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Macy’s offers digital wallet option

BY Dan Berthiaume

New York – Macy’s Inc. has begun offering customers a digital wallet application called My Wallet. Available via mobile Web browser or the Macy’s mobile app, My Wallet automatically gives customers access to any credit cards already stored on their Macys.com account, according to the retailer’s MyWallet Web page. It also lets them add up to 10 new credit cards, including third-party cards, although it does not allow gift cards to be stored.

My Wallet also automatically adds and stores Macy’s Star Pass rewards certificates earned by members of the Macy’s loyalty program. In addition, users can select and save certain offers from the deals and promotions page of the Macys.com site to the digital wallet. Customers are automatically notified of eligible deals from their digital wallet when making in-person or online purchases, although only one offer can be used per transaction. There are no extra fees for signing up or using My Wallet.

Users are automatically logged out if the wallet hasn’t been used for 30 minutes, and a matching Macys.com username and password are required to log in. MyWallet is part of a $1 billion technology and infrastructure overhaul Macy’s has promised to execute.

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BitPay becomes Demandware partner

BY Dan Berthiaume

Atlanta – Bitcoin digital currency platform provider BitPay has become a Demandware Link Technology Partner. Demandware’s clients will now be able to easily add bitcoin as a form of payment due to BitPay’s development of a pre-built integration between its payment processing services and the Demandware Commerce platform.

Demandware provides its clients with access to a set of pre-built integrations to commerce technologies that now includes Bitcoin payments through BitPay. With the pre-built integration, retailers can integrate BitPay quickly and cost-effectively.

Through BitPay, merchants can accept unlimited Bitcoin payments with no processing fees and receive settlements in Bitcoin or nine different fiat currencies. BitPay’s enterprise-grade API integrates into any payment system and gives businesses access to a worldwide customer base.

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Brown Shoe kicks up net income in Q2

BY Dan Berthiaume

St. Louis – Brown Shoe Company increased net income 17% to $18.1 million in the second quarter of fiscal 2014, from $15.4 million in the same period the prior year. Net sales rose 2% to $635.9 million from $621.7 million, while same-store sales at its primary Famous Footwear brand climbed 1.6%.

Brown Shoe credited back-to-school sales at Famous Footwear, supported by a strong omnichannel customer experience, as helping to drive second quarter results. Brown expects positive same-store sales growth at Famous Footwear in the third quarter.

“Our second quarter results reflect the health of both our retail and wholesale businesses, as we continue to benefit from, and expand on, our portfolio realignment efforts,” said Diane Sullivan, CEO, president and chairman of Brown Shoe Company. “At Famous Footwear, our focus on delivering a seamless omnichannel experience to our consumers helped kick off our back-to-school selling season. At our wholesale brands, our trend-right merchandise is resonating with both consumers and retailers.”

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