News

Study: Retailers want omni-channel POS software

BY Dan Berthiaume

Franklin, Tenn. – A majority of retailers want their next POS software to have omni-channel capabilities. According to a new research study from IHLGroup, “Stores Reinvented: 11th Annual Store Systems Study,” 63% of retailers say their next POS software will utilize a single business logic that can be used for POS, mobile POS, m-commerce and e-commerce functions.

The study also shows that 2014 will be a banner year for store systems. Mobile, POS, software, omni-channel, and CRM are all showing up strongly. In addition, the number of retailers using mobile devices for POS is expected to triple in 2014.

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REAL ESTATE

Robert Graham to open store at Mohegan Sun resort

BY Dan Berthiaume

New York – Robert Graham has signed a new lease agreement to open a branded retail store featuring the full Robert Graham collection in The Shops at Mohegan Sun in Uncasville, Conn. The store will carry the complete range of Robert Graham apparel products.

"Mohegan Sun is a leading Connecticut destination offering some of the most unique state-of-the-art facilities and we are very excited about opening one of our newest locations here in 2014," said Michael Buckley, CEO of Robert Graham. "The complex attracts people from all over the globe and we are very excited to showcase the full range of the Robert Graham collection to such a diverse and discerning client."

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News

Manthan Systems releases price optimization tool

BY Dan Berthiaume

Phoenix – Manthan Systems is introducing its ARC Pricing Optimization application. ARC Pricing Optimization offers capabilities designed specifically for the retail environment and is a part of the company’s latest release of its ARC Merchandise Analytic application, MA6.4
Specific capabilities include:

Auto Recommendation: Identify products at group or individual store level that are candidates for price changes based on performance objectives and pricing strategies.

Optimization Capabilities: Forecast and simulate scenarios based on changes to inputs like pricing strategies applied or targeted performance on metrics.

Execution Capabilities: Implement price recommendations through an automated or governed process to reflect the changes with minimal human intervention.

Guided Analytics: Use workflow-driven analytics to execute specific business processes, from discovery and auto-recommendation, to decision-making and execution in real-time.

Rich Visualization: See the impact of price changes and spot exceptions that need specific action, without having to browse rows of data.

Predictive Analytics: Close the loop between “analyze” and “act” with predictive and simulation innovations including write-back capabilities to source systems.

“The price optimization solutions offered in the market today are not meant for industries like retail that have specific pricing requirements with high functionality.” said Raj Nellutla, senior VP merchandise analytics for Manthan. “On the other hand, we have developed this very unique application that is custom designed for retail pricing scenarios with features like auto recommendation, discovery, forecasting, simulation, and visualization that provide the business user a guided experience in a user friendly environment.”

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