OPERATIONS

Kronos Retail Labor Index reaches highest level since August 2008

BY Marianne Wilson

Chelmsford, Mass. — The ratio of retail hires to applicants has gone up to the highest number since August 2008, rising to 4.8% in October, according to the Kronos Retail Labor Index. (The Index is defined as the ratio of hires to applications within a given month, expressed as a percentage. A level of 3% means that for every 100 applications received, three hires occurred.)

“The increase in the RLI this month reflected a solid, 6.7% gain in hires while applications were essentially unchanged, in contrast to recent months when sharp declines in applications – not a surge in hiring – were pushing the Index higher,” said Chris Varvares, senior managing director and co-founder, Macroeconomic Advisers, which prepares the analysis and write-up. “Strong readings on retail sales in September likely boosted retailer confidence, contributing to the pick-up in October hiring.”

The retailers representing 18,362 distributed locations across the U.S. that make up the Kronos data sample made 35,160 hires (seasonally adjusted) in October 2012, up 6.7% from the previous month. This was the first increase in five months and put the number of hires in October 5.2% above its level one year ago.

The number of applications received by retailers included in the Kronos sample was little changed in October, edging down to 735,273 from an upwardly revised 736,524 in September 2012. Applications have been moving down from highs reached last year, and the level in October was nearly 200,000 below its level one year ago.

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SUPPLY CHAIN

JDA and RedPrairie to merge

BY Staff Writer

Atlanta — RedPrairie and JDA Software, providers of enterprise software and services for the extended supply chain, have entered into a definitive merger agreement. The combined entity will offer a broad portfolio of solutions and services to manage global supply chains — from raw materials, to finished products, into the hands of consumers — through any channel.

Under the terms of the merger agreement, entities affiliated with RedPrairie will effect a cash tender offer to acquire all outstanding shares of JDA common stock for $45 per share. The $45 per share offer price represents a 33% premium to JDA’s stock price on Oct. 26 – the day before market rumors surfaced stating JDA was exploring a sale. The board of directors of JDA has approved the transaction, which will create one of the largest global software companies with combined revenues of over $1 billion.

Following completion of the transaction, Hamish Brewer, president and CEO of JDA, is expected to lead the combined company as its CEO.

RedPrairie’s CEO, Michael Mayoras will remain on the board of the combined company.

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M.Donovan says:
Apr-12-2013 08:22 am

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these will be the best alternative for both... at least that is my personal opinion! web-page

M.Donovan says:
Apr-12-2013 08:22 am

these will be the best alternative for both... at least that is my personal opinion! web-page

P.Lopez says:
Apr-04-2013 06:51 pm

chatrandom
The board of directors of JDA has approved the transaction, which will create one of the largest global software companies with combined revenues of over. chatrandom

P.Lopez says:
Apr-04-2013 06:51 pm

The board of directors of JDA has approved the transaction, which will create one of the largest global software companies with combined revenues of over. chatrandom

D.Spencer says:
Mar-21-2013 07:46 pm

Mergers are some of the most
Mergers are some of the most advised movements of the moment. On a small scale, things follow a simple pattern. Why own the printer factory when you can also acquire the team that would maintain your printer? Integrated services are the leading trends of tomorrow.

D.Spencer says:
Mar-21-2013 07:46 pm

Mergers are some of the most advised movements of the moment. On a small scale, things follow a simple pattern. Why own the printer factory when you can also acquire the team that would maintain your printer? Integrated services are the leading trends of tomorrow.

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FINANCE

NRF asks judge to reject swipe-fee settlement

BY Marianne Wilson

Washington — The National Retail Federation and more than a dozen of the nation’s most prominent retailers today asked a judge to reject a proposed class-action settlement of a federal antitrust lawsuit, saying it would not bring credit card swipe fees charged by Visa and MasterCard under control and does not give retailers who oppose it an adequate mechanism to opt out.

“The proposal pending before the court does nothing to keep these soaring fees from continuing to drive prices higher for American consumers, and would block merchants who believe in true swipe fee reform from ever having their day in court,” NRF senior VP and general counsel Mallory Duncan said. “While the remaining parties would like to treat preliminary approval as a routine procedural step, the court should recognize that this settlement is so legally flawed it cannot be tweaked into fairness.”

“We question whose interests are being served here – merchants and their customers or the card companies and lawyers,” Duncan continued. “Instead of improving the situation, the proposed settlement would cast in stone the very problems that need to be fixed. And while the settlement gives pennies on the dollar to merchants, it seeks three-quarters of a billion dollars for the lawyers involved. Sophisticated retailers who have scrutinized the tentative deal realize it provides relief for no one, and don’t want this blatant endorsement of the credit card industry’s abuses pushed on them or their customers.”

Nine mostly small merchants supporting the settlement filed a motion with U.S. District Court Judge John Gleeson in Brooklyn, N.Y., on Oct. 19 asking for preliminary approval of the proposal, and oral arguments are scheduled for Nov. 9. Preliminary approval would begin a months-long process in which all retailers who accept Visa and MasterCard credit cards would be sent notices giving them the opportunity to either accept the settlement or opt out of part of it.

Arguments on the merits of the settlement and whether it should be given final approval would not begin until sometime next year. NRF argued in a brief filed Thursday that preliminary approval should be denied, saying the settlement cannot legally be certified as a class action because it attempts to force a one-size-fits-all solution onto a wildly diverse group of merchants.

NRF also argued that a provision barring all retailers – including those who opt out of the settlement and even those who do not yet exist – from filing future lawsuits over swipe fees is impermissibly broad under federal law.

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