News

New York -- Intuit has entered into a definitive agreement to purchase Check, a mobile bill pay company with some 10 million registered users. The acquisition will help accelerate Intuit’s ability to offer bill pay across small business and personal finance products and create opportunities to retain, attract and serve additional customers.

New York -- Target will test same-day delivery in three markets as the online shipping war among retailers continues to gain momentum. Target will launch a $10 rush delivery pilot in June in the Minneapolis, Boston, and Miami, markets, offering guests the ability to order as late as 1:30 p.m. in the afternoon and receive a delivery of qualifying items between 6 p.m. and 9 p.m. the same day, the company stated in its recent quarterly call with analysts.

New York - Aeropostale Inc. has entered into definitive agreements with respect to its previously announced strategic partnership and $150 million senior secured credit facilities with Sycamore Partners. As previously announced on March 13, 2014, the senior secured credit facilities with affiliates of Sycamore Partners consist of a five-year $100 million term loan facility and a ten-year $50 million term loan facility that includes a sourcing arrangement with MGF Sourcing, also an affiliate of Sycamore Partners.

Milan, Italy – Luxottica is rolling out the SAP Fashion Management application. The retailer is implementing the solution with the goal of bringing wholesale and retail operations onto a single, vertical platform sharing the same master data, global inventory and processes.

Montreal -- Town Shoes Ltd. will upgrade its POS and merchandising systems with the Jesta I.S. Vision solutions in its network of close to 200 stores across Canada. With the upgraded suite of solutions, Town Shoes will be able to modernize its supply chain and deliver the right products to customers, faster than ever before.

Omaha, Neb. - Omaha Steaks today announced the launch of a newly created customer loyalty program, Omaha Steaks Steaklover Rewards. This new loyalty program is designed to reward customers through a points-based program, where they can earn points by purchasing products, in addition to non-transactional engagements like referrals and social sharing.

Tyson’s Corner, Va. - Logan's Roadhouse has selected MicroStrategy's Alert Platform as the foundation for a new customer-focused mobile app. Through its new app, Logan's intends to provide a complete brand experience to mobile consumers.

Using mobile conveniences and marketing features available in the Alert platform, Logan's expects to generate more repeat business, amplify its social presence, and deliver enhanced loyalty services.

Thorofare, N.J. - Checkpoint Systems, Inc. is launching its next generation of intelligent electronic article surveillance (EAS) solutions. The Evolve iRange comprises six different EAS antennas, a broad range of EAS labels designed for visible and source-tagging application to various types of merchandise, and the Counterpoint iD deactivation unit for faster and consistent deactivation at point-of-sale (POS).

Framingham, Mass. – Staples has named a veteran marketing executive, Frank Bifulco, as executive VP marketing, effective June 23. Bifulco previously served as chief marketing officer at Home Depot.

In the newly created role, Bifulco will lead marketing across Staples. He will report to Ron Sargent, chairman and CEO, and will be a member of the company’s executive committee.

Every May, the MIT Sloan School of Management hosts a one-day CIO Symposium where great academic minds mix with great business minds. The result is always an outpouring of IT and business thought leadership, and this year was no exception. A panel of CIOs, including Adriana Karaboutis of Dell and Roger Gurnani of Verizon, discussed what leading the digital enterprise means for today’s top IT executives, and why taking a leading digital enterprise role is so critical. Following are a few insights gleaned from the session: