News

Ascena downgrades 2015 outlook
Mahwah, N.J. - Ascena Retail Group Inc. has downgraded several aspects of its outlook for fiscal 2015, which ends July 25. Ascena now expects full-year adjusted EBITDA from continuing operations in the range of $365 million to $375 million, and full-year adjusted earnings per diluted share from continuing operations in the range of $0.57 to $0.60, as compared to its prior expectation of $0.70 to $0.75 per share
Elephant Bar herds loyalty members
Dallas – The Elephant Bar casual dining chain is herding loyalty members as they approach local stores.

The 29-unit retailer has deployed the Paytronix Geofencing solution to send messages designed to compel visits from members of its rewards program when they are within a set proximity to a restaurant.
In a review of three recent campaigns, Elephant Bar determined that approximately 30% of members visited a restaurant on the day that they received a geofencing message.

Food Lion wants to be like Amazon.com and Walmart

Amazon.com and Walmart aren’t the only retailers lowering prices this month. Food Lion has jumped on bandwagon at its 1,100 stores with a three-pronged price reduction effort.

Food Lion has announced significant investments in prices throughout its stores by lowering prices on thousands of items that are most important to customers, according to the company, tapping into its longstanding heritage of low prices and convenient locations.
Dollar Tree plans South Carolina distribution center

Chesapeake, Va. – Dollar Tree Inc. is not slowing down after finalizing its $8.5 billion acquisition of Family Dollar Stores Inc. last week. The retailer plans to open a 1.5 million-sq.-ft. distribution center in the vicinity of Spartanburg, South Carolina.
Shoes.com still in growth mode

Shoes.com is laucnhing new efforts to make the shopping experience more convenient and accessible for customers on the go.

The company has launched a refreshed, mobile responsive OnlineShoes.com website and iOS app, designed to keep up with customer demand and enhance the mobile shopping experience for customers. The company will also release a mobile app for the Android platform that will debut later this summer.
Rue La La cottons to Molly Sims

Boston – Rue La La is adding some celebrity appeal to its omnichannel partnership promoting cotton. Actress, model and author Molly Sims is the new face of its "Cotton. It's Your Favorite for a Reason" campaign with promotional group Cotton Inc.
CSA to select ‘Top Redevelopers’ for 11th-annual listing

New York -- Chain Store Age magazine is accepting nominations for its 11th annual “Top Redevelopers” listing, which recognizes shopping center owners and developers’ retail redevelopment efforts over the last 12 months. Selections will be based on square footage redeveloped between June 30, 2014 and June 30, 2015, financial investment, and project significance.
Gallup: Consumers say ‘meh’ to digital wallets

Washington, D.C. – Despite all the hype surrounding Apple Pay and other digital wallet solutions, so far consumer response to the digital wallet phenomenon has been one big shrug of the shoulders.

Gallup analysis shows that only 13% of U.S. adults with a smartphone have a digital wallet on their device.
Plug and Play’s CEO Corner: Ruchika Kumar, SKU IQ

Meet Ruchika Kumar, CEO of SKU IQ, a tech-start-up participating in business accelerator Plug and Play's retail accelerator that matches retailers with complementary technology solutions.

What does your company do?
Survey: More than half of smartphone users have this OS

Pittsburgh – Retailers wondering which smartphone operating systems they should support with their mobile and omnichannel programs can reach more than half of all users with a single OS.

In the second quarter of 2015, 52% of all smartphone shoppers used iOS 8, according to the Branding Brand Mobile Commerce Index. iOS 8 also generated 56% of all smartphone revenue in second quarter 2015.