News

MT. PROSPECT, Ill. — Cummins Allison, a provider of currency, coin and check handling solutions, has announced its latest solution offerings for retail back-office processing.

WAYNE, N.J. -- Toys"R"Us announced that it will be the first retailer in the United States to offer Fisher-Price's Octonauts toys.

In celebration of Random Acts of Kindness Day on Sunday, Feb. 17, Michaels hopes to inspire customers to participate by giving away more than $100,000 in gift cards at its nearly 1,100 U.S. and Canada stores.  

Woodcliff Lake, N.J. -- Wireless solution provider I.D. Systems said Tuesday it has received a series of purchase orders from Walgreens for the latest generation of its PowerFleet wireless Vehicle Management System, to be deployed on hundreds of material handling vehicles across multiple Walgreens distribution centers.

Walgreens originally implemented I.D. Systems' wireless technology in 2003 and is systematically upgrading more than a dozen of its facilities to the current generation of PowerFleet VMS.

NAPERVILLE, Ill. -- OfficeMax has received approximately $129 million in cash proceeds related to its October 2004 investment in Boise Cascade Holdings, L.L.C.  Since 2004, OfficeMax has held two classes of securities in BCH, non-voting equity securities ("Series A Units") and voting equity securities ("Series B Units").

Atlanta -- A report released Tuesday by First Data Corp. found that dollar volume growth rebounded in January, improving to 6.2% versus 4% in December despite the payroll tax increase.

The First Data SpendTrend report, which tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations, found that improved retail spending was a large contributor to the January growth.   

EMERYVILLE, Calif. -- LeapFrog Enterprises was honored at 13th annual Toy Industry Association's Toy of the Year (TOTY) Awards ceremony held in New York on Feb. 9, receiving recognition in two categories. The learning tablet, LeapPad2, received the inaugural "People's Choice Toy of the Year" and "Educational Toy of the Year" awards. 

CHICAGO — Though a 2% increase in payroll tax may seem insignificant for middle- and upper-income families, it can cause a major change in shopping behavior for lower-income families, a new study has found.