Isis releases new mobile wallet
New York — Isis, the mobile commerce joint venture created by AT&T Mobility, T-Mobile USA, Inc. and Verizon Wireless, today released the latest version of the Isis Mobile Wallet. The m-commerce app is now available to consumers for download in the Google Play app store and at thousands of AT&T, T-Mobile and Verizon Wireless retail stores nationwide.
The Isis Mobile Wallet allows customers to pay at contactless payment terminals, and to save money through special offers and loyalty cards at participating merchants from an Isis Ready smartphone. The Isis Mobile Wallet allows consumers to shop and pay using their mobile phone, by securely storing virtual versions of a customer’s participating credit or prepaid cards, as well as coupons and merchant loyalty cards. To use the Isis Mobile Wallet, customers select a payment card and tap their smartphone on the point-of-sale terminal.
The redesigned Isis Mobile Wallet features a simplified user interface with a clean, white background and easy-to-navigate toolbars. Integration with American Express Serve enables Isis Mobile Wallet users to load funds to their American Express Serve Account from a U.S. debit or credit card, bank account, or through direct deposit, as well as pay bills online and send money using an American Express Serve Account.
Customers with an Isis Ready smartphone available from AT&T, T-Mobile or Verizon Wireless can receive a free enhanced SIM card from their wireless carrier and download the Isis Mobile Wallet for free from Google Play. Customers who visit a carrier retail store to activate the Isis Mobile Wallet will receive hands-on support and education from store associates.
"Today’s nationwide launch of the Isis Mobile Wallet is a milestone for consumers, merchants and banks. It’s the start of a smarter way to pay," said Michael Abbott, CEO, Isis. "Together, with our partners, we’ve built a seamless mobile commerce experience. We’re pleased to bring the magic and simplicity of the Isis Mobile Wallet to consumers across the U.S."
Dillards reports net income, sales growth in Q3
Little Rock, Ark. – Dillard’s reported moderate growth in net income and sales during the third quarter of fiscal 2013. Compared to the same period a year earlier, net income increased 5% to $50.9 million from $48.5 million, while net sales climbed about 1% to $1.51 billion from $1.49 billion.
According to Dillard’s, sales trends were notably strong in ladies’ accessories and lingerie followed by shoes and ladies’ apparel, while sales were weakest in the home and furniture category. Sales trends were strongest in the central region, followed by the eastern and western regions, respectively.
During third quarter 2013, the company closed its Euclid Square Mall clearance location in Euclid, Ohio. Dillard’s also announced the upcoming closure of its University Mall location in Chapel Hill, N.C., and its Collin Creek location in Plano, Texas. Both locations are expected to close by the end of the fourth quarter.
On November 2, 2013, the company operated 282 Dillard’s locations and 17 clearance centers spanning 29 states and an Internet store.
Wal-Mart Q3 profit up but U.S. same-store sales down; cuts full-year outlook
Bentonville, Ark. – Wal-Mart Stores on Thursday posted a 2.8% increase in its third-quarter profit. But the chain cut its annual outlook for the second time in three months as its core shoppers continue to feel economic pressures.
"The retail environment, both in stores and online, remains competitive," In a pre-recorded conference call, Mike Duke, president and CEO of Wal-Mart Stores, said the retail environment, both online and in stores, remains competitive.
"At the same time,” he said, “some customers feel uncertainty about the economy, government, jobs stability and their need to take care of their families through the holidays. "
Wal-Mart earned $3.74 billion for the three-month period ended Oct. 31, compared with $3.64 billion in the year-ago period.
Net sales rose 1.6% to $114.88 billion, less than analysts expected. Overall, total sales increased 2.4% for U.S. stores, 1.1% at Sam’s Clubs and 2% at Wal-Mart’s international stores.
U.S. same-store sales dropped 3%, marking their third straight quarterly decline.
According to the Wall Street Journal, Wal-Mart expects upcoming food stamp cuts and a 2% payroll tax increase to negatively affect future same-store sales.
Wal-Mart cut its earnings per share guidance for the fourth quarter and full fiscal year 2013, due to factors including the planned closure of approximately 50 under-performing stores in Brazil and China, plans to independently own and operate the wholesale format in India, currency exchange rate fluctuations, a competitive holiday season, and a full-year effective tax rate that is expected to range between 31 and 33%.
In a statement with the earnings release, Duke still sounded optimistic in describing the company’s third quarter earnings growth and upcoming holiday season.
"Wal-Mart delivered solid earnings growth that was within our guidance range,” said Duke. “Our most important priority is growing top line sales, including same-store sales. Wal-Mart has aggressive plans to help our customers enjoy the holiday season, and there is no doubt that we plan to win for our customers and shareholders throughout the holidays."