FINANCE

New standard for retail payments

BY Staff Writer

New York City — A new global standard for retail payments designed to help exchange data between payment terminals and POS terminals and support new payment technologies has been released by the Association for Retail Technology Standards (ARTS) and EPASOrg, which sets card payment standards in Europe.

The standard, called the ARTS-EPAS Retailer Payment Protocol, was developed to accommodate changes in payment forms such as mobile payments, EMV (Europay, MasterCard and Visa) chips, contactless cards and prepaid instruments, according to Tim Hood, chief solution architect for retail, SAP, who made his remarks during a presentation at the National Retail Federation’s Annual Convention & Expo at the Jacob Javits Center in New York.

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REAL ESTATE

Peeps store opens at Mall of America

BY CSA STAFF

Bethlehem, Pa. — Peeps & Co., the retail division of candy-manufacturer Just Born, whose brands include Peeps and Mike and Ike, has opened a store at Mall of America, Bloomington, Minnesota.

The new Peeps & Co. is designed to offer a fun, energy-filled retail experience that features customized music, lights, interactive displays, as well as current and historic video about the company’s candy brands. The merchandise includes a mix of branded apparel, accessories and gifts.

Peeps’ first store opened at National Harbor, Md., in 2009. A third store will open this spring at The Shoppes Sands, located next to the Sands Casino Resort in Bethlehem, Pa.

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REAL ESTATE

Tag Heuer opens flagship in Aventura Mall

BY Staff Writer

Springfield, N.J. — Luxury watch maker Tag Heuer opened its second North American flagship boutique, an 800-sq.-ft. space in Aventura Mall, Aventura, Fla.

The store is designed as a "lifestyle lounge" and is adorned with Tag Heuer accessories that range from vintage stainless steel cufflinks to the brand’s technologically advanced eyewear and communication devices.

Designed by architect Eric Carlson, the Aventura boutique allows shoppers to immerse themselves in the brand’s 151-year legacy. Staying true to the brand, the overall aesthetic marries sophisticated glamour and timeless interior design with customized wall displays made of dark zebrawood, finely hand-brushed aluminum, glass and cream leather.

Contrary to customary watch displays, Tag Heuer’s vitrines boast a gallery-like feel with integrations carved into the architecture — showcasing the product at eye level — ensuring that customers can shop in an effortless and comfortable manner. The brand’s motor-racing legacy also has a strong presence highlighting such automotive-inspired collections as the legendary Monaco or sporty Formula 1 line. Feminine styles are also housed in niche displays of their own.

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