Family Dollar deploying Checkpoint EAS technology to reduce shrink
Thorofare, N.J. — Checkpoint Systems announced that Family Dollar Stores has entered into a multi-year agreement that includes the deployment of Checkpoint’s electronic article surveillance solutions in all of its existing and future stores.
The rollout in the chain’s existing 7,900 stores is expected to be completed by December 2014.
For the past three years, Family Dollar and Checkpoint have been analyzing results in test stores across the nation. Based on the results, Family Dollar is installing Checkpoint’s Evolve P10 ECO solution, which is designed to reduce shrink and lower energy costs. (Evolve reduces energy consumption up to 75% over alternatives, according to Checkpoint.)
"We are encouraged by the success we have already experienced in our test stores, and I am confident that installing Checkpoint’s system in all our locations will deliver an immediate impact on our profitability by reducing our shrink and increasing sales," said Chris Nielsen, VP-loss prevention, Family Dollar.
Jos. A. Bank offers to acquire Men’s Wearhouse
New York – Jos. A. Bank Clothiers has put in an offer to acquire Men’s Wearhouse for about $2.3 billion in a $48 per share all-cash offer, Reuters reported.
The acquisition would create a men’s apparel powerhouse with over 1,700 stores across the nation. Jos. A. Bank said Men’s Wearhouse was reviewing the proposal, according to the report.
Jos. A. Bank is partnering with Golden Gate Capital on the offer. The investment firm would make a $250 million equity investment in the company.
In June Jos. A. Bank said it was considering strategic opportunities to enhance shareholder value, including acquisitions.
IBM: Mobile sales up 60% in Q3
New York — Online mobile sales were strong in the third quarter as mobile percentage of online sales increased more than 60% year-over-year. Led by strong gains in home goods and department store, mobile traffic for U. S. retail overall reached almost 32% in the quarter, up more than 50% while online retail sales overall grew close to 10%.
Those are some of the key findings of the IBM Retail Online Index, part of the cloud-based IBM Analytics Benchmark. The report is the only third quarter retail data available given the government shutdown, which has suspended the Census Department’s online survey collections.
Other findings Of the IBM survey include:
- Mobile percentage of sales were near 14%, a 60% increase over third quarter 2012.
- Online retail sales overall grew close to 10%.
- The Apple iPhone generated more online traffic than any other device at close to 12% of retail traffic.
- The iPad was a close second, generating 10.3% of traffic.