News

BitPay becomes Demandware partner

BY Dan Berthiaume

Atlanta – Bitcoin digital currency platform provider BitPay has become a Demandware Link Technology Partner. Demandware’s clients will now be able to easily add bitcoin as a form of payment due to BitPay’s development of a pre-built integration between its payment processing services and the Demandware Commerce platform.

Demandware provides its clients with access to a set of pre-built integrations to commerce technologies that now includes Bitcoin payments through BitPay. With the pre-built integration, retailers can integrate BitPay quickly and cost-effectively.

Through BitPay, merchants can accept unlimited Bitcoin payments with no processing fees and receive settlements in Bitcoin or nine different fiat currencies. BitPay’s enterprise-grade API integrates into any payment system and gives businesses access to a worldwide customer base.

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FINANCE

Brown Shoe kicks up net income in Q2

BY Dan Berthiaume

St. Louis – Brown Shoe Company increased net income 17% to $18.1 million in the second quarter of fiscal 2014, from $15.4 million in the same period the prior year. Net sales rose 2% to $635.9 million from $621.7 million, while same-store sales at its primary Famous Footwear brand climbed 1.6%.

Brown Shoe credited back-to-school sales at Famous Footwear, supported by a strong omnichannel customer experience, as helping to drive second quarter results. Brown expects positive same-store sales growth at Famous Footwear in the third quarter.

“Our second quarter results reflect the health of both our retail and wholesale businesses, as we continue to benefit from, and expand on, our portfolio realignment efforts,” said Diane Sullivan, CEO, president and chairman of Brown Shoe Company. “At Famous Footwear, our focus on delivering a seamless omnichannel experience to our consumers helped kick off our back-to-school selling season. At our wholesale brands, our trend-right merchandise is resonating with both consumers and retailers.”

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News

Weather Trends: September 2014

BY CSA STAFF

An increased risk of an emerging El Nino and a continuation of warmer than normal ocean waters in the Atlantic will produce warmer and wetter conditions along the East Coast along with an elevated tropical system risk. The total number of tropical systems will be reduced overall, but should a storm threaten the U.S., the East Coast would be at highest risk. Much cooler weather will be common across the Plains with increased rainfall east of the Rockies. The western third of the nation will trend much drier as the flow of monsoon moisture is cut off earlier than normal, while temperatures are generally similar to last year. Demand for autumn apparel will lag until the end of the month in the East when demand starts to pick up. A warm stretch of weather around mid-month in the East will extend the summer season in the South and provide a final opportunity for summer clearance farther north.

Weather Trends International offers year-ahead business weather forecasts and intelligence to hundreds of major retailers, suppliers, and we also support many commodity/energy traders. We offer an unparalleled competitive advantage by helping our clients proactively plan for the weather up to a year in advance. For more information on what we can do for you, please contact Jack Grum [email protected] or call 610-807-0118.

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