FINANCE

Target unveils year-round price match of online retailers

BY Katherine Boccaccio

Minneapolis — Target Corp. said Tuesday it plans to price-match top online retailers year-round, including Amazon.com, Walmart.com, BestBuy.com and Toysrus.com (including Babiesrus.com).

Target stores will also price-match items found on Target.com, the company said.

The new policy launches immediately, and allows shoppers to competitively shop the retailer. If a shopper buys a qualifying item at a Target store and then finds the identical item for less in the following week’s Target circular or within seven days on Target.com, Amazon.com, Walmart.com, Bestbuy.com or Toysrus.com or in a local competitor’s printed ad, Target will match the price under the newly launched policy.

“We know that our guests often compare prices online,” said Gregg Steinhafel, CEO.

Target introduced its first price-match policy, called the Low Price Promise, in 2009 and began matching select online competitors for the first time this holiday season.

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S.Gacho says:
Mar-22-2013 04:18 am

The second largest discount
The second largest discount retailer in Minnesota. and Ranked 38 on Fortune 500 last 2012. - J. Kale Flagg

S.Gacho says:
Mar-22-2013 04:18 am

The second largest discount retailer in Minnesota. and Ranked 38 on Fortune 500 last 2012. - J. Kale Flagg

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OPERATIONS

Wolverine Worldwide announces new operating groups

BY Katherine Boccaccio

Rockford, Mich. — Wolverine Worldwide said Tuesday it will make several organizational moves to drive future growth and global brand building in the wake of its October 2012 acquisition of the Performance & Lifestyle Group.

“The acquisition of the Performance & Lifestyle Group has been transformational for our company and has created many new opportunities for global growth, brand building, and operational excellence," said Blake W. Krueger, Wolverine Worldwide chairman and CEO. "Today, we are taking important steps to better align the team and realize our vision of having the best brands, products, operating platform, and consumer experiences in the industry."

The parent of Stride-Rite and Keds brands, among others, said Tuesday that CEO and president of PLG Gregg Ribatt has resigned to pursue other opportunities, following a transition period to aid the company in organizing the new structure.

Under the new structure, the company will migrate from four to three brand operating groups, each led by a group president. The Heritage Group, and comprising the Wolverine, Caterpillar Footwear, Bates, Sebago, Harley-Davidson Footwear, and HyTest brands, will be led by Ted Gedra, a 27-year Wolverine Worldwide veteran.

The Lifestyle Group, comprising the Sperry Top-Sider, Stride Rite Children’s Group, Hush Puppies, Keds, and Soft Style brands, will be led Mark Neal, an 18-year Wolverine veteran.

The Performance Group, comprising the Merrell, Saucony, Chaco, Patagonia Footwear, and Cushe brands, will be led by led by group president Jim Zwiers, a 15-year Wolverine veteran.

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FINANCE

American Apparel’s e-commerce sales on the rise since implementing Oracle platform

BY Marianne Wilson

Redwood Shores, Calif. — American Apparel, which launched a new Oracle e-commerce platform in the fall, has continued to deliver an increase in e-commerce sales, with a more than 38% increase over the same period last year. December 2012 sales increased more than 59% over December 2011, with December coming in as the highest sales month in the history of the company’s online business.

In October, American Apparel, which manufactures and distributes merchandise as well as operating its own stores, moved its multiple e-commerce sites to Oracle’s ATG Web Commerce, a component of Oracle Commerce, to improve content management, promotions, search and transactions.

“We required an open, scalable platform with the features and functionality to support us now and in the future,” said Stacey Shulman, CIO, American Apparel. “As we continue to grow sales worldwide, the Oracle solution will enable us to personalize and enhance the customer experience online, streamline service and introduce more international sites.”

The solution provides American Apparel’s business teams with a visual interface that simplifies the job of managing content, adapting page layouts and creating promotions for different customer groups and regions. American Apparel will use Oracle to present customers with personalized content and customized search options, helping to accelerate selections by presenting items that the consumer prefers.

As American Apparel continues to drive growth and expand to new markets, the retailer expects to leverage Oracle’s scalable commerce platform to optimize operations and the customer experience.

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williamson says:
Mar-30-2013 09:37 am

The solution provides
The solution provides American Apparel’s business teams with a visual interface that simplifies the job of managing content, adapting Here page layouts and creating promotions for different customer groups and regions. American Apparel will use Oracle to present customers with personalized content and customized search options, helping to accelerate selections by presenting items that the consumer prefers.

williamson says:
Mar-30-2013 09:37 am

The solution provides American Apparel’s business teams with a visual interface that simplifies the job of managing content, adapting Here page layouts and creating promotions for different customer groups and regions. American Apparel will use Oracle to present customers with personalized content and customized search options, helping to accelerate selections by presenting items that the consumer prefers.

S.Jhon says:
Feb-08-2013 02:36 pm

This Is Good One.... E
This Is Good One.... E Commerce Plays A Best Role In Providing A Regular Source Of Income to Its Users.Your Share4d Information Regarding Oracle Platform On E Commerce Are Good. For More Information About How Ecommerce Provides A Perfect Way Of Earning, You Just Need To Visit http://www.bit-cart.com/ .

S.Jhon says:
Feb-08-2013 02:36 pm

This Is Good One.... E Commerce Plays A Best Role In Providing A Regular Source Of Income to Its Users.Your Share4d Information Regarding Oracle Platform On E Commerce Are Good. For More Information About How Ecommerce Provides A Perfect Way Of Earning, You Just Need To Visit http://www.bit-cart.com/ .

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Consumer confidence is high. Is that reflected in your stores’ revenues?

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