OPERATIONS

RadioShack to be exclusive retailer for veterans’ mobile services

BY Marianne Wilson

Fort Worth, Texas — RadioShack is partnering with Defense Mobile Corp., a Connecticut-based veterans mobile service company to be the exclusive national retailer for Defense Mobile’s new nationwide 4G LTE mobile services.

RadioShack will begin offering Defense Mobile’s branch branded mobile services exclusively to the 51.6 million members of the U.S. military community, including those actively serving (including members of the Reserve and National Guard), veterans and their family members, planned for September.

Defense Mobile brands, including ARMYmobile, NAVYmobile, AIRFORCEmobile, MARINESmobile and COASTGUARDmobile, will be offered initially in 2,500 RadioShack stores, and all company locations by 2015.

"RadioShack stores are located in the heart of communities where veterans work and live,” stated Brendan Reilly, Defense Mobile, CEO. "We are excited that RadioShack is committed to our mission to connect and improve the lives of veterans."

Defense Mobile was built by veterans and is supported by a 100% veteran-staffed member service organization.

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News

BitPay becomes Demandware partner

BY Dan Berthiaume

Atlanta – Bitcoin digital currency platform provider BitPay has become a Demandware Link Technology Partner. Demandware’s clients will now be able to easily add bitcoin as a form of payment due to BitPay’s development of a pre-built integration between its payment processing services and the Demandware Commerce platform.

Demandware provides its clients with access to a set of pre-built integrations to commerce technologies that now includes Bitcoin payments through BitPay. With the pre-built integration, retailers can integrate BitPay quickly and cost-effectively.

Through BitPay, merchants can accept unlimited Bitcoin payments with no processing fees and receive settlements in Bitcoin or nine different fiat currencies. BitPay’s enterprise-grade API integrates into any payment system and gives businesses access to a worldwide customer base.

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FINANCE

Brown Shoe kicks up net income in Q2

BY Dan Berthiaume

St. Louis – Brown Shoe Company increased net income 17% to $18.1 million in the second quarter of fiscal 2014, from $15.4 million in the same period the prior year. Net sales rose 2% to $635.9 million from $621.7 million, while same-store sales at its primary Famous Footwear brand climbed 1.6%.

Brown Shoe credited back-to-school sales at Famous Footwear, supported by a strong omnichannel customer experience, as helping to drive second quarter results. Brown expects positive same-store sales growth at Famous Footwear in the third quarter.

“Our second quarter results reflect the health of both our retail and wholesale businesses, as we continue to benefit from, and expand on, our portfolio realignment efforts,” said Diane Sullivan, CEO, president and chairman of Brown Shoe Company. “At Famous Footwear, our focus on delivering a seamless omnichannel experience to our consumers helped kick off our back-to-school selling season. At our wholesale brands, our trend-right merchandise is resonating with both consumers and retailers.”

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