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Google checks out on Checkout

BY Staff Writer

Menlo Park, Calif. – Google will close down its Google Checkout online payment service for good in November of this year. The online service and technology provider says the move is part of a broader transition to its Google Wallet multichannel commerce platform.

Until Nov. 20, retailers can continue accepting payments via Google Checkout. After that time, they will have to transition to a different solution. Retailers with their own online payment processing capability will be able to apply for the Google Wallet Instant Buy service, and others can take advantage of discounted integrations to Braintree, Shopify or Freshbooks services if they choose. Developers will be supported and automatically transitioned to the Google Wallet Merchant Center.

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Tabbedout wines and dines with Google Wallet

BY CSA STAFF

AUSTIN, Texas — Tabbedout has teamed up with Google to offer Google Wallet as a payment source in the Tabbedout app for Android. Consumers will now have the opportunity to pay from their smartphones, using their Google accounts, at thousands of Tabbedout locations.

As incentive for customers to give it a shot, the companies are offering for a limited time $7 off the next tab of any user who pays with Google Wallet in the Tabbedout app. The discount will be stored in their digital wallets automatically and will be instantly redeemed as soon as they use Google Wallet again on their Tabbedout app.

Tabbedout provides an application that makes payment of restaurant and bar tabs secure and quick. Through deep integrations with point-of-sale systems in more than 10,000 locations nationwide, Tabbedout is expanding its footprint among merchants and consumers.

Google Wallet is a virtual wallet that stores a user’s payment information securely and makes paying fast both in-store and online, including via mobile devices and apps. Thus far, Google Wallet can be used at a number of retailers, which include Toys “R” Us, Famous Footwear, OfficeMax, Sports Authority, CVS, Home Depot, Meijer, RadioShack and Walgreens.

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Saks Q1 sales increase, net income drops

BY Staff Writer

New York – Saks Incorporated reported a roughly 5% increase in total sales between first quarter 2012 and first quarter 2013, although net income dropped during that same time period. Total sales for the first quarter of this year were $793.2 million, up from $753.6 million in the first quarter of last year. However, net income of $20 million for first quarter 2013 was down close to 40% from $32.7 million for first quarter 2012. Same store sales increased 5.9%.

Saks chairman and CEO Steven I. Sadove said women’s contemporary and advanced designer apparel; dresses; women’s shoes; handbags; children’s apparel; and men’s accessories, shoes, and contemporary apparel all showed sales strength in the quarter. However, he said expenses related to omni-channel operations and a technology initiative called Project Evolution impacted net income performance.

“We are making strategic long-term investments in infrastructure and technology (Project Evolution) that will enable us to further enhance our omni-channel capabilities,” said Sadove. “These investments will continue to place pressure on our near-term profitability; however, we are taking the right actions and a long-term approach to the business. We are positioning our company for future revenue and earnings growth.”

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