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Delhaize implements Trintech solution toward process efficiency

BY CSA STAFF

Dallas — Finance solution-provider Trintech announced that international food retailer Delhaize Group has implemented its AssureNET GL software for financial process compliance.

AssureNET GL is a component of Trintech’s Unity platform, a suite of modular software that empowers companies to automate their Last Mile of Finance to increase efficiency, improve visibility, shorten cycle times, lower costs, and reduce risk.

"AssureNET GL allows Delhaize Belgium to have greater visibility and control over our financial statements across all companies in our scope,” said Laurent Carlier, financial accounting & control manager Delhaize Belgium. “This enhances our ability to ensure consistency and data quality, while reducing the work load associated with our monthly reconciliation work.”

Delhaize selected Trintech’s Unity AssureNET solution to increase control and visibility of the GL reconciliation and to improve efficiencies through automation.

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REAL ESTATE

Best Buy to open hundreds of Best Buy Mobile stores, shrink footprint of big-box outlets

BY CSA STAFF

Minneapolis — Best Buy Co. said Thursday that it plans to open hundreds of wireless device stores, as well as expand online and in China in an effort to be more competitive as consumers up their online shopping. The chain is also scaling back the size of its signature namesake format.

In an analyst conference Thursday, the retailer unveiled plans to shrink square footage at big-box stores by 10% over the next three to five years, a move that Best Buy said will eventually save $70 million to $80 million annually.

The company said it expects to have 600 to 800 Best Buy Mobile freestanding stores in the United States within five years, with some 200 expected to be operating by July. The mobile stores, whose average footprint is less than 2,000 sq. ft., have proven more profitable than traditional Best Buy stores because of the popularity of smartphones and sales of add-ons like phone plans and accessories.

Best Buy said it also plans to expand its online-only selection and aims to double its $2 billion in online revenue in three to five years.

However, "Physical retailing still matters," Brian Dunn, CEO, said. "It is an important part of our strategy, because service matters."

Best Buy sees China as another growth area and it is expanding its Five Star brand in that country, adding 400 to 500 stores in the next five years with the goal of doubling revenue in China to $4 billion within five years.

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C.Floz says:
Nov-30-2012 11:11 am

Online shopping is a big hit
Online shopping is a big hit nowadays. Even the giant Best Buy is cashing in with the new trend in shopping. It remains to be seen if the risk taken will be successful. - Markus Lattner

C.Floz says:
Nov-30-2012 11:11 am

Online shopping is a big hit nowadays. Even the giant Best Buy is cashing in with the new trend in shopping. It remains to be seen if the risk taken will be successful. - Markus Lattner

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News

Kraft looks to jolt Gevalia coffee sales with retail distribution

BY CSA STAFF

TARRYTOWN, N.Y. — Kraft Foods announced that its premium coffee brand, Gevalia, will be available for purchase in supermarkets, mass merchandisers and other retail outlets across the United States beginning in August.

"Gevalia is known and loved by millions who’ve purchased it online because it delivers on its promise of rich, smooth taste that’s never bitter," says Domenic Borrelli, VP U.S. Coffee. "We’re telling retailers the good news now. And, we’re confident the convenience of being able to purchase Gevalia in stores will attract and delight an entirely new audience of discriminating coffee lovers."

Kraft said the in-store selection will include traditional roast, traditional roast whole bean, house blend, house blend decaf, French roast, French roast whole bean, Colombia, and Espresso roast varieties of the Gevalia brand. The full line willcontinue to be available at Gevalia.com. Additionally, in June, three new extra-bold Gevalia T Disc selections will be available in stores for Kraft Foods’ Tassimo on-demand beverage system. And a limited-edition Kona blend T Disc variety will be available online.

"This is the right step for us in the U.S. premium category," added Borrelli. "Kraft Foods knows coffee – it’s in our DNA. By tapping into our global coffee pipeline, we’ll have more products and innovations to come. We intend to continue to win in the coffee category in the U.S."

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