News

Irvine, Calif. — Sage North America is releasing the new Sage Exchange Payment Management System to consolidate all of retail small-to-mid-sized business (SMB) payment activity onto one platform. SMBs can use Sage Exchange to monitor and manage the payments from all their sales environments: on the web, over the phone, through mobile devices, or at their storefront, on a 24/7 basis.

While the mantra of “keep it simple, stupid” has long been a staple in the world of business, the message of the recent SAP Sapphire 2014 conference in Orlando could be summed up as “keep it simple, smart.” Speakers throughout the three-day event stressed how leading-edge technology allows enterprises to operate with a previously unavailable simplicity and flexibility, providing new and exciting capabilities.  Here are a few examples.

Matthews, N.C. — Family Dollar Stores has adopted a one-year shareholder rights plan to prevent investors from gaining sizable control of the company. The move follows the disclosure on Friday that activist investor Carl Icahn has amassed a 9.39% stake in the retailer over the past two months, making him its largest shareholder.

In the filing on Friday, Icahn said he plans to push Family Dollar management to explore strategic changes, and that he might also seek board seats.

Seattle — Amazon.com is reportedly entering the online payment arena.

According to Reuters, Amazon.com will offer a service where for a fee, registered customers can use credit card information stored on Amazon.com to pay for services such as utilities or digital subscriptions.

Los Angeles — PriceGrabber has partnered with Channel IQ, to power "Buy Online", Channel IQ's latest product that will be available to consumers early this summer. Powered by PriceGrabber's shopping content, Channel IQ's "Buy Online" solution allows manufacturers to offer consumers a way to find and purchase their desired product from authorized retailers and ecommerce sites.

The Hillshire Brands Company has confirmed that it received a unilateral binding offer from Tyson Foods to acquire all its outstanding common shares for $63 per share in cash.

By its terms, the Tyson Foods offer will remain in place until the termination of the Hillshire Brands/Pinnacle merger agreement or December 12, whichever comes first.

Kellogg’s has teamed up with New York Times bestselling author, Emmy-nominated TV personality and board-certified emergency medicine physician Dr. Travis Stork in a campaign that touts the importance of breakfast and positions the brand as a valuable source of protein grains.

The company plans to promote various cereal brands such as All Bran, Frosted Mini-Wheats, Raisin Bran and Special K Original by pointing out how much protein and other essential nutrients can be found in one serving plus one cup of skim milk.

Jos. A. Bank continued the positive trend of increases in adjusted earnings that it saw in the second half of 2013. Comparable brand sales increased by double digits in the first two months of the first quarter, and despite slowing down after Easter, still resulted in an 8.4% increase.

According to a Reuters report, Amazon is making headway into the online payments arena, which has long been dominated by PayPal.

The article says Amazon will start managing subscription payments for startups and other companies as soon as Monday. The service, according to the report, will allow the company's more than 240 million active users to use credit card details stored on Amazon.com to pay for services such as a monthly phone bill or a digital music subscription — for a fee on each transaction payable to Amazon.

Lowe's has named Paul D. Ramsay as chief information officer, effective immediately. Ramsay, who has been serving as acting CIO since March, will report to Richard D. Maltsbarger, who was himself appointed chief development officer. 

Ramsay is responsible for day-to-day operations of Lowe's IT organization, including the continued development of a technology portfolio designed to seamlessly support the operations of the company's stores, distribution network, e-commerce platforms and future business technology needs.