DSW opens new Massachusetts store
Columbus, Ohio – Footwear/accessories retailer DSW Inc. opened a new store in Braintree, Mass., on May 18. The new store is located at 250 Granite Street.
DSW currently operates 377 stores in 42 states, the District of Columbia and Puerto Rico.
Family Dollar recognizes Trade Area Systems
Matthews, N.C. – Family Dollar presented its annual Strategic IT Partner of the Year award to Trade Area Systems at its IT Strategic Partner last month. In September 2012, Family Dollar implemented the Trade Area Systems TAS Unity solution to give real estate managers mobile access to a database of real estate photos, comments and other relevant data.
“In retail real estate, having visibility to the latest data and information is critical for our management teams,” said Brian Strickland, divisional VP of portfolio management at Family Dollar. “Through the implementation of TAS Unity, we have been able to improve visibility for the real estate management team and enhance collaboration between internal teams.”
Regulation leads public retailer risks
Chicago – Almost all of the top 100 public retailers (97%) consider federal, state and local regulations as a risk factor, according to a new analysis of 10K filings from the largest 100 U.S. public retailers by BDO, LLP. Only general economic conditions (100%) was cited by more retailers, and this marks the highest percentage of public retailers citing regulations as a risk in the seven years BDO has been performing this analysis.
Other top concerns listed in the “BDO RiskFactor Report for Retail Businesses” include U.S. and foreign vendor/supplier concerns (95%), competition and consolidation in the retail sector (94%), implementation and maintenance of IT systems (89%) and labor (86%).
Doug Hart, partner in the Retail and Consumer Products practice at BDO USA, LLP, said that data protection has become critical considering how much sensitive information retailers collect through numerous touchpoints. “The increasing reliance on cloud computing solutions to process and store this data adds another dimension to this security and privacy risk,” said Hart.