Canadian fashion brand selects Oracle Retail to drive growth
Quebec — Fashion brand Groupe Dynamite, based in Quebec, said Tuesday it has selected Oracle Retail applications to support the company’s expansion plans.
Groupe Dynamite said it will implement Oracle Retail merchandising, demand forecasting and store solutions across its 250 “Garage” and “Dynamite” brand locations in North America.
“We want to transform our business and needed a proven retail technology platform as a part of that process,” said Anna Martini, president, Groupe Dynamite.
Groupe Dynamite said it selected the Oracle offerings to provide better insight to consumer demand and item performance, improve control over products and inventories and reduce markdowns.
Navarro Discount Pharmacy names CEO
New York City — Navarro Discount Pharmacy, which currently has 29 stores, has named CFO Juan Ortiz to the position of CEO.
Ortiz succeeds CEO Steve Kaczynski, whose expertise in retail merchandising and marketing over the last 18 months has been instrumental in setting a strategic direction for the company and expanding its footprint in South Florida and nationally, the company said.
"Juan Ortiz and his team have worked diligently on [giving] Navarro¹s successful financial turnaround building a singular focus and working hand-in-hand with management and employees to execute an effective, long-term plan," stated Jorge Rico, a co-founding partner of MBF Healthcare Partners, Navarro’s equity partner. "In addition, Juan’s leadership over the last three years laid the needed groundwork for the first phase of Navarro¹s three-year store expansion plan, now being implemented, as well as record sales and earnings in the company’s 50-year history."
NCR expands platform with POS acquisition
DULUTH, Ga. — NCR Corporation announced that it will acquire Radiant Systems, a leading provider of multichannel point-of-sale and managed host service solutions to the hospitality and specialty retail markets, through a cash tender offer of $28 per Radiant Systems share. The equity purchase price of $1.2 billion has been approved by the boards of directors of each company. NCR and Radiant Systems currently anticipate the transaction will close during the third quarter of 2011, subject to regulatory approval.
NCR said that with the addition of Radiant Systems, NCR will create a third core industry vertical, after its financial and retail lines of business, and establish category leadership in the hospitality and specialty retail markets.Andrew Heyman, currently COO of Radiant Systems, will oversee the new vertical.
"Radiant Systems is a logical and strategic extension for NCR, moving us into attractive fast-growth adjacent markets," said NCR Chairman and CEO Bill Nuti. "Radiant Systems has delivered 15% compounded annual revenue growth over the last five years, along with impressive margin expansion as a result of the high customer demand for its expansive software offerings. This acquisition will enable our companies to accelerate expansion through the powerful combination of each other¹s strengths and NCR’s track record of driving transformational change. We will bring together two strong teams with Radiant Systems playing a vital role in enhancing our long-term growth, margin expansion and earnings appreciation."