REAL ESTATE

99 Cents Only opens two California stores Nov. 21

BY Dan Berthiaume

City of Commerce, Calif. – 99 Cents Only Stores opens two new stores in California on Nov. 21. The stores will be located in the towns of Menifee and Corona.

The Menifee store will measure 18,000 sq. ft., while the Corona store will measure 19,400 sq. ft. 99 Cents Only Stores currently operates 335 extreme value retail stores consisting of 241 stores in California, 44 in Texas, 33 in Arizona, and 17 in Nevada.

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News

Isis releases new mobile wallet

BY Dan Berthiaume

New York — Isis, the mobile commerce joint venture created by AT&T Mobility, T-Mobile USA, Inc. and Verizon Wireless, today released the latest version of the Isis Mobile Wallet. The m-commerce app is now available to consumers for download in the Google Play app store and at thousands of AT&T, T-Mobile and Verizon Wireless retail stores nationwide.

The Isis Mobile Wallet allows customers to pay at contactless payment terminals, and to save money through special offers and loyalty cards at participating merchants from an Isis Ready smartphone. The Isis Mobile Wallet allows consumers to shop and pay using their mobile phone, by securely storing virtual versions of a customer’s participating credit or prepaid cards, as well as coupons and merchant loyalty cards. To use the Isis Mobile Wallet, customers select a payment card and tap their smartphone on the point-of-sale terminal.

The redesigned Isis Mobile Wallet features a simplified user interface with a clean, white background and easy-to-navigate toolbars. Integration with American Express Serve enables Isis Mobile Wallet users to load funds to their American Express Serve Account from a U.S. debit or credit card, bank account, or through direct deposit, as well as pay bills online and send money using an American Express Serve Account.

Customers with an Isis Ready smartphone available from AT&T, T-Mobile or Verizon Wireless can receive a free enhanced SIM card from their wireless carrier and download the Isis Mobile Wallet for free from Google Play. Customers who visit a carrier retail store to activate the Isis Mobile Wallet will receive hands-on support and education from store associates.

"Today’s nationwide launch of the Isis Mobile Wallet is a milestone for consumers, merchants and banks. It’s the start of a smarter way to pay," said Michael Abbott, CEO, Isis. "Together, with our partners, we’ve built a seamless mobile commerce experience. We’re pleased to bring the magic and simplicity of the Isis Mobile Wallet to consumers across the U.S."

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FINANCE

Dillards reports net income, sales growth in Q3

BY Dan Berthiaume

Little Rock, Ark. – Dillard’s reported moderate growth in net income and sales during the third quarter of fiscal 2013. Compared to the same period a year earlier, net income increased 5% to $50.9 million from $48.5 million, while net sales climbed about 1% to $1.51 billion from $1.49 billion.

According to Dillard’s, sales trends were notably strong in ladies’ accessories and lingerie followed by shoes and ladies’ apparel, while sales were weakest in the home and furniture category. Sales trends were strongest in the central region, followed by the eastern and western regions, respectively.

During third quarter 2013, the company closed its Euclid Square Mall clearance location in Euclid, Ohio. Dillard’s also announced the upcoming closure of its University Mall location in Chapel Hill, N.C., and its Collin Creek location in Plano, Texas. Both locations are expected to close by the end of the fourth quarter.

On November 2, 2013, the company operated 282 Dillard’s locations and 17 clearance centers spanning 29 states and an Internet store.

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