MicroStrategy Inc., McLean, Va., is extending its partnership with Redmond, Wash.-based Microsoft Corp., by supporting the 2007 Microsoft Office system. Called MicroStrategy Office, the solution enables business users to run, edit and format any MicroStrategy report directly within the 2007 Microsoft Office system applications, including Microsoft Office Word 2007, Microsoft Office PowerPoint 2007, Microsoft Office Excel 2007 and Microsoft Office Outlook 2007. MicroStrategy Office supports multiple data-presentation modes, including grid, live graph, graph image, document, PivotTable and PivotChart. www.microstrategy.com
Revionics Inc., Sacramento, Calif., introduced RAPS Reporting, a new subscription-based category-management and online-reporting system for retailers. The new service will be offered in conjunction with the company’s Advanced Pricing System (RAPS). The original RAPS module monitors retailers’ sales and performance for every item at every store. Meanwhile, the new piece includes a dashboard that supports a series of reports with drill-down capability and e-mail alerts.
By combining the two modules, users can monitor company, zone, store, department, category, subcategory and item performance to proactively react to market changes and competition. www.revionics.com
Extech Data Systems, Waltham, Mass., introduced the S3750THS Series battery-operated thermal printer for the retail industry. The unit, which features an upgraded 2.2-amp lithium battery, produces more receipts per charge, making it a good fit for line-busting applications.
The printer is MS-DOS and Windows compatible and features a state-of-the-art microprocessor. It runs on standard RS-232 Serial and IrDA wireless communications, and an integrated Bluetooth radio and 802.11 b/g are also communications options. A magnetic-card reader and smart-card reader are also available. www.extech.com
Sears Holdings ceo unhappy with 2Q
HOFFMAN ESTATES, Ill. Sears Holdings today reported net income of $176 million, or $1.17 per diluted share, for the second quarter ended Aug. 4, compared with net income of $294 million, or $1.88 per diluted share, for the second quarter ended July 29, 2006. The company attributed the decline in its second quarter results from the same quarter last year to lower operating results at both Sears Domestic and Kmart, which were partially offset by improved operating results at Sears Canada.
“We are disappointed with our second quarter results. Our gross margins came under pressure from sales declines and increased promotional activity, and as a result, our net income was significantly below last year and our expectations,” said Aylwin Lewis, Sears Holdings’ ceo and president.
Sears Domestic’s comparable-store sales declined 4.3% for the quarter, while Kmart’s comparable-store sales declined 3.8%. Total domestic comparable-store sales declined 4.1%. The company reported lower sales across most merchandise categories at both Kmart and Sears Domestic, partially offset by increased sales of women’s apparel at both Kmart and Sears Domestic, as well as within consumer electronics and footwear at Sears Domestic. For the quarter, total revenues declined $0.6 billion to $12.2 billion in fiscal 2007, as compared to $12.8 billion for the second quarter of fiscal 2006.
Lane Bryant pres. joins Christopher & Banks
MINNEAPOLIS Former Lane Bryant president Lorna Nagler will join Christopher & Banks as president and ceo effective Aug. 31. She will replace Matthew Dillon, who resigned from his position as president and ceo and as a member of the board of directors today. Nagler has also been elected as a member of Christopher & Banks’ board of directors effective Aug. 31.
Nagler most recently served as president of Lane Bryant, a division of Charming Shoppes. Before joining Charming Shoppes in April, 2002, Nagler served as a senior vp and general merchandising manager for apparel and jewelry at Kmart Corp.