REAL ESTATE

PPR to expand Christopher Kane brand and open boutiques

BY Katherine Boccaccio

Paris — French luxury group PPR’s Tuesday announcement that it has acquired 51% of British fashion brand Christopher Kane means that the luxury designer will soon have branded boutiques. The first is slated to open in London as early as 2014.

According to a report by Reuters, the deal is part of PPR’s strategy to add to its luxury portfolio with small brands that have growth potential.

"We think it can become a sizeable business," Alexis Babeau, managing director of PPR’s luxury division, told Reuters on Tuesday.

PPR also owns French fashion brands Balenciaga and Yves Saint Laurent as well as Italian labels Bottega Veneta and Gucci.

Babeau said that the London opening will be followed by a planned network of shops.

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Weis Markets selects Profitect’s cloud-based solution

BY Katherine Boccaccio

Waltham, Mass. — Profitect announced Monday that Weis Markets has selected its cloud-based Profit Amplification solution, a pattern-seeking predictive analytics tool, for deployment throughout the chain.

Weis Markets will initially deploy the Point of Sale and Inventory modules of the Profitect suite.

Profitect’s cloud offering was selected by Weis Markets “to provide a single, integrated solution, which could transform our teams and stores processes,” said Scott Frost, CFO, Weis Markets. “The ability to quickly impact the top and bottom line and make more informed decisions is a critical component of our strategy to exceed the expectations of our customers.”

After a detailed evaluation of competing industry solutions, Weis selected Profitect’s innovative Profit Amplification modules. “We needed a predictive analytics solution that could identify traditional asset protection challenges, but more importantly, improve the customer experience by reducing out-of-stocks and improving efficiencies in a proactive manner. Thus, reducing the overall cost to our business while increasing profits across the entire enterprise,” said Mike Limauro, VP asset protection, Weis Markets.

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Day 2 of BIG Show kicks off with goodwill headliners

BY Katherine Boccaccio

New York — Monday launched with heavily attended keynote addresses at the National Retail Federation’s 102nd BIG Show at the Jacob Javits Center in New York City.

Former United Nations secretary-general Kofi Annan shared his views about the state of world politics, joined by moderator and Macy’s CEO Terry Lundgren, who also is the outgoing chairman of the NRF.

The CEOs of Starbucks, Whole Foods Market and The Container Store followed with a presentation entitled “Conscious Leadership: A Call to Action for the Retail Industry and Beyond.” Howard Schultz, Walter Robb and Kip Tindell – all known for their good works and strong stands on the environment – were united in their proposal that today’s business leaders broaden their areas of responsibility.

On tap for Tuesday are keynote sessions by Wal-Mart U.S. CEO Bill Simon, discussing retail’s role in an American renewal process, and a keynote focus on the digital arena, handled by Thomas Belk, CEO of Belk, Susan Jurevics, SVP for Sony and Deloitte’s Alison Paul.

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