FINANCE

Pilgrim Furniture City expands partnership with TD Retail Card Services

BY Staff Writer

Mahwah, N.J. — Connecticut retailer Pilgrim Furniture City has expanded its relationship with TD Retail Card Services, moving from the company’s Renovate Card program to a branded private label card created specifically for Pilgrim customers.

Under the agreement, the Mahwah, N.J-based business unit of TD Bank, N.A., will direct all facets of the branded program for Pilgrim, which has locations in Southington, Manchester, Danbury and Milford (all in Connecticut). The new Pilgrim Furniture City credit card will offer consumers a full menu of deferred interest and equal pay programs.

In 2011, Pilgrim expanded its payment options by joining TD Retail Card Services’ Renovate program, a revolving charge card for independent home furnishings retailers that provides many of the important advantages of a private label card to companies with single or multiple locations. Renovate cardholders will still be able to use their card in Pilgrim’s stores, but will be offered the opportunity to apply for the branded program. The company signed up for Renovate and, now, the branded card through its membership in Furniture First, a home furnishings and mattress purchasing cooperative that named TD Retail Card Services a preferred provider for its members in 2011. The group today includes 182 retail furniture dealers operating 395 locations nationwide.

“Based on the excellent customer service with the Renovate program, it was only natural to upgrade to the branded card,” said Michael Albert, president of Pilgrim Furniture City.

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OPERATIONS

PwC: Pervasive computing tops list of top 10 technology trends

BY Marianne Wilson

New York — Pervasive computing, the ability to digitally engage and interact (via your mobile devices) with enabled objects around you, ranks among the top technology trend that will impact businesses this year, according to PwC’s just released “2013 Top 10 Technology Trends for Business” report.

"Our top trends report shows that a diverse and complex set of technologies are emerging, which CIOs and the C-suite need to embrace and incorporate into their business from strategy through execution," said Chris Curran, a PwC principal and chief technologist for the U.S. firm’s Advisory practice. "Collaboration within organizations will be crucial to business success as each of the technologies has the potential to be a key driver in an organization’s business agenda."

According to PwC, 10 significant trends will impact businesses this year:

1. Pervasive computing: The ability to digitally engage and interact (via your mobile devices) with enabled objects around you.

2. Cyber security: Continues to be a pressing issue, as technology enabled processes increasingly underpin and fuel the global economy.

3. Big data mining & analysis: More than managing dizzying amounts of data faster and cheaper; it is about making better business decisions.

4. Private cloud: Due to security and regulatory concerns, larger enterprises have been primarily operating in a trial mode of private/hybrid clouds and this will change in 2013. Consumers of IT are demanding greater value from IT services.

5. Enterprise social networking: Becoming a core tool for the new social workforce; the key insight for organizations succeeding in building value from this technology is social business processes redesign.

6. Digital delivery of products & services: Customers are driving companies of all shapes and sizes to develop new, technology-based ways of delivering value. Digital delivery of products and services can open tremendous new pathways for growth, but companies must shift their underlying business operations to support this new business model.

7. Public cloud infrastructure: Cloud adoption will continue to mature with hybrid cloud architecture becoming the mainstay as companies of all sizes leverage public cloud services.

8. Data visualization: Leading edge companies will explore dynamic virtualization techniques and advanced display devices to navigate through multiple dimensions of data.

9. Simulation & scenario modeling: Organizations are increasingly focusing on simulation models that enable executives to envision the potential impact of their choices before making investments.

10. Gamification: With its combination of game mechanics, social networking, interactive media and behavioral analytics, gamification can transform a business.

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Mar-22-2013 09:10 pm

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Mar-22-2013 09:10 pm

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FINANCE

Safeway rises on speculation of buyout interest

BY Staff Writer

New York — Shares of Safeway Inc. shares rose as much as 9% on Wednesday on rumors of increased buyout interest for its Canada operations by Canadian grocer Metro Inc. and Loblaw Companies Ltd.

On Tuesday, Metro announced it was selling off nearly half its stake in Couche-Tard Inc. for $482 million.

In December, Loblaw announced plans to spin off the vast majority of its property assets into a real estate investment trust.

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