Multidev Technologies Announces New Store-Budgeting Functionality
Montreal-based Multidev Technologies Inc., principal provider of fully integrated business solutions for the retail industry, announced this week that it has released their new Store Budgeting functionality which is fully integrated within its leading retail-management solution, ChainDrive, offering its clients and perspective customers an added feature to its already robust system.
ChainDrive’s Store Budgeting features provide retailers the possibility to set sales objectives, view comparables and establish Key Performance Indicator (KPI) targets. This budgeting tool provides a platform that has the ability to set and monitor store objectives using real-time data as well as accumulates historical statistics allowing for immediate action for improved and meaningful results.
The Store Budgeting tool does much more than simply set sales targets; it allows the head office to control what data is visible to the store and produces the view that best represents its requirements for goal setting, reporting and analysis. It also provides the capability to manage stores by district, area or type and ranks them against any set target.
“We always strive to develop and enhance ChainDrive and recognize the importance of offering a solution that evolves and advances with the needs of the retailer in mind,” stated Mark Carter, executive VP of Multidev Technologies. With the addition of our new Store Budgeting functionality, our retail customers will truly benefit from a tool that clearly communicates their budget goals and objectives directly to the store level.”
Mattel wins injunction battle against MGA over Bratz licensing
NEW YORK Last night, U.S. District Judge Stephen Larson granted Mattel’s request for an injunction to stop MGA Entertainment from selling certain Bratz products.
“We believe the jury verdict was clear in denying 99% of Mattel’s copyright infringement claim and that issuing such a broad injunction is inconsistent with the limited jury verdict and the law,” said Isaac Larian, ceo of MGA. Larian added that “MGA intends to immediately appeal the injunction Mattel was granted.”
While the order does provide that it will be stayed until February 2009 while the Court considers additional legal briefing on post-trial issues, MGA will request that the stay be extended pending resolution of MGA’s appeal. “We will seek to stay enforcement of this Order until our appeal is resolved so we can maintain the over 1500 people that MGA employs, and continue to give our consumers a product they desire,” Larian stated.
Food, consumables drive BJ’s Nov. comps growth
NATICK, Mass. BJ’S reported that sales for the month of November 2008 increased by 5.2% to $783.2 million from $744.4 million for November 2007. Excluding gasoline sales, merchandise comparable club sales increased by 6.2% versus guidance of 2% to 3%. According to the company, the increase versus guidance was due primarily to stronger sales of food and consumables, particularly during week four.
November sales increased in all regions with the highest increase in Metro New York and the lowest increase in the Southeast region. Comparable-club sales increases were highest in week four and lowest in week three, reflecting a calendar shift in the timing of Thanksgiving.
Departments with the strongest sales increases versus last year included bakery, breakfast foods, computer equipment, dairy, deli, frozen, health & beauty aids, household chemicals, meat, oils, paper products, pet foods, prepared foods, produce, snacks, soda and trash bags. Weaker departments versus last year included apparel, cigarettes, electronics, jewelry, prerecorded video, seasonal, televisions, tires and toys.