OPERATIONS

Retail Concepts selects Opterus for operational productivity

BY CSA STAFF

Toronto — Web-based task management and store communications provider Opterus said that sporting goods retailer Retail Concepts has implemented Opterus Store Ops-Center.

According to Opterus, Retail Concepts, which operates stores under the Sun & Ski Sports banner, is looking to increase operational productivity by more than 20%.

“As we continue to grow, we need to centralize all communications to our stores in order to maximize efficiency. Store Ops-Center gives us an instant store portal that will allow us to manage all our communications to the stores and track our task compliance,” said Shelly Nixon, VP information technology, Retail Concepts.

Opterus is providing Retail Concepts with tools to improve operational efficiency through enhanced store communications and compliance monitoring of corporate objectives. Store Ops-Center is an on-demand, web-based retail portal designed to communicate corporate policy, day-to-day objectives and tasks, and handle issues between the corporate office and store locations, enabling rapid and accurate transfer of information to stores.

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News

Delhaize implements Trintech solution toward process efficiency

BY CSA STAFF

Dallas — Finance solution-provider Trintech announced that international food retailer Delhaize Group has implemented its AssureNET GL software for financial process compliance.

AssureNET GL is a component of Trintech’s Unity platform, a suite of modular software that empowers companies to automate their Last Mile of Finance to increase efficiency, improve visibility, shorten cycle times, lower costs, and reduce risk.

"AssureNET GL allows Delhaize Belgium to have greater visibility and control over our financial statements across all companies in our scope,” said Laurent Carlier, financial accounting & control manager Delhaize Belgium. “This enhances our ability to ensure consistency and data quality, while reducing the work load associated with our monthly reconciliation work.”

Delhaize selected Trintech’s Unity AssureNET solution to increase control and visibility of the GL reconciliation and to improve efficiencies through automation.

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REAL ESTATE

Best Buy to open hundreds of Best Buy Mobile stores, shrink footprint of big-box outlets

BY CSA STAFF

Minneapolis — Best Buy Co. said Thursday that it plans to open hundreds of wireless device stores, as well as expand online and in China in an effort to be more competitive as consumers up their online shopping. The chain is also scaling back the size of its signature namesake format.

In an analyst conference Thursday, the retailer unveiled plans to shrink square footage at big-box stores by 10% over the next three to five years, a move that Best Buy said will eventually save $70 million to $80 million annually.

The company said it expects to have 600 to 800 Best Buy Mobile freestanding stores in the United States within five years, with some 200 expected to be operating by July. The mobile stores, whose average footprint is less than 2,000 sq. ft., have proven more profitable than traditional Best Buy stores because of the popularity of smartphones and sales of add-ons like phone plans and accessories.

Best Buy said it also plans to expand its online-only selection and aims to double its $2 billion in online revenue in three to five years.

However, "Physical retailing still matters," Brian Dunn, CEO, said. "It is an important part of our strategy, because service matters."

Best Buy sees China as another growth area and it is expanding its Five Star brand in that country, adding 400 to 500 stores in the next five years with the goal of doubling revenue in China to $4 billion within five years.

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C.Floz says:
Nov-30-2012 11:11 am

Online shopping is a big hit
Online shopping is a big hit nowadays. Even the giant Best Buy is cashing in with the new trend in shopping. It remains to be seen if the risk taken will be successful. - Markus Lattner

C.Floz says:
Nov-30-2012 11:11 am

Online shopping is a big hit nowadays. Even the giant Best Buy is cashing in with the new trend in shopping. It remains to be seen if the risk taken will be successful. - Markus Lattner

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Consumer confidence is high. Is that reflected in your stores’ revenues?

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