The Terraces acquired by joint venture
Washington, D.C. — Combined Properties and its joint venture partner Saban Capital Group have acquired The Terraces, a 173,000-sq.-ft. community shopping center in Rancho Palos Verdes, a suburb of Los Angeles. Spread across three terraced levels, center retailers include Trader Joe’s, Marshalls, LA Fitness and Starlight Cinemas.
The joint venture between Combined Properties and Saban Capital Group is assembling a $200 million portfolio of value-add retail centers in Southern California and the Washington, D.C., metro market.
E-commerce solution offers insight into Amazon marketplace
PALO ALTO, Calif. — Terapeak has launched an e-commerce market analytics solution designed to provide visibility into the Amazon marketplace giving online retailers access to Amazon market data as well as their own sales data.
The solutions tool features product, offer and sales rank searches in more than 35 Amazon categories; average, minimum and maximum pricing data; competitor research and analysis; and the ability to view historical Amazon transactions.
Online merchants can also analyze and measure product and sales performance across multiple channels.
"Terapeak has been renowned for its ability to provide marketplace visibility for eBay merchants, but with multichannel selling becoming the new normal, our customers were asking us to deliver analytics for Amazon.com as well," said Kevin North, president and CEO of Terapeak. “Now, not only have we delivered it, but we have also integrated their own sales data into the application. By bringing all this knowledge together in one place, our customers will have even greater insights into the e-commerce landscape, and a superior understanding of their own relative position.”
Terapeak has always leveraged Big Data analytics, launching its first online application, Terapeak for eBay, in 2004. E-commerce merchants use Terapeak’s reporting to evaluate sourcing opportunities, price points, market trends, product behavior across regions and their competition. Terapeak analyzes more than 2.4 billion transactions per year and more than $68 billion in online consumer spending worldwide.
The company is an authorized analytics provider of eBay market data, and the leading aggregator of e-commerce data for eBay, Amazon, Yahoo! Japan and Magento.
Coldwater Creek deploys Oracle solutions to improve online and store performance
Redwood Shores, Calif. — Coldwater Creek has deployed Oracle Retail’s suite of integrated merchandise planning and optimization solutions as part of a strategic initiative to increase full-price selling and improve the productivity and profitability of store, online and catalog channels. The women’s apparel retailer is using the new planning solutions to reduce aged inventory and ensure that popular items are consistently in stock.
“The new Oracle-based inventory planning system provides inventory visibility that simply was not possible for us in the past,” said Jim Bell, executive VP and CFO/COO, Coldwater Creek, Sandpoint, Idaho. “Ultimately, this should lead to further reductions in aged inventory and allow us to increase our full-price selling, making us more productive and profitable.”
Coldwater Creek is using the Oracle solutions to create pre-season and in-season plans that will ensure the right styles and colors are available to meet customer demand in stores, online and via catalog.
“The new planning process underpins one of our strategic business objectives for this year, which is to optimize the effectiveness of our inventory investments without diminishing our ability to meet customer demand, across all channels,” explained Deanna Emsley, senior VP of inventory planning and corporate strategy, Coldwater Creek. “The Oracle Retail solution represents a significant change in the way we approach assortments and inventory by facilitating a ‘top-down’ and ‘bottom-up’ approach to planning.”
With this level of cross channel and cross category collaboration, Coldwater Creek is better able to tailor and monetize its product assortments and respond more effectively to evolving customer demand. The chain also is using the Oracle Retail solutions to budget and forecast demand more accurately, enabling better buying decisions and faster reaction to item performance by either purchasing more or using promotional mechanisms to strategically clear merchandise faster.
Coldwater Creek expects the integrated inventory management and planning processes to improve the productivity and profitability of store, online and catalog channels.
Relying on an internal team of merchandising and IT experts supplemented by minimal external consulting, Coldwater Creek implemented the suite of integrated of Oracle Retail applications in just nine months.