FINANCE

Roundy’s Supermarkets, Balance Innovations win Retail Innovation Award

BY CSA STAFF

New York City Roundy’s Supermarkets and Balance Innovations have been chosen as the winners of the IBM Retail User Group’s 2010 Retail Innovation Award.

The companies received the award for Roundy’s successful implementation of Balance Innovations’ vbScout self-checkout management solution. Roundy’s installed vbScout to improve the balancing and monitoring of self-checkout units at 90 of its stores. vbScout uses real-time monitoring to provide the status of a self-checkout unit, allowing bookkeepers to save time by balancing the units less frequently and save money by stocking them with appropriate cash levels.

“It is a thrill and a privilege to have our project chosen as the innovation of the year,” said Brian Goedland, business solutions director for retail at Roundy’s, Milwaukee, which operates 154 stores in the Midwest. “vbScout has improved our front-end operations tremendously, and it is great to see the project recognized by the IBM Retail User Group.”

The Retail Innovation Award honors a technology solution that enhances the consumer experience, reduces the cost of doing business, speeds up processes, and provides a competitive advantage. The winner of the award is selected by the retail members of the IBM Retail User Group at its annual conference, held this year in San Antonio.

This marks the second time Balance Innovations has won the award since its inception in 2007. The company won the award in that year for its VeriBalance solution.

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Target among top brands

BY CSA STAFF

Target landed at number 62 on the fifth annual BrandZ Top 100 Most Valuable Global Brands report from Millward Brown Optimor, an operating company of WPP. When the list of 100 is filtered to isolate retailers only, Target ranked fifth behind top-ranked Walmart, Amazon, Tesco and Carrefour. After Target, other retailers rounding out the top 10 included Ebay, Home Depot, Aldi, Auchan and Lowe’s.

“The BrandZ Top 100 is the only ranking based on a brand valuation methodology that is grounded in both quantitative customer research and in-depth financial analysis,” according to the report. The firm says the ranking is exceptionally robust due to the fact that, in addition to publicly available financial data, it draws from WPP’s unique BrandZ data base.”

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Kanakaredes helps Hanes fight breast cancer

BY CSA STAFF

WINSTON-SALEM, N.C. Hanes announced that for the second year, it will offer a special “pink collection” of panties, bras, socks, and graphic tees — including three t-shirts exclusively designed by Melina Kanakaredes, to help raise breast cancer awareness. Select items from the The Hanes “pink collection” have already begun rolling out in stores, including Hanes socks available at Walmart, the company reported. This fall, the entire collection including Kanakaredes’ tees will be available on Hanes.com and in select stores.

“I am thrilled to join Hanes and Susan G. Komen for the Cure to raise funds and awareness about breast cancer,” Kanakaredes said.  “Like so many, I have been affected by the disease through the loss of family members and dear friends.  I was inspired to join this fight to celebrate survivors and to honor the memory of those we have lost, and it is my sincere hope that my inspiration is evident in the Hanes t-shirts I have designed.”

 

Kanakeredes will also be featured in a series of Susan G. Komen for the Cure public service announcements dedicated to breast cancer awareness.  Starting in October for National Breast Cancer Awareness Month, Kanakaredes will support the cause in a new Hanes print advertising campaign created by The Martin Agency of Richmond, Va.

Hanes announced that it has also been named the official t-shirt of the Susan G. Komen Race for the Cure Series. Hanes t-shirts will be provided to the 1.5 million people expected to participate in the race series. In addition, the company will serve as the official apparel sponsor of Passionately Pink for the Cure, a fundraising program created by Komen to inspire breast cancer advocacy and honor those affected by the disease. 

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