FINANCE

eBay’s PayPal acquires mobile app developer StackMob

BY Marianne Wilson

New York — PayPal, a division of eBay Inc. has acquired mobile app developer StackMobile. Experts say the purchase could strengthen eBay and subsidiary PayPal in enabling consumers to pay with mobile devices.

Terms of the deal were not disclosed.

StackMob launched in 2010 and offers a platform and development environment that lets developers build applications for any mobile device

“While projects underway at PayPal have already accelerated our ability to deliver great products to our customers, we believe that with the addition of the talented team from StackMob, we’ll move even faster in creating, testing and deploying products that aim to transform payments for customers around the world,” wrote James Barrese, chief technology officer at PayPal, on the company’s blog.

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News

Camper deploys TXT solution to support global growth

BY Dan Berthiaume

New York — TXT e-solutions, a leading provider of integrated and collaborative planning solutions, today announced that European footwear brand Camper, has successfully implemented TXT e-solutions’ integrated retail planning software to support its entire retail planning cycle as it continues to expand both online and internationally.

With over 300 own-brand Camper stores around the world and a wide range of shoes sold online and through 4,000 authorized points of sale in more than 50 different countries, the retailer needed integrated planning technology to support the increased complexity of merchandise, assortment, allocation and purchase planning across all products and geographies. Substantial growth in recent years and the rising importance of the retail channel led Camper to look for a solution vendor that could provide a combination of leading-edge technology and retail planning best practices.

“Previously, each buyer tended to work relying on different spreadsheets for planning,” said Sito Luis Salas, COO, Camper. “We chose TXT because they were quick to understand our needs and due to their expertise in the fashion and footwear industry. The ease of use of their technology perfectly suited our goal of achieving integrated planning in a multichannel, multi category and multi-country scenario.”

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OPERATIONS

Report: Massachusetts retail price scanners have 99.8% accuracy

BY Dan Berthiaume

Boston – Massachusetts retail price scanners reportedly operate at a 99.8% accuracy rate. According to the Associated Press, the Massachusetts Division of Standards checked scanners at 98 different stores of 50 retailers across a wide range of verticals and discovered five overcharges out of about 2,800 individual price scans.

The highest overcharge amount was $3.80. Overcharges were assessed by comparing price indicated by the scanner at checkout to the price marked on an item or at the shelf. Each retailer that had an overcharge was fined $100 per overcharge. Accuracy improved slightly from the 2012 scanner survey, which produced a 99.6% accuracy rate.

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