Indonesian retailer selects RedPrairie execution management solution
Milwaukee Indonesian department store chain Centro Lifestyle Department Stores, part of the PT Tozy Sentosa Store Group, has selected RedPrairie’s execution management solution to enhance on-time sales initiative execution and communication between corporate offices and stores.
“We originally came to RedPrairie based on the global reputation of their execution management solution,” said Herman Darmawan, CIO of PT Tozy Sentosa. “We were encouraged with their company’s local Southeast Asian presence, in addition to their understanding of the trials we face in our business every day.”
PT Tozy Sentosa plans to roll out execution management in the company’s five large department stores in the coming months.
Tempting offer attracts wrong shoppers
Several years worth of significant price deflation had already put flat panel televisions within the reach of most consumers, and, this week, Target removed another potential barrier with the introduction of a limited-duration 0% financing offer. Shoppers have one week to sign up for Target’s REDcard and pay no interest until September on the purchase of television’s larger than 32 inches. The offer was featured on the cover of this week’s circular, and the company distributed a press release announcing the promotion. Historically low-interest rates make it easy for retailers to offer “same as cash” type financing offers, but you have to wonder about the credit quality of the customers who respond to such incentives, considering a 42-inch LCD can now be had for less than $500. It may not be a very scientific way of evaluating risk, but chances are if an individual’s cash flow is such that they can’t swing the purchase of budget priced flat panel outright they might not be a good addition to Target’s credit portfolio.
Best Buy helps teens donate $1 million
Best Buy announced that teens participating in its @15 Exchange distributed $1 million to 16 nonprofits in the program’s first year. The Best Buy initiative empowers teens to be the drivers of change by giving them the opportunity to direct the company’s charitable donations through online activities and voting.
“The overwhelming response to the @15 Exchange demonstrates that teens are motivated by opportunities that allow their voices to be heard,” said Brian Dunn, CEO of Best Buy. “Best Buy is thrilled with the efforts of the nonprofit partners to bring the @15 mission to life and empower teens to use these diverse and powerful voices for social good.