News

QuantiSense acquired by Epicor

BY CSA STAFF

Epicor Software Corp. has agreed to acquire privately held QuantiSense, Inc., a provider of cloud and on-premises packaged analytic solutions for the retail industry. The acquisition of QuantiSense, expected to close by Oct. 31, 2014, will add QuantiSense business intelligence and advanced retail analytics offerings to the Epicor Retail solutions portfolio, helping empower users to leverage enterprise-wide data as actionable insights to optimize all aspects of their operations, from the supply chain through to multi-channel points of purchase.

QuantiSense delivers analytic solutions targeted to key retail business users including buyers, planners, marketers, auditors, store and regional managers, and corporate executives. QuantiSense customers include a number of global retail brands such as Hallmark Cards, Men’s Warehouse, Restoration Hardware, and Urban Outfitters. QuantiSense is already successfully working with many of Epicor’s largest retailers including Michael Kors, Carters, FGL Sports, Nexcom, and Reitmans.

Following the closing of the acquisition, QuantiSense founder and CEO Jeff Buck and co-founder and CTO Juan Pereira are expected to join Epicor Retail to lead the company’s retail analytics and Big Data initiatives. Buck and Pereira each have more than 20 years of experience in the advanced analytics market applied to the retail industry, including several years with retail data analytics platform company MicroStrategy.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

Staples investigating possible data breach

BY Dan Berthiaume

Framingham, Mass. Staples Inc. is investigating a possible breach of payment card data. According to security blogger Brian Krebs, sources at several East Coast-based banks say it is likely that criminals gained access to customer card data at a group of Northeastern Staples stores including seven stores in Pennsylvania, at least three in New York City, and one in New Jersey.

“Staples is in the process of investigating a potential issue involving credit card data and has contacted law enforcement," company spokesman Mark Cautela said in a statement. “We take the protection of customer information very seriously, and are working to resolve the situation."

According to Krebs, the banks are tracking fraudulent charges from cards held by Staples customers at other businesses, which indicates thieves may have used malware to steal card data and copy it onto phony duplicate cards.

“If Staples discovers an issue, it is important to note that customers are not responsible for any fraudulent activity on their credit cards that is reported on a timely basis," Cautela said.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

American Express: Holiday shopping on smartphones and tablets up 53% in two years

BY Marianne Wilson

New York — Using smartphones and tablets to shop for the holidays has grown by 53% since 2012, and is expected to play a big role in decision making and actual purchases this year, according to the American Express Spending & Saver Tracker. The report finds the average American consumer is back to holiday spending at 2012 levels, and will plan to shell out $842 this year (vs. $1,260 in 2013 and $848 in 2012).

Consumers saying they will use their gadgets to:

Make purchases (+ 46% since 2013)

Access deals through a mobile app (+ 46% since 2013)

Visit different websites to compare prices (+23% since 2013)

Browse for gift ideas (+8% since 2013)

Make purchases (+ 46% since 2013)

Access deals through a mobile app (+ 46% since 2013)

Visit different websites to compare prices (+23% since 2013)

Browse for gift ideas (+8% since 2013)

The report cautions that retailers may see a slower-than-normal Thanksgiving week, as less than half of Americans plan to shop Black Friday (48% vs. 52% in 2013), and even fewer say they will shop Cyber Monday (46% vs. 55% in 2013), dropping for the first time since 2010.


However, more than a quarter of shoppers report they started holiday shopping before October (on par with 2013). And 60% will continue shopping in the final stretch from December 15 – December 24 (vs. 58% in 2013), including 7% who expect to shop on Christmas Eve (vs. 4% in 2013).

Gift lists overall are getting shorter as Americans say they will buy presents for fewer people in their lives this year (average of eight vs. nine in 2013). And though down from last year, gift cards are still the most popular present (55% vs. 61% in 2013). After gift cards, the top gifts this year are clothing and accessories, toys and games, electronics and music.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...