News

Study: Four-in-10 retailers will use Apple Pay, analytics in 2015

BY Dan Berthiaume

Franklin, Tenn. – About four- in-10 retailers plans on using both Apple Pay (43%) and predictive analytics (42%) by the end of 2015. According to a new study from IHL Group, “Retail 2018 – Retail Transformed,” things are looking up for both store growth and IT spend.

The study also shows that distributed order management is becoming an important retail IT trend. For example, more than 70% of specialty stores say their next POS software system will be based on an architecture of a distributed order management system hub as the core.

Beacons are also poised for dramatic growth. Only 2% of retailers are currently using beacons, but 24% expect to have beacons in some stores in 2015.

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A.Hartung says:
Feb-07-2015 07:41 pm

Beacon adoption big win for Apple investors

As a leader in beacons, and having the largest developer community creating solutions for using beacons, and the leader in handsets that efficiently connect with beacons and provide mobile pay Apple is incredibly well positioned to generate tremendous sales and profits from this trend.

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OPERATIONS

DD’s Discounts president departs

BY Dan Berthiaume

Dublin, Calif. – Doug Baker, who served as president and chief merchandising officer of Ross Stores’ DD’s Discounts division since 2011, is leaving the company. A specific reason has not been given.

The senior merchandising executives at DD’s Discounts will report to Ross executive chairman Michael Balmuth while the company conducts a search to fill this position.

"Doug has made numerous contributions over the years as a merchandising executive at both Ross Dress for Less and DD’s Discounts,” said Balmuth. “We thank him and wish him well in his future endeavors."

Barbara Rentler, CEO, added: "Looking ahead, we remain confident in the DD's Discounts business model and excited about its growth prospects. Our store opening plans are on track and we continue to believe that over time this business can become a chain of 500 locations from the 152 we operate today."

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FINANCE

Report: Family Dollar CEO to sell up to 2 million shares

BY Dan Berthiaume

Matthews, N.C. – Howard Levine, CEO of Family Dollar Stores Inc., reportedly plans to sell between one and two million shares of company stock in the next 10 days. According to the Charlotte Business Journal, Levine filed his intention to make the sale with SEC.

Levine owns almost 8.8 million shares (about 7.75%) of Family Dollar’s 114.4 million shares outstanding. SEC restrictions on selling Family Dollar stock in relation to the recently approved Dollar Tree merger have terminated. Activist investor Trian Fund Management LP, which publicly pushed for the Dollar Tree deal, has reduced its Family Dollar Stake from roughly 7% to 2%.

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