Tiffany shines as Q1 profit surges 25%
New York — Tiffany & Co. said Thursday its first-quarter profit rose 25% on higher revenue across all regions worldwide. The results beat expectations and the company raised its forecast for the year above current Wall Street estimates.
Tiffany net income rose to $81.1 million for the three months ended April 30, up from $64.4 million a year earlier.
Revenue jumped 20% to $761 million from $633.6 million last year, sharply higher than analyst predictions of $702.6 million.
Oracle’s debuts next-generation business intelligence applications
Redwood Shores, Calif. — Oracle on Thursday unveiled a prebuilt business intelligence application for retailers.
The new application, Oracle Retail Merchandising Analytics, uses Oracle Business Intelligence applications to access and analyze data from multiple applications such as financial and workforce management, customer relationship management (CRM) and retail operations.
Included across all of the business intelligence dashboards is the ability to act on those insights, enabling users to order more stock, re-allocate merchandise or kick off a promotion triggered by metric thresholds. This type of “closed-loop or guided analytics” uses embedded actions to make it easier for users to act on the information they view in a dashboard or report.
“As competition accelerates across mobile, e-commerce and retail channels, retailers require business intelligence solutions that address their unique challenges,” said David Dorf, senior director, product strategy, Oracle Retail. “Oracle Retail Analytics deliver the best of our retail-industry expertise combined with Oracle’s best-in-class technology to help customers better analyze the deluge of data generated across all channels.”
McAlister’s Deli selects WAND Digital as exclusive digital menu board provider
Eden Prairie, Minn. — McAlister’s Corp., a quick-casual restaurant chain with more than McAlister’s Deli locations across the United States, has chosen WAND Corp. to provide an enterprise level digital menu board solution for all McAlister’s Deli corporate and franchise digital sites. The project promises to be one of the largest U.S. deployments of digital menu boards to date.
“With the multitude of options out there, our team ultimately selected WAND as someone who could provide the analytics, rollout, and true partnership in our first pilot locations,” said Randy White, VP information technology for McAlister’s.
McAlister’s reported in March that guest reaction has been reflected in double-digit sales increases at the digital locations. Customer surveys have found the digital boards to be more engaging than traditional print menu boards, and customers feel the boards enhance or upgrade the restaurant environment. The unique combination of dynamic content and enterprise controlled day-parting attracts the attention of customers and effectively communicates messaging through the use of animated images and high definition video to influence customer’s buying behaviors.
“We call it our restaurant of the future,” said Annica Kreider, VP marketing for McAlister’s, referring to the digital solution program. “It’s been exciting to see the reaction of guests to the Digital Menu Board system, and impressions from our franchise groups.”