REAL ESTATE

tvsdesign celebrates opening of fifth largest retail center in China

BY Marianne Wilson

Tianjin, China — Global architecture and interior design firm, tvsdesign, celebrates the opening of Galaxy Mall, the retail portion of Tianjin’s new Cultural Center District, which opened in October 2012. With 360,000 square meters of total building area, Galaxy Mall ranks among the top five largest retail complexes in China, and is more than 80% leased.

The complex opens out to the cultural activities and pedestrian flow of the grand promenade linking the grand Theater and Opera House to the east and the museums, art gallery and library to the south. The central lake extends into the retail site as the water feature flows down a dramatic waterfall and into the below grade retail.

The retail center features five floors rising to a height of 30 meters above ground and a single below grade level linked to the adjacent subway terminals and underground parking. Creating a concept for the interior of the Galaxy Mall organized around four distinctly unique shopping experiences with the Sun, Moon, Star and Earth Courts, tvsdesign conceived of a unique feature in each court with shopping and dining opportunities.

The complex’s focal point is a crystalline building of feature restaurants. This faceted glass building is the sculptural icon of the Commercial Complex, creating a complementary building edge for the buildings across the lake while maintaining the visual prominence and importance of the Opera House.

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FINANCE

NCR to acquire Retalix

BY Staff Writer

Duluth, Ga. — NCR Corp. announced a definitive agreement for NCR to acquire Retalix Ltd., a leading global provider of innovative retail software and services, for a cash purchase price of $30.00 per Retalix share, for a transaction value of approximately $650 million.

NCR said the addition of Retalix will strengthen NCR’s global leadership position in the retail industry, and builds upon its successful integration of Radiant Systems into the NCR portfolio of solutions. This acquisition demonstrates NCR’s commitment to its strategy and continued transformation to a hardware-enabled, software-driven business model, delivering solutions that materially improve business processes while enabling seamless consumer experiences across touch points, locations, and channels. The transaction is expected to accelerate NCR’s corporate strategy by increasing the portfolio mix of higher-margin software and services, enabling increased value for our customers, and continued growth and improved margins for NCR shareholders.

“Retalix is a strong, strategic fit for NCR and the combination of our two companies will drive significant value for both our shareholders and customers,” said NCR chairman and CEO, Bill Nuti. “Retalix’s market-leading software and services capabilities will enhance NCR’s retail solutions, creating a world-class portfolio of offerings. That innovation, plus the addition of exceptional talent to our team, positions NCR as the global leader in retail innovation.”

NCR also expects to use Retalix’s software to accelerate the development of NCR’s enterprise software platform, creating new software modules that can be used across the retail industry and leveraged across NCR’s financial, travel and hospitality industries on a global scale.

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News

Bing battles Google’s credibility with new campaign

BY CSA STAFF

Microsoft has taken offense to the practice of paying to improve one’s ranking in Google search results and has launched a campaign touting its "honest" search results.

Google is the leader in search, but Bing contend the company has begun a "pay-to-rank" practice whereby companies ranking in product searches is determined by how much they pay. Bing derides the practices as being "Scroogled," and said its approach provides consumers with more credible results.

"We don’t let who pays us for ads or other services affect how your search results are ranked," said Mike Nichols, Bing’s chief marketing officer. "Search, as a business, depends on consumer trust, and that requires keeping search results and ads separate. With Google Shopping the wall between search results and ads is gone — and so are several popular shopping sites. At Bing, we’re committed to keeping ads where they belong and will continue to deliver the most relevant search results possible."

With the Don’t Get Scroogled campaign, Bing is talking to holiday shoppers about the importance of getting unbiased, comprehensive search results when they shop online — and how changes at Google Shopping could leave them with fewer choices and higher prices this season.

Beginning today and continuing throughout the holiday shopping season, the Bing-sponsored "Don’t Get Scroogled" activities will appear online and offline, demonstrating why consumers should be concerned and helping them take action. Bing also said it was calling on Google to stop its "pay-to-rank" system for their shopping results and provide shoppers with honest search results.

Bing is urging consumers to visit http://www.scroogled.com to learn more about how to avoid getting "Scroogled," and renewing its commitment to the old rules of search by delivering objective results.

"We won’t let who pays us for ads or other services affect what you see in your shopping search results,’ according to the company. "We won’t switch to pay-to-rank to allow fees to influence the ranking of shopping search results. In short, we think that too many shoppers who use Google for their shopping are getting "Scroogled" when they should be getting fair, honest, open search results."

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