News

Seattle – The retail industry is expected to benefit from mobile commerce, free shipping offers, in-store pickup promotions and e-commerce videos during the 2014 holiday season. According to global analytics and insights firm Blueocean Intelligence, the top six digital and social media trends that will drive sales for retailers in the upcoming holiday season are:

Mooresville, N.C. - The U.S. Environmental Protection Agency (EPA) has awarded Lowe's Companies Inc. the highest honor for industry leadership in its SmartWay Transport Partnership. Lowe's received a 2014 SmartWay Excellence Award for superior environmental performance in supply chain operations.

Coppell, Texas – An increase in selling, general and administrative (SG&A) expenses driven by growing costs of advertising, new stores and store support helped Alco Stores Inc. swing to a net loss of $7 million in the second quarter of fiscal 2014 from net earnings of $800,000 a year earlier.

Net sales dropped 6% to $110.7 million, from $117.7 million. Same-store sales declined 8.9%.

Steamboat Springs, Colo. - Point6, a manufacturer, distributor and retailer of performance-oriented socks, has implemented NetSuite's cloud-based business management suite that provides the company with capabilities to run its core business operations including financials, inventory management, order management, fulfillment and warehouse management. This modernization effort has helped Point6 streamline the order to cash business process.

New York - PayItSimple, a new service that lets consumers charge any purchase on their existing credit cards and pay it back in monthly, interest-free installments, has launched in the U.S. PayItSimple supports an omnichannel shopping experience and is available for e-commerce, brick-and-mortar, mobile and all other payment platforms.

Neuhausen, Switzerland - Tyco Retail Solutions has integrated its traffic intelligence solution with RetailNext, a provider of Big Data solutions enabling retailers to monitor, analyze, and act upon shopper behavior within the store environment. This combination, which leverages Tyco's multi-sensor portfolio of traffic devices and RetailNext's in-store analytics platform, enables retailers to capture and interpret key metrics to optimize their store operations and drive sales.

Reston, Va. – Cloud-based customer care technology provider Contact Solutions has released version 2.1 of its My:Time mobile customer care tool. My:Time 2.1 introduces a software developer kit (SDK) that allows developers to add My:Time customer care to existing mobile apps, so users can get in-app customer support.

New York -- Target Canada is aggressively repositioning to drive its price value, according to a basket pricing study by Kantar Retail.

“Target’s price leadership in Canada has clearly shifted,” noted Robin Sherk, director of retail insights, Kantar Retail, and contributor to the study. “We found that the price of Target Canada’s overall basket was 3.9% less expensive than Walmart’s. In our initial study, the retailers’ basket values were effectively even.”

The Clorox Company has promoted Nick Vlahos, currently SVP and chief customer officer, to EVP and chief operating officer of household, lifestyle and core global functions, a position previously held by retiring EVP-COO George Roeth.

In this role, Vlahos will have responsibility for the charcoal, Glad, cat litter, food, Brita and Burt's Bees business operating units. He will also have responsibility for the company's marketing, sales, product supply and research and development functions.

Sequential Brands Group has selected actress Paula Patton as the new face and brand ambassador for Ellen Tracy.

Patton's role as brand ambassador begins this November when she will spearhead a global initiative to commemorate women's contributions during the last 65 years. The partnership coincides with seasonal collections and campaigns and extends throughout 2015.