News

New York -- At least 47% of U.S. merchant terminals will be enabled for EMV chip technology by the end of 2015, according to the Payments Security Task Force (PST). The estimates are based on forecasts provided by acquirers representing approximately 80% of U.S. purchase volume.  

Washington -- As part of an executive order unveiled on Friday, President Obama set a new policy that requires newly issued and existing government credit and debit cards to be enabled with chip and personal identification number (PIN) technology.  

Washington, D.C. -- September retail sales, excluding automobiles, gasoline stations and restaurants, decreased 0.1% seasonally adjusted month-to-month yet increased 4.6% unadjusted year-over-year. According to the National Retail Federation (NRF), seasonal factors played a role, but the drop-off from August was worse than expected.  

Philadelphia –- Urban Outfitters Inc. is warning that continued negative same-store sales in the third quarter of fiscal 2014 may have an impact on quarterly earnings. The specialty apparel chain said declining same-store sales could deleverage gross profit margin for the third quarter at a rate greater than during the first half of the year, leading to dampened profits.  

Hangzhou, China –- Alibaba Holding Group Ltd. is reportedly partnering with search startup Quixey Inc. to provide deep mobile search functionality into apps.   According to the Wall Street Journal, Alibaba is integrating deep-linking technology from Quixey into its YunOS mobile operating system, with the goal of enabling users to find data held within apps without opening the apps.  

Columbus, Ohio -– DSW Inc. is running a one-day promotion called “National Shoe Lover Day” on Saturday, Oct. 25. Each of the 428 DSW stores, plus dsw.com, will participate.   

Dublin, Calif. -- Epicor Software Corp., a provider of business software solutions for retail, manufacturing and distribution, has been named the number one vendor of POS software among the 200 leading specialty soft goods retailers and hard goods retailers for the fourth consecutive year in studies published by global research and advisory firm IHL Group. Epicor also was named a leader in the fast growing North American mobile POS software market, according to another new research report from IHL Group.

by Jim Malone, Retalon   Every year, retailers put fresh spins on evergreen holiday décor, remixing such classics as the Christmas tree and jack-o-lanterns to tempt seasonal shoppers. Though we have yet to see this year's big trend, it's probably safe to say it will not be the Christmas Turkey or Thanksgiving Skeleton.  

Matthew Youngs, president of Ralph Lauren Childrenswear and Latin America has been named chairman of the National Father’s Day Committee.

In this new capacity, Youngs will collaborate with Dan Orwig, president and CEO of The Father’s Day/Mother’s Day Council, to oversee and execute the Annual Father of the Year Awards luncheon benefitting Save the Children’s U.S. Programs.

Strong international growth offset a decline in domestic sales at WD-40 where the company produced its highest volume fourth quarter ever.

Total net sales for the period ended August 31, increased 4% to $97.6 million while full year sales increased 4% to $383 million. WD-40 has a strong international presence and the impact of currency exchange rates favorably impacted results. On a constant currency basis total net sales were $93.9 million for the fourth quarter and $377.7 million for the full fiscal year.