News

In mega deal, DTZ to buy Cushman & Wakefield for $2.04 billion
New York -- Commercial real estate services firm DTZ, which is backed by private-equity firm TPG, has entered into a deal to acquire rival Cushman & Wakefield Inc. for $2 billion.

The combined company will have 43,000 employees, annual revenues of more than $5.5 billion and manage more than 4 billion square feet of real estate globally. It will operate under the Cushman & Wakefield name.
Study: Subscription retailers lead in average orders per year
New York – Subscription retailers outpace e-commerce retailers and flash sale businesses by a long shot when it comes to a customer’s average numbers of orders in the span of a year. According to analysis of more than 10 million orders from 2.5 million unique customers by Retention Science, subscription retailers average 7.68 orders per customer in 12 months.

In contrast, e-commerce retailers only average 2.36 orders per customer in 12 months, and flash sale retailers only average 1.41 orders in that time span.

Coop Denmark to install Displaydata ESLs

Albertslund, Denmark -- Kvickly Supermarkets, part of Danish grocery retailer Coop Denmark, will implement Displaydata’s Chroma electronic shelf labers (ESLs) across 29 of its store locations. Coop Denmark, in partnership with Displaydata’s partner Delfi Technologies, has already implemented ESLs in more than 300 of its stores, including brands: Kvickly, SuperBrugsen, Dagli’ Brugsen and Irma.
Four Ways Cloud Services Unleash Business Agility for Retailers

By Jeff Warren
Alibaba acquires 9.3% stake in Zulily

Seattle – Chinese e-commerce company Alibaba Holding Group Ltd. has disclosed it holds a 9.3% stake in online retailer Zulily. Alibaba has purchased about 4.8 million class A shares for $56 million. This represents about 17% of Zulily’s Class A stock.
Ingles net income soars in Q2

Asheville, N.C. – A significant increase in gain from the disposal of assets helped boost net income 37% at Ingles Markets Inc. in the second quarter of fiscal 2015 to $14.3 million, from $10.5 million in the same quarter a year earlier. Lower gasoline prices helped reduce net sales 3% to $915.3 million, from $947.76 million.

Excluding gasoline, same-store sales rose 1.2%.
Study: Retailers eye gamification to engage customers

Boston – With engaging the customer and managing the customer experience as top priorities for retailers, Boston Retail Partners’ 2015 CRM/Unified Commerce Survey indicates that 87% of retailers plan to use gamification to engage the customer within five years.
Children’s Place criticizes report favoring activist nominee

Secaucus, N.J. – The Children’s Place Inc. is publicly criticizing a report from proxy advisory service Institutional Shareholder Services (ISS) recommending that shareholders elect one of two board nominees from activist investors Macellum SPV II L.P. and Barington Companies Equity Partners L.P. ISS supports election of Robert L. Mettler but recommends against electing Seth R. Johnson.
Epicor spins off retail business

Austin, Texas – Epicor Software Corp. is spinning off its retail solutions business into a separate, privately held company, in partnership with funds advised by Apax Partners. Referred to as “SpinCo” until the transaction is finalized, the Epicor retail solutions business continues under the leadership of Noel Goggin, executive VP and general manager.
Tech Bytes: Three Disruption Insights from SAP’s Sapphire

The theme of SAP’s annual Sapphire conference, in Orlando, Florida, was “Run Simple.” SAP focused on how its HANA business intelligence platform and growing number of HANA-powered applications can assist companies with the complicated task of creating simple enterprises that run on real-time data.

However, underneath the SAP-specific information was a lot of more general insight into how IT is disrupting the way businesses operate and engage their customers. Following are three insights with particular relevance for retailers.
Toys'R'Us targets the 'Blaze' craze

Toys”R”Us is looking to excite toy shoppers with an all-new assortment of toys from Fisher-Price based on the hit Nickelodeon show, “Blaze and the Monster Machines.”

The show features the heroic monster truck, Blaze, his 8-year-old driver, AJ, and many other characters helping preschoolers learn Science, Technology, Engineering and Math (STEM) concepts. The Toys line of road-ready vehicles, die-cast and plush are available only at Toys"R"Us stores nationwide and Toysrus.com, now through the end of July.
Wayfair furnishes another strong quarter

Both first-time and repeat customers were on the rise for Wayfair in the first quarter, suggesting the company is doing what it takes to grow into a powerful player in e-commerce.