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  • Metrics in the Matrix: Maximizing digital ad spends for retailers

    By Hyaat Chaudhary, CEO, Carbon Media Group

    At a time when the traditional separation between online and brick-and-mortar retailers is blurring, brands need to be smarter to win on the digital front. The ability to establish a presence online — and to capitalize on digital marketing and promotions driven by social media and other online tools — is no longer a luxury: it is a necessity.

  • Target of Tomorrow unveiled, long road ahead

    Target Chairman and CEO Brian Cornell unveiled a wide-ranging growth strategy that combines familiar concepts with dozens of new initiatives related to merchandising, digital, expense control, process improvement and a major shift in corporate culture designed to drive growth for the next five years.

  • Stage Stores boosts Q4 profit, will close 10-20 stores

    Houston – A dropping cost of sales helped Stage Stores Inc. boost net income 76% to $43.72 million in the fourth quarter of fiscal 2014, up from $18.26 million the same quarter a year earlier. Net sales climbed 6% to $524.89 million from $492.54 million, and same-store sales rose 6.4%.

    Stage Stores plans to close 10-20 stores and open two new stores during fiscal 2015.

  • PayPal acquiring mobile payment startup

    On the heels of Samsung’s announcement that it would roll out Samsung Pay in the United States this summer, PayPal has announced it is buying mobile wallet technology startup Paydiant.

    Paydiant technology powers payment apps for such retail brands as Subway and Harris Teeter supermarkets. But its most notable retail client is the merchant consortium MCX, which is developing an in-store payment app (widely viewed as an alternative to Apple Pay) called CurrentC. Walmart, Best Buy and Sears Holdings Corp. are part of MCX.

  • Visa, Pizza Hut testing ‘connected’ car; order, pay from cars — without phones

    New York -- Visa Inc., Pizza Hut and Accenture have teamed up to develop a connected car to test mobile and online purchases on the go. The connected car is expected to feature Visa Checkout (Visa’s online payment service), cellular connectivity, Bluetooth Low Energy (BLE), and Beacon technology deployed at Pizza Hut restaurants to alert staff when the customer has arrived and is ready to pick up the order. Accenture is managing the integration of the technologies.

  • Best Buy launches flat-rate phone plan

    Best Buy is partnering with Sprint on an exclusive unlimited data mobile plan that aims to shake up the wireless world.

    The retailer is introducing the "Best Buy One Plan," which starts at $75 per month with a leased Android device.

  • Boots U.K. pilots MobileFirst sales assist app

    Nottingham, U.K. – IBM Inc. is expanding the IBM MobileFirst for iOS portfolio of apps for retailers. Boots U.K. and American Eagle Outfitters are among the retailers who have signed on for MobileFirst apps.

  • Costco finds a replacement for Amex

    Costco has a new credit card partner for its stores, and it’s a brand name that shoppers may already be very familiar with.

    The retailer has entered into a new co-brand credit card program agreement with Citi and an acceptance and co-brand incentive agreement with Visa.

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