News

POS terminal numbers continue strong growth, despite smartphone popularity

BY Katherine Boccaccio

Franklin, Tenn. — The overall penetration of POS devices continued to expand 3.9% in North America and 4.6% around the globe in 2012, according to The POS Vendor Shipments Database, released Wednesday by IHL Group. Growth is expected to continue at 3.6% worldwide for 2013.

The report showed growth in all four major worldwide regions (North America, Europe/Middle East Africa, Latin/South America, and Asia/Pacific). The Asia/Pacific region led all regions in terms of growth, but even the economic challenges of most of the EMEA region did not completely squash growth, which came in at over 2% year over year.

"The market continues to grow as POS technologies rapidly change in individual segments,” said Greg Buzek, president of IHL Group. "Despite challenges from mobile devices and e-commerce growth, new store concepts and greater penetration of PC-based POS continue to offset those challenges as the point-of-sale remains the center of the customer interaction."

The POS Vendor Shipments Database tracks the shipments and installed base of PC-based point-of-sale devices by top 25 vendors and 13 different retail segments worldwide.

Other key findings of the research included the following:

• The big winner in the POS growth is Microsoft, whose operating systems already run on over 87% of the POS terminals shipped.

• HP is now the second largest supplier of POS Systems worldwide, rising from the #20 position just 10 years ago. Add to HP’s share standard PCs purchased and repurposed by small businesses for POS and the company would have the #1 position.

• The value of the North American POS Market topped $7.8 billion for the first time in 2012.

• Brazil, Mexico, China, India and certain Middle Eastern countries are driving POS adoption at the fastest clips.

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S.Hance says:
Mar-12-2013 03:44 am

Good to hear that in spite of
Good to hear that in spite of the growing technology there are still manual options like terminal numbers that stayed as of now. A lot of us forgets the manual and depends on the technology. - J. Kale Flagg

S.Hance says:
Mar-12-2013 03:44 am

Good to hear that in spite of the growing technology there are still manual options like terminal numbers that stayed as of now. A lot of us forgets the manual and depends on the technology. - J. Kale Flagg

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REAL ESTATE

Englewood Construction to launch four Midwestern projects

BY Katherine Boccaccio

Chicago — Englewood Construction announced Wednesday that its retail group has begun work on four new projects, including three in the Chicago market and one in Columbus, Ohio.

In late February, Englewood Construction began building its eighth American Girl store – a 12,832-sq.-ft. space in Easton Town Center, in Columbus, Ohio; another large project this year for Englewood is the 20,000-sq.-ft. prep work for a Saks Fifth Avenue store in the new Fashion Outlets of Chicago, a 530,000-sq.-ft. outlet center set to open Aug. 1 in Rosemont, Ill.

The company is also remodeling two Chicago locations for Trader Joe’s – a 15,000-sq.-ft. store at 1147 S. Wabash Ave. and a 4,500-sq.-ft. store at 1840 N. Clybourn Ave.

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FINANCE

J.C. Penney Q4 loss worse than expected; same-store sales fall 32%

BY Marianne Wilson

Plano, Texas — There were no signs of relief for J.C. Penney Co. in the fourth quarter as the company reported a wider-than-expected net loss of $552 million, compared with a loss of $87 million in the year-ago period. The chain did not issue guidance, but did announce it would open nearly 20 home-centered shops with different brand partners in 550 stores the spring.

Total sales for the quarter, which included $163 million of sales in the 53rd week, decreased 28.4 % to $3.88 billion. Analysts had expected $4.08 billion. Same- store sales, which exclude the 53rd week, declined 31.7%, below the consensus call of 26.9%. Online sales fell 34.4% to $315 million.

For the year, Penney reported a net loss of $985 million or $4.49 per share. Total sales declined 24.8% to $12.96 billion. Analysts had forecast sales of $13.18 billion compares with actual 2011 sales of $17.26 billion.

“Sales and customer traffic were below our expectations in 2012, but as we execute our ambitious transformation plan, we are pleased with the great strides we made to improve J.C. Penney`s cost structure, technology platforms and the overall customer experience,” stated Ron Johnson, president and CEO, J.C. Penney Co. “We have accomplished so much in the last twelve months. We believe the bold actions taken in 2012 will materially improve the company’s long-term growth and profitability."

Penney also gave more details into its ongoing store overhaul plans. In spring 2013, it plans to open close to 20 shops designated for home products in 505 stores with brand partners such as Michael Graves, Jonathan Adler and Sir Terence Conran, among others.

In addition to transforming the home area, the company will open nearly 700 Joe Fresh apparel shops on March 15, 2013 as it transforms nearly 11 million sq. ft. of retail space in the spring.

In addition, Penney will open 60 Sephora shops inside Penney stores, bringing the total to 446.

“Looking ahead, we are energized by our shop roll out plans for 2013 and the exciting work our teams are undertaking to transform the store,” Johnson said. “Combining a new marketing campaign focused on style and value, incredible new brands and updated merchandise, with continued enhancements to the customer experience both in our stores and on jcp.com, we are working towards reconnecting with our core customer while attracting new customers to J.C. Penney.”

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E.Ka says:
Mar-19-2013 07:55 pm

The serves as a lesson to the
The serves as a lesson to the company. Next time, you should first see the situation and have an environmental scanning. - Rich Von Alvensleben

E.Ka says:
Mar-19-2013 07:55 pm

The serves as a lesson to the company. Next time, you should first see the situation and have an environmental scanning. - Rich Von Alvensleben

J.Shaughness says:
Feb-28-2013 11:34 am

JCP Q4 results
Crash, burn, repeat. Rearranging the deck chairs on the Titanic.

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