News

Accenture: Consumers switch brands more than ever before
New York - U.S. companies are struggling to keep pace with their customers’ “always on” nature and greater use of digital channels. According to new research from Accenture, 56% of consumers report that the number of brands they consider has increased significantly in the past 10 years, and 46% believe they are more likely to switch providers compared to 10 years ago.
Target hires bloggers to push plus-size line
Target may have ruffled some feathers in the past with what some considered a lack of plus-size offerings. But the retailer seems to be making up for it now.

Target says it is launching a brand new plus-size line, Ava & Viv, which will be sold both online and in stores starting on Feb. 22.

Tommy Hilfiger to open digital showroom

Amsterdam -- Tommy Hilfiger, which is owned by PVH Corp., will launch a digital sales showroom, at its global headquarters in Amsterdam, The Netherlands. The showroom is designed to revolutioniz the sales experience for retailers by offering them a more engaging and seamless buying approach. The interactive system blends collection information, sales tools and brand content in one seamless touch-screen interface.
Safeway and Albertsons officially merged

It's the end of an era for Safeway and Albertsons, as the companies announced they have completed their merger, ending a nearly year-long process that began in 2014.

AB Acquisition LLC, the owner of Albertson's and New Albertson's, Inc., will acquire all outstanding shares of Safeway. The merger will create a diversified network that includes 2,230 stores, 27 distribution facilities and 19 manufacturing plants with more than 250,000 employees across 34 states and the District of Columbia.
Express, Sycamore end acquisition talks

Columbus, Ohio – Express Inc. and private-equity firm Sycamore Partners announced that, despite having worked together in good faith towards a transaction during the past several months, discussions regarding Sycamore’s expressed interest in acquiring Express have been terminated. The companies said that discussions were halted due to the unavailability of financing on commercially acceptable terms.

In June, Express said it had been approached by Sycamore about a potential deal. Sycamore Partners has a 9.8% stake in Express.
Holiday sales up 1.5% at Michael's

Michaels Companies Inc. had plenty to smile about during the 2014 holiday season -- its first holiday season since going public in June.

Net sales for the eleven-week period from Nov. 2 to Jan. 17 increased 3.5% and same-store sales increased 1.5% from the comparable prior year period. For the full fourth quarter of fiscal 2014, net sales are expected to be in the range of about $1.59 billion to $1.6 billion, with an expected increase in same-store sales ranging from 0.8% to 1.2%. Michaels expects operating income to be $286 million to $291 million.
Roundy’s selects Market6 for vendor portal

Deerfield, Ill. - Roundy’s Inc. has selected Market6’s retailer/supplier collaboration software platform, Market6 Foundation, to deliver a new vendor collaboration portal for Roundy’s enterprise-wide merchandising team and consumer goods supplier community. Roundy’s needed a simpler, more efficient way to exchange information and work with its suppliers on a daily basis around shared high-value business processes, such as executing promotions, managing inventory, driving new item introductions, and reducing out-of-stock items.
Study: Mobile coupon redemptions exceed norms

Belmont, Mass. – To ensure coupon redemption, retailers may want to take a mobile approach. A recent study of retailers using CodeBroker mobile marketing solutions showed CodeBroker mobile coupons, ranging from in-app to on-demand offers, resulted in redemption rates as high as 50%.

The study also showed that multi-channel promotions are highly effective in increasing redemption rates, while on-demand offers, in which consumers request a coupon, have the highest average rate. Other key findings include:
Walmart launches in-store tax refunds in cash

Walmart is hoping to increase the cash in in-store shoppers’ wallets this year by offering a new tax refund service.

Direct2Cash is a way for customers to collect their tax refunds in cash at stores this tax season. The service is an alternative for taxpayers who otherwise might get refunds via check or direct deposit.
Report: J.C. Penney to resurrect catalog

Plano, Texas – Meet the new catalog, same as the old catalog. The J.C. Penney Co. Inc. is reportedly bringing back its print catalog, often referred to as the “big book,” which the retailer discontinued in 2010.