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OPERATIONS / SUPPLY CHAIN

  • Visa expanding online payment service Visa Checkout to 16 global markets

    San Francisco – The mobile payment market continues to heat up. On the heels of Samsung’s news that it will acquire mobile payment firm LoopPay, Visa Inc. announced it is expanding its online payment service, Visa Checkout. The financial services giant said the digital checkout service, which launched in three markets in summer 2014, will be available in a total of 16 markets by the end of 2015.

  • NRF comments on Walmart pay hike for associates

    Washington, D.C. -- The National Retail Federation credited the “power of the marketplace” in Walmart’s decision to increase wages of approximately 500,000 full-time and part-time associates in April to $9 an hour, which is well above the Federal minimum wage.

  • Kenneth Cole names former Timberland and Macy’s exec as CEO

    New York - Kenneth Cole Productions Inc. has appointed apparel industry veteran Marc Schneider as CEO, effective Feb. 23. Schneider will assume responsibility for the company's retail, outlet, e-commerce, international, licensing and wholesale businesses. He takes over from founder Kenneth Cole, who has served as interim CEO since February 2011.

  • Shake Shack opens first Japan store in 2016

    New York - Together with its Japanese licensee Sazaby League Ltd., Shake Shack Inc. will open the first-ever Tokyo Shake Shack in 2016. Shake Shack and Sazaby League intend to open one store in Tokyo and 10 total stores in Japan through 2020.

  • Regulations may ground Amazon drones

    Seattle – A new set of stiff federal regulations reportedly may limit or even scuttle Amazon.com’s plans for a drone-based aerial delivery service. The Federal Aviation Administration (FAA) says operators of unmanned commercial aircraft, which would include Amazon drones, must keep the craft in their line of sight and not fly them over people.

  • Ace Hardware pilots same-day delivery

    Oak Brook, Ill. - Ace Hardware Corp. is the latest retailer to explore the potential of same-day delivery. The retailer recently launched a pilot of its Express Delivery program in select stores across the country.
     

  • Report: Tesco may lay off 10,000 workers

    London – Leading U.K. supermarket chain Tesco plc is reportedly considering laying off as many as 10,000 employees in response to poor profit performance. According to the Sunday Telegraph, Tesco may lay off up to 6,000 employees from its head office and 43 stores the retailer already announced it will close, and eliminate the rest by streamlining operations.

    Jobs eliminated by streamlining would include executive positions. In January, Tesco said it would shutter 43 stores with as many as 2,000 resulting layoffs.
     

  • Walgreens talks payment technology at Cybersecurity Summit

    San Francisco -- Deputy Secretary Sarah Bloom Raskin, U.S. Department of Treasury, on Friday discussed next-generation retail payment technologies designed to protect the convenience and sense of trust consumers hold for what has become an increasingly digital marketplace with several industry leaders across the omnichannel supply chain at the White House Summit on Cybersecurity and Consumer Protection.

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