Celerant acquires CAM Commerce Solutions
Staten Island, N.Y. — Celerant Technology has acquired CAM Commerce Solutions, a subsidiary of Robertson Piper Software Group (RPSG) and a well-known East Coast-based retail software provider. CAM provides services for small to mid-size retailers across a variety of vertical markets.
“CAM brings to Celerant a strong and respected history of servicing the retail community. The many retail software professionals at CAM will be a welcomed addition to the Celerant team. Together, as a new and stronger team, we will be able to better support CAM’s larger volume customers while advancing the technology of the current CAM product suite. Our acquisition of CAM enables Celerant to expand our presence and to experience a significant level of growth as a company,” stated Ian Goldman, Celerant president and CEO.
Netherlands-based retailer deploys TradeCard’s cloud-based global trade platform
New York — TradeCard, a supply chain collaboration and global trade platform, announced that women’s apparel retailer MS Mode has successfully deployed TradeCard to eliminate costs and improve efficiencies in its global supply chain.
The TradeCard solution allows MS Mode to transition away from agents and handle sourcing in-house without increasing overhead.
“Connecting our trading partners on one global network with automated documents and workflows will improve communication from order through settlement,” said Linda Hoebe, CFO of MS Mode, which operates 413 stores throughout the Netherlands, France, Belgium, Luxembourg, Germany and Spain. “TradeCard allows us to handle sourcing in-house and manage by exception, reducing costs and minimizing errors. Access and connectivity through the platform allows us to eliminate letters of credit when sourcing from Bangladesh.”
It’s all relative on the global stage
Walmart president and CEO Mike Duke frequently asserts no other global retailer is better positioned than Walmart, and it is easy to see why he holds that view especially when compared with the situation at the world’s second largest retailer.
France’s Carrefour this week reported disappointing 2011 financial results and said it would curtail investment in new and existing stores while cutting its dividend in half to 0.52 Euros from 1.08 Euros. To put that decrease in perspective, recall last week that Walmart investors were underwhelmed when the company wasn’t more generous with its cash and said its 2012 annual payout would increase only 9% to $1.59.
Meanwhile, not only did Carrefour halve its dividend, investors were left staring at a string of other negative numbers as operating profit and net income also declined on sales that rose a meager 0.9% to 81.3 billion Euros. Carrefour’s biggest problem is its exposure to European markets that are slow growing even in the best of times. The company derives 72% of its sales from its home country of France and other European nation’s where 52% of its 3,582 stores are located.
Walmart may not be setting the world on fire in terms of exponential percentage increases over prior year figures, but compared to Carrefour’s woeful performance it looks mighty good.