News

Saks Fifth Avenue will unveil its renovated men’s store in its Chicago flagship on Michigan Avenue in January of the new year. The renovation will encompass a total redesign of floors six and seven, creating an open environment that will be easily accessed by a new express elevator that will take passengers directly to the men’s floors.  

Matthews, N.C. -- Family Dollar has elevated Jason Reiser to the position of senior VP/lead merchandising officer at Family Dollar, according to an internal memo from company president and COO Mike Bloom.

The opening of two new Stein Mart stores in New Jersey and California this month will round out the discount department store operator's 2013 capital expansion program and give it a year-end total of 264 units.

The opening follows four new stores last month in El Paso, Texas; Buford, Ga.; Elk Grove, Calif.; and Colorado Springs, Co., as well as a September comparable-store sales increase of 5% and a total net sales increase of 7.3% for the month.

Jon Abolins, senior tax director at Avalara
 

VeriFone Systems, an electronic payments provider, has unveiled next-generation site management solution, Commander Site Controller, and Ruby2, a touchscreen point of sale solution.

Scovill Fasteners, a developer and manufacturer of a diverse range of fasteners for apparel and industrial partners and part of the Gores Group portfolio of companies, has elected Gores executive James I. Pinto to its board.

“I’m pleased to have someone of Jim’s caliber and experience join our board, and am excited for our team’s opportunity to work with him,” said CEO Craig Stoudt.

New York -- E-commerce and payments fraud remains high on the agenda for consumer-facing organizations, according to a recent Deloitte online poll. Nearly half (47%) of executives and managers reported that fraud protection ranks as a "high priority" for their organization, and a further 8% cited this as their organization's number one priority.

San Francsico -- iPad POS technology provider Revel Systems will offer PayPal’s mobile payment capabilities as an integrated service within the Revel POS solution.

PayPal’s mobile app, available for iOS and Android, is now directly connected with Revel Systems, allowing users to order ahead at any establishment using Revel’s iPad POS solution. Specific features of the new integration include mobile discovery of nearby businesses accepting PayPal, advance ordering, and PCI-compliant payment security.