News

New York – In what could be bad news for retailers, “mass affluent” consumers (those with $50,000 to $250,000 in investable assets) and Gen Y (age 18-34) are cutting back on spending to save for retirement. According to the Spring 2013 Merrill Edge Report, the average mass affluent investor expects to save $860,000 for retirement but has only saved $150,000. If given an extra $1,000 per month, 50% of mass affluent consumers would put it toward savings or paying down debt.

WESTPORT, Conn. — TCC, a global leader in retail marketing programs, has appointed former PepsiCo executive Van B. Sapp as president of TCC Americas. In his new role, Sapp will be responsible for TCC's operations in North and South America, adding capabilities with licensed properties and integrating digital components to current customer initiatives.  

BRISBANE, Calif. — Bebe has named global entrepreneur Narry Singh to the company’s board of directors. 

Singh has been an entrepreneur, hands-on executive, adviser and deal-maker for more than 20 years, with a focus on launching and growing businesses in the digital entertainment, new media, e-commerce and software sectors. Singh was recently selected by the United Nations Foundation as one of their Top 10 “Global Entrepreneurs” and will serve as their entrepreneurship and innovation ambassador for two years.

LOS ANGELES — Specialty sporting goods retailer Sport Chalet is looking to public relations boutique agency Formula PR to help establish its brand as a leader within the active lifestyle industry. 

The multi-faceted program will focus on elevating visibility around Sport Chalet’s in-house health and fitness experts, heightening regional awareness through interactive events and custom programs, in addition to connecting with consumers, and positioning the brand as the go-to resource for education, training and gear in the vast sports arena. 

NEW YORK — Ann Taylor has partnered with celebrity Kate Hudson on an exclusive collection set to debut in Ann Taylor stores next week.

To mark the launch of the limited-edition collection, the retailer will host a White Party at Ann Taylor stores nationwide from 6-8 p.m. Wednesday, May 22, where guests will be invited to shop the collection. 

The first clients to purchase a piece from the capsule collection during the in-store event will receive an Ann Taylor gift card, courtesy of InStyle.

Duluth, Ga. – Shake Shack has implemented the NCR Pulse Real-Time smartphone application. The app provides real-time, segmented performance metrics and notifications to employee smartphones, generated by a SaaS-based mobile analytics engine and can be integrated with NCR POS platforms.

“NCR Pulse Real-Time is a great tool,” said Giancarlo Fiorarancio, director of information systems, Shake Shack. “It gives you information that you can use right now to improve your results for the rest of the day.”

CITY OF INDUSTRY, Calif. — Walmart plans to offer two TP-Link portable wireless networking products in 800 of its stores nationwide. TP-Link is a global provider of networking products.

The set of products which will be available on select Walmart store shelves are the 150Mbps Wireless N Nano Router and the TP-Link Portable Battery Powered 3G/4G Wireless N Router. 

Westboro, Mass. -- MICROS-Retail, a division of Micros Systems, announced BJ's Wholesale's successful launch of Micros-Retail's next generation loss prevention and business analytics solution, XBR Ingenium.
   
As an existing user of MICROS-Retail's XBR, BJ's launched a pilot of XBR Ingenium.  After a successful program, BJ's is now deploying Micros-Retail XBR Ingenium company-wide, seeking to increase the investigative capabilities and productivity of its asset protection team.