News

Tango receives $30 million in equity funding
Irving, Texas - Tango, a provider of store lifecycle management solutions and services, has received an investment of $30 million from Frontier Capital, a growth equity firm. The investment in the company’s software-as-a-service, consulting and managed services businesses will support Tango’s growth and demand for their store lifecycle management solution in the North American retail market.
Rite Aid takes the the health kiosk idea to a new level
Rite Aid is targeting consumers looking for quality and convenient health care with the debut of telemedicine kiosks at some of its stores.

Taylor Swift picks Chinese e-commerce partner – it’s not Alibaba

Beijing – Pop star Taylor Swift has selected a Chinese e-commerce partner – and it isn’t Alibaba. Chinese e-commerce platform JD.com will be the first authorized seller of Taylor Swift merchandise in China.

The new JD.com store will be the official online source of Taylor Swift items, including a new fashion line the music superstar designed specifically for the Chinese market.
Taylor Swift goes with JD.com in China

In the e-commerce fight between China's Alibaba and JD.com, Taylor Swift has declared a winner.

The pop superstar announced that JD.com will be the official online source of Taylor Swift items in China, including a new fashion line the music superstar designed specifically for the Chinese market.
Oracle focuses on agility with retail cloud offering

Redwood Shores, Calif. – Oracle is focusing squarely on retail agility with the latest additions to its comprehensive set of retail cloud solutions. The new Oracle Retail Science Cloud Services and Oracle Retail Insights Cloud Services offer cloud-based access to Big Data analysis and expertise, scaled for retailers of all sizes.
A&P store sell-off begins

Quincy, Mass. – The sell-off of stores from the newly bankrupt Great Atlantic and Pacific Tea Co. (A&P) has begun. The Stop & Shop Supermarket Co. LLC has entered into an agreement with A&P to acquire 25 A&P stores in greater New York for $146 million.
Restaurant group doesn’t leave cards to chance

Scottsdale, Ariz. – Kahala Brands isn’t taking chances when it comes to payment card security. The restaurant franchisor group is naming Cybera as an authorized provider of payment card security to all 2,600 of Kahala Brands' store locations.
Office Depot targets de-cluttering consumers

Office Depot Inc. is focusing on attracting de-cluttering consumers as the retailer awaits regulatory approval of its merger with Staples.

Office Depot announced it is launching Perch by Urbio, a new line of organization products for the home or office, available now in both Office Depot and OfficeMax retail locations and online at officedepot.com.
Yahoo files with SEC for Alibaba holdings spinoff

Sunnyvale, Calif. – Yahoo Inc. has initially filed with the Securities and Exchange Commission (SEC) to spin off its remaining holdings in Alibaba Group Holding Ltd. into a new public company called Aabaco Holdings Inc. Yahoo initially announced its plans to spin off its Alibaba stake in January 2015.
Samsung tests mobile wallet overseas

Seoul, Korea – Samsung is testing a mobile wallet solution, but it may be a while before U.S. consumers get to join in the fun.

The consumer electronics giant announced in a blog posting that Korean consumers can now use a beta version of its Samsung Pay mobile payment application.