OPERATIONS

Starmount donates laptops for Retail ROI computer lab

BY Dan Berthiaume

Austin, Texas – Starmount has donated laptop computers to Retail ROI to help equip a computer lab at the Hogar de Niños Tía Tatiana School, an inner-city school in Herrera that’s located in an impoverished area in Santo Domingo, Dominican Republic. The laptops will be used to help replace outdated computers at the school, which serves more than 500 children.

The school’s computer lab provides kids with training in computer skills as well as various computer programming languages. RetailROI brings together retailers, analysts, technology vendors and many others to raise awareness and help provide solutions for orphaned and at-risk children around the globe.

Starmount is honored to partner with RetailROI on this initiative,” said Joe Halloum, CEO, Starmount. “The Hogar de Niños Tía Tatiana School provides kids with a safe haven and a chance for a better life. This donation can help create a better learning environment and help provide much-needed job skills. We look forward to continuing to support RetailROI in its mission.”

Since its founding six years ago, RetailROI has helped more than 110,000 orphaned and vulnerable children through education, computers, food and medical care. More than 94% of the funds have been used in direct support of charities that provide hands-on relief around the world for orphan care, adoption relief, foster care support, and to rescue children from human trafficking.

“Retail is the perfect vehicle for driving awareness and providing real solutions for vulnerable children around the world,” said Greg Buzek, donor trustee, RetailROI. “We appreciate Starmount’s support, and look forward to putting these laptops in the hands of the kids and their teachers.”

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FINANCE

Havertys Q3 sales rise 3%; plans four new stores

BY Dan Berthiaume

Atlanta – Havertys sales for the third quarter of fiscal 2014 increased 3% to $198.5 million, compared with $192.7 million for the third quarter of fiscal 2013. Same-store sales increased 3.5%.

Havertys plans to open four new stores by the end of the year. Clarence H. Smith, chairman, president and CEO of Havertys, said sales for the quarter did not meet expectations.

“Our delivered sales for the third quarter were not as strong as we planned,” said Smith. “As we reported midyear, supplier order fulfillment and sourcing of our case goods merchandise have been challenging. These issues resulted in lost business in this important category, especially of bedroom furniture, with case goods sales as a percentage of total sales off approximately 2% for both the quarter and the nine months. Our new and replenishment merchandise is arriving and stocking levels should be improving in the fourth quarter.”

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News

Luxury Jewelers Resources Group selects Raymark end-to-end solutions suite

BY Marianne Wilson

Montreal — Raymark said that select members of the Luxury Jewelers Resource Group (LJRG) have selected Raymark’s end-to-end suite of solutions for point-of-sale (including mobile), clienteling, merchandising, replenishment, open-to-buy planning, purchasing, repairs, reporting and analytics.

The Raymark banners include Fink’s Jewelers, Hamilton Jewelers, Hyde Park Jewelers, Lee Michaels Fine Jewelry, London Jewelers, Lux Bond & Green, Tapper’s Diamond & Fine Jewelry, Tivoli and Traditional Jewelers.

"Raymark targets and understands luxury retail. They are the best suited vendor in the market to offer us a full solution suite that supports a jeweler’s end-to-end business requirements," stated Tim Claire, COO of London Jewelers.

In addition to Raymark’s technology and industry expertise, LJRG’s final selection was very much based upon the cultural fit between the two organizations.

"Our partnership with Raymark is based on our shared values of integrity, trust and professionalism," confirms Lori Greenblatt, director of LJRG.

Raymark’s holistic and real-time solution will provide each LJRG select member with a 360o view of its customers and business operations across all channels, and manage and track inventory across stores and e-commerce. "

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