FINANCE

Guess Inc. profit plummets 44.7% in Q3

BY Katherine Boccaccio

Los Angeles — Guess Inc. reported Wednesday a profit of $36.6 million for the third quarter, down 44.7% from net earnings of $66.3 million in the same period last year.

Revenue fell 2.2% to $628.8 million, from $642.8 million in the prior-year quarter, but beating analysts’ expected $624.8 million in revenue. Retail sales in North America dipped 1.3% to $262.1 million. Same-store sales overall dropped 6%.

The company said economic pressures hurt consumer confidence in most of its markets.

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News

Kuapay launches mobile payment solution at KFC/Taco Bell locations

BY Katherine Boccaccio

Santa Monica, Calif. — Mobile payment platform provider Kuapay said Thursday it has launched a new payment system at 14 KFC/Taco Bell restaurants in the Los Angeles area.

Duapay and franchisee Great American Chicken Corp launched the system in order to make smartphone ordering and payment faster and easier. The launch follows a two-month pilot program and encompasses locations in Los Angeles County, Orange County and the Ontario area.

Kuapay’s platform incorporates coupons, reward cards and loyalty programs, as well as the ability to pay with all major credit cards directly from a smartphone. The new Kuapay system enables GACC’s Los Angeles-area locations to capitalize on the growing mobile payments trend.

"The mobile revolution has dramatically changed the way people shop and pay, and this new system from Kuapay enables us to eliminate barriers that limit customers to only certain types of payments," said Tony Frazier, COO for GACC. "Now, customers can pay however they’d like quickly and securely, which we expect will help us attract a younger demographic at our KFC restaurants and enhance the customer experience across all our locations."

In addition to enhancing the point of sale experience, GACC said it also aims to use Kuapay’s built-in mobile marketing program to attract new customers with targeted mobile promotions by offering Kuapay users a "spend $15, earn $3 back" loyalty program.

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steveustone says:
Mar-29-2013 05:54 pm

Whenever We Talk About
Whenever We Talk About Technology, The Smart Phones Are Playing Best Role In Supporting Us In Every Field Of Life. In Online Business, Payment Methods Are Very Important Issues Which Are Easily Solving By Mobile Payment Feature. I Am Running An Online Business Based On Multi Vendor Ecommerce, And Much Inspire From This Use Of Mobiles In Terms Of Business.

A.Charli says:
Mar-19-2013 10:41 am

Mobile Phones Are Playing A
Mobile Phones Are Playing A Big Role In Technology Field Now a Days. It Is A Revolutionized Factor Which Also Support Payment Through Mobile Phone Spy Software. You Can Get More Use Of Mobile Phones In Business Field By Sharing The Above Source.

A.Charli says:
Mar-19-2013 10:41 am

Mobile Phones Are Playing A Big Role In Technology Field Now a Days. It Is A Revolutionized Factor Which Also Support Payment Through Mobile Phone Spy Software. You Can Get More Use Of Mobile Phones In Business Field By Sharing The Above Source.

prakasharige says:
Mar-18-2013 01:23 pm

Smart Pay
I think this new payment system is very useful for smartphone users. Easy to order and easy to pay. Thanks to Kuapay. Fugu`s Sushi & Wok

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REAL ESTATE

Two new outlet projects to be developed

BY Katherine Boccaccio

Indianapolis — Simon Property Group Tanger Factory Outlet Centers announced Wednesday a joint venture to develop two new upscale outlet centers in Charlotte, N.C., and Columbus, Ohio.

The two companies said they will build a 350,000-sq.-ft. outlet center – branded Charlotte Premium Outlets — in Charlotte in a location previously announced by Tanger, eight miles southwest of uptown Charlotte. There is also the potential of a 50,000-sq.-ft. expansion from the first phase of the project. Opening is slated for spring 2014 and is expected to feature more than 90 upscale brand name and designer outlet stores.

Simon and Tanger also plan to build an approximately 350,000-sq.-ft. center in Columbus, branded Tanger Outlets. The center is planned to open in time for the 2014 holiday season. When completed, the center will be home to more than 90 upscale brand name and designer outlet stores.

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