News

Leroy Merlin deploys Pricer ESLs

BY Dan Berthiaume

Lille, France – French home improvement retailer Leroy Merlin, a banner of Adeo Group, will install Pricer’s electronic shelf label (ESL) system in all of its 121 stores by the end of 2015. Thirty -five store installations are planned for 2014 and the remainder during 2015.

The project value is estimated at more than $20 million. Leroy Merlin will roll out a mix of Pricer’s economical segment-based ESLs along with featured graphic E-Paper-based labels throughout its stores.

"This is probably the largest ESL project in France during the last two years and it is very demanding,” says Harald Bauer, Pricer’s acting CEO. “It requires us to deliver around four million ESLs in about 18 months. The project follows a challenging pilot where Leroy Merlin compared our solution with competitive systems."

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News

Nxt-ID to release biometric smart wallet

BY Dan Berthiaume

Shelton, Conn. – Nxt-ID Inc. intends to launch a smart wallet called Wocket. A biometrically secure smart wallet with a smart card that is immediately zeroized after each transaction, Wocket is designed to be useless to a thief.

Accessible only through a unique combination of voice, PIN or pattern, Wocket transactions are entirely separate from cell or smart phones. Virtually any card can be protected on the thin Wocket: up to 10,000 credit, debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency, medical, business, contacts, and coupons, records and up to 100 voice commands. Much smaller than a typical wallet, the standard Wocket will be 3.7”W x 2.75”L x .39”H. Nxt-ID plans to release Wocket on May 28.

“At a time when smartphones are stolen and hacked daily, consumers are concerned about having all their payment information and identity on their phone,” said Gino Pereira, CEO, Nxt-ID. “Wocket will evolve as the payment industry evolves and this is just the beginning of our MobileBio suite of products that include technologies for encryption of data to further reduce credit card fraud of the type recently experienced by Target. Future versions of Wocket will include a wider range of communication technologies, such as 4G and NFC, protected by our encryption technologies.”

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REAL ESTATE

Pita Grill leases LaGuardia Place shop in Greenwich Village

BY CSA STAFF

New York — Pita Grill has signed a 12-year lease for 2,700-sq. ft. in Greenwich Village at 496 LaGuardia Place between West Houston and Bleecker Streets. The space includes 1,350 sq. ft. on the ground floor and 1,350 sq. ft. on the lower level. The quick-service restaurant will be the chain’s ninth location since if first opened a few blocks away at West 4th Street in 1994.

Eastern Consolidated’s new retail leasing division represented both the landlord and the tenant in the transaction.

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