Relations, Legal and Internal Audit.
Target expands same-day delivery

Target is expanding its Instacart same-day delivery service to another major U.S. city.

Following a successful pilot in Minneapolis, Target is now partnering with Instacart to offer customers in the San Francisco Bay Area fresh food, non-perishable food items, health and beauty products, pet and household supplies, and select baby items delivered to their homes in as little as one hour.