News

RPE taps JDA sofware applications for Vineyard Vines

BY CSA STAFF

Tampa, Fla. — Retail consultants RPE announced the successful implementation of retail applications from JDA Software Group at Vineyard Vines. The specific applications were chosen to quickly address concerns relative to inventory control, business intelligence/analysis and point-of-sale.

Vineyard Vines, a preppy brand of clothing with stores along the East Coast, was previously running their retail operations on a home grown application. The new systems includes JDA Merchandise Management System, JDA Merchandise Performance Analysis, JDA Win/DSS, and JDACustomer Relationship Management. The new footprint will be managed through RPE’s Software as a Service model.

"We needed a core system with the functionality and scalability to support our growing retail business," said Mike Gaumer, CEO, Vineyard Vines. "Factors we considered when choosing to work with RPE included their successful track record, industry credibility and proven JDA expertise."

RPE is a retail consulting firm specializing in business process improvement, package selection, strategic IT planning and systems implementation to deliver innovative merchandising and supply chain solutions.

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FINANCE

Alliance Data signs multi-year renewal agreement with Arhaus Furniture

BY CSA STAFF

Dallas — Alliance Data Systems Corporation, provider of loyalty and marketing solutions derived from transaction-rich data, announced it has signed a multi-year renewal agreement with Arhaus Furniture — a high-end retailer of quality, customizable home furnishings and accessories — to continue providing turnkey private label credit-card services for Arhaus’ retail locations.

Under terms of the agreement, Alliance Data will continue providing private label credit-card services, including account acquisition and activation, receivables funding, card authorization, private label credit-card issuance, statement generation, remittance processing, marketing services and customer service functions as part of the "Archarge" credit-card program. Program benefits include flexible financing options and online account management for Arhaus cardholders, as well as customized messaging in monthly billing statements.

"We look forward to continuing our 18-year partnership with Alliance Data, and truly value the private label credit-card services the company has provided to Arhaus through the Archarge credit-card program," said John Reed, CEO of Arhaus Furniture, which has 35 stores in 14 states, with plans for four additional locations in 2011. "With Alliance Data’s approach to customer service aligning nicely with our customer care philosophy, we’re able to deliver meaningful value to our customers through this card program. The Archarge program is an important extension of our brand — one that helps to ensure we’ll continue to be our customers’ retailer of choice when it comes to fine furniture and accessories."

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REAL ESTATE

George Smith Partners completes construction financing on retail center development

BY CSA STAFF

Los Angeles — Commercial real estate investment banking firm George Smith Partners, has completed a $17.2 million, two-phase, construction loan transaction in Oxnard, Calif., for Upside Investments.

“The construction loan will be used to pay off a land loan, demolish existing buildings, build and renovate retail buildings and complete horizontal construction for a pad to be occupied by Lowe’s Store,” according to Steve Bram, principal and managing director of George Smith Partners. Bram was assisted in the financing by David Pascale, senior VP.

Upside Investments purchased this mostly vacant and functionally obsolete property in 2007. Since then, it has been getting entitlements and negotiating leases, lease extensions and tenant relocations. The 16-acre Carriage Square retail center will now be partially demolished and redeveloped to contain 170,000 square feet of retail space.

The cornerstone of the newly renovated center will be the 138,000-sq.-ft. Lowes Home Improvement store, which will occupy subject to a 20-year ground lease. The remaining tenants are a mix of national chain restaurants and local tenants, including IHOP, 7-11, KFC and Kragen, which will be located on outparcels around Lowes.

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