News

ArbiterSports, a leading game management solutions provider, has named Jeremy Brown as the company’s chief technology officer.

According to the company, they brought in Brown because he is a software architect, user-interface designer and quality assurance expert. To address the company’s accelerated growth, a decision was made to divide the responsibilities of CTO and chief infrastructure officer between two individuals. Both roles were previously handled by Troy Black, who will retain the job of chief infrastructure officer.

By Nate Dwyer, Red Peak Branding

Fresh Del Monte Produce’s top line grew 9% for the third quarter ended Sept. 27, positioning the company for growth and profitability.

The company’s earnings per diluted share were $0.11 for the quarter, compared with earnings per diluted share of $0.40 in the year-ago quarter. Excluding asset impairment and other charges, earnings per diluted share were $0.09 in the quarter, compared with $0.45 in the year-ago quarter.

New York -- Looking ahead, there is a sense of pessimism on the economy in the next few months among U.S. consumers. In September 2013, Harris Poll results showed that almost half of U.S. adults (46%) said, in the coming year, that they expect the economy to stay the same, while less than one-quarter (22%) expected it to improve and one-third (32%) expected it to get worse.

According to ShopperTrak, a leading provider of shopper analytics, the busiest holiday shopping days will occur between Dec. 20 and Dec. 24, and retailers should prepare accordingly.

Additionally, with a shortened shopping season and only four weekends between Thanksgiving and Christmas — down from five last year — retailers must be ready to capture holiday spending during a narrower window of time.

New York -- Consumer confidence fell sharply in October, according to The Conference Board, whose monthly consumer confidence measure dropped to 71.2 in October, down from 80.2 in September. Economists had expected a reading of 75.0 in October.

The Present Situation Index decreased to 70.7 from 73.5.The Expectations Index fell to 71.5 from 84.7 last month.

First Data Corporation, a leading global e-commerce and payment processing provider, has acquired Perka, a smart loyalty platform.

Perka became a First Data subsidiary on Oct. 4, and continues to operate autonomously as an innovative entrepreneurial company led by its current management and product development team. Financial terms of the deal were not disclosed.
 

Hoffman Estates, Ill. -- Kmart announced it is extending its integrated retail shopping strategy, which connects online and in-store shopping channels to provide more flexible ways to shop, to customers in Puerto Rico. For the first time this holiday season, Puerto Rico-based Kmart customers and Shop Your Way members will have access to online layaway, store-to-home shipping, free Anyone, Anywhere pickup and free store pickup.