RadioShack and IBM’s Smarter Commerce team to drive sales
Orlando, Fla. — IBM announced Thursday at its Smarter Commerce Global Summit that RadioShack Corp. is working with IBM’s cloud-based solutions to improve price image and pricing operations over the entire pricing lifecycle.
The solutions being used by RadioShack are part of IBM’s cloud-based merchandising analytics software and services, which help companies define the optimal price points and product mix based on customer buying trends.
According to IBM, RadioShack has extended its right to use IBM’s cloud-based business marketing software and services. Tapping into IBM’s Smarter Commerce initiative, RadioShack will look to grow key categories by incorporating shopper-focused strategies that are localized to each of its 4,700 stores.
IBM’s Smarter Commerce initiative features software and services that help companies transform their business processes to more quickly respond to shifting customer demands in today’s digitally transformed marketplace. The initiative is driven by CMOs and organizations that are increasingly looking for ways to bring new levels of automation to marketing, sales and fulfillment to secure greater customer loyalty.
Walgreen August sales decline, loses key Express customer
Deerfield, Ill. — Walgreen Co. reported Thursday that same-store sales for the month of August slid 8.2%. The report came on the heels of Wednesday’s announcement that Tricare would not reinstate the drug retailer into the pharmacies approved to fill prescriptions.
Tricare, which provides medical benefits for U.S. military members and their families, said on its website that it will continue to keep Walgreen out of its pharmacy network, despite the July resolution between Walgreen and Express Scripts Holding Co., the company that processes prescriptions for Tricare. Express Scripts and Walgreen will resume doing business on Sept. 15, but Tricare’s announcement has analysts questioning how many Express Scripts clients will allow Walgreen’s back into their networks.
Toys’R’Us looks to scare up sales with new ‘boo’tiques
WAYNE, N.J. — Halloween has arrived at Toys"R"Us. The retailer has launched Trick“R”Treat “boo”tiques in its stores nationwide and online. The designated shops will feature the usual assortment along with an all-new, affordable line of classic Halloween fashions for infants, toddlers and big kids called Boo!, available exclusively at Toys“R”Us stores nationwide.
THe Boo! line will include bumble bee, monster, pumpkin and other popular customes ranging in price from $14.99 to $29.99.
“At Toys“R”Us, we love to celebrate Halloween and to offer a fun, frightful and fanciful selection of costumes that kids will be so happy to show off with family and friends,” said Lisa Harnisch, SVP, general merchandise manager for Toys“R”Us, U.S. “We’re excited to introduce the Boo! label, providing affordable and classic costumes, from cuddly animals for infants to cute – and spooky – looks for older kids that reflect the continued popularity of traditional Halloween styles, while helping parents stay on budget.”
Now through Oct. 31, customers who prefer to shop from the comfort of their own home can visit Toysrus.com/Halloween, an online hub showcasing an extensive assortment of costumes, accessories, decorations, themed merchandise and more. In addition to Halloween products, kids – and parents – will enjoy even more engaging content, including downloadable activity pages and wicked wallpapers, online games like Mummy’s Mashup and Shadowy Shuffle!, and two fashion show videos that shine a spotlight on this season’s hottest costumes.