Report: Amazon patents ‘anticipatory shipping’
Seattle – Amazon.com has reportedly obtained a patent for “anticipatory shipping,” or a logistics technique using customer behavior and history to prepare items for shipping before they are actually ordered. According to the Wall Street Journal, Amazon received the patent in December 2013.
Anticipatory shipping would consider factors such as product searches, wish lists, returns, and browsing patterns to predict what goods customers will ultimately order. The goods would then be held closer to where a customer lives to reduce shipping time once it is ordered. Amazon has not publicly stated when it will deploy anticipatory shipping, whether it has ever used the technique, or how much time would be shaved off the typical delivery.
Amazon told the Wall Street Journal anticipatory shipping might work especially well for items like newly released books and that it may recommend items that have already been partially shipped to customers. The patent filing said items that customers don’t wind up ordering may be sold at discount to other customers in the area or given free as promotional gifts.
ShopKeep POS unveils mobile device
ShopKeep POS has launched a handheld point of sale device that will use Griffin Olli hardware with the ShopKeep POS app. Called ShopKeep Mobile, it is designed for the iPod touch and features an encrypted credit card swiper and high-speed laser barcode scanner to ring up sales right from the showroom floor.
ShopKeep Mobile also comes with all the functionality of the ShopKeep POS app, including: a full suite of reports, inventory management, employee timekeeping, customer database, email receipts, and support for ticket and receipt printers.
“This is a complete handheld POS that is connected to the cloud. It’s everything you need to run your store in your pocket,” said founder and CEO Jason Richelson. “It also removes one of the worst parts of the retail experience for shoppers, which is waiting in line; and creates a more personal customer interaction by removing the counter as a barrier. This is groundbreaking technology that will bring the customer experience you get in the Apple store to small businesses everywhere.”
Jos. A. Bank rejects Men’s Wearhouse offer
Hampstead, Md. – The board of directors of Jos. A. Bank Clothiers, Inc. has officially rejected an unsolicited buyout offer from The Men’s Wearhouse. The offer, which expires March 28, 2014, is worth $57.50 per share, or about $1.6 billion.
Jos. A. Bank called the offer “inadequate and opportunistic” in announcing its rejection.
"Our board of directors firmly believes that the Men’s Wearhouse offer is inadequate and significantly undervalues Jos. A. Bank and its near- and long-term potential," said Robert N. Wildrick, chairman of Jos. A. Bank. "Our board and the company’s management team are committed to acting in the best interests of all of our stockholders, and continuing to deliver value for them. At this time, the company has a well-developed strategy in place to continue to increase revenue, substantially improve margins and deliver enhanced returns to stockholders. The Jos. A. Bank board strongly urges stockholders to reject the offer and not tender their shares."
Men’s Wearhouse responded to Jos A. Bank’s announcement on its website, and called for the creation of a special committee to review the offer and begin negotiations.
“We remain committed to this transaction and are prepared to immediately engage in good faith negotiations so we can deliver the compelling value of a combination of our companies to our respective shareholders,” the company said.