REAL ESTATE

Von Maur to open first store in Oklahoma

BY Katherine Boccaccio

Davenport, Iowa — Von Maur Department Stores announced Wednesday it has signed a contract to open a 150,000-sq.-ft. store at the GGP-owned Quail Springs Mall in Oklahoma City in fall 2014.

The store will be the company’s first location in Oklahoma.

Located at the mall’s former Sears location, the two-level Von Maur store will receive a complete renovation beginning in summer 2013 in order to feature the company’s exterior brick facade and signature residential ambiance, complete with antiques, original artwork, open-floor plan and music from the store’s grand piano.

The Oklahoma City announcement is consistent with the retailer’s previously announced national growth strategy, which includes opening a second Georgia location in Atlanta in November 2012, along with plans to grow into New York and Alabama in fall 2013.

"Oklahoma City is a thriving metropolitan area with numerous offerings and opportunities for both businesses and residents alike," said Jim von Maur , president of Von Maur. "We’re excited to be a part of the growth in one of the state’s most vibrant areas and look forward to showcasing our service and selection to shoppers at Quail Springs Mall."

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OPERATIONS

Survey: Most online shoppers not deterred by higher shipping costs

BY Katherine Boccaccio

Whiting, Ind. — Research released Wednesday by CouponCabin.com showed that more than half of U.S. adults’ online shopping habits won’t be impacted by rising shipping costs.

According to the survey, conducted by Harris Interactive for CouponCabin.com, 51% of those polled said they are neither more or less likely to shop online, even with potentially increasing shipping costs. An additional 7% said they are more likely to shop online.

Of those who said they will continue to shop online, 73% said they will be more likely to shop online at a website that offers free shipping as opposed to one that doesn’t.

"Free shipping offers entice online consumers, but retailers may have more difficulty providing them as costs rise," said Jackie Warrick, senior savings advisor at CouponCabin.com. "To still present free shipping as an option, some stores may need to increase item prices to absorb the cost effectively. Regardless, budget-savvy consumers will seek out free shipping in as many ways as they can."

In addition to shopping on sites that automatically offer free shipping, most online shoppers search for free shipping coupon codes for their purchases. In fact, 77% of U.S. adults who shop online at all search for free shipping codes at least sometimes. Twenty-four percent indicate that they do so often, while 25% sometimes do. Twenty-three percent never or rarely search for free shipping codes when shopping online.

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News

POS terminal numbers continue strong growth, despite smartphone popularity

BY Katherine Boccaccio

Franklin, Tenn. — The overall penetration of POS devices continued to expand 3.9% in North America and 4.6% around the globe in 2012, according to The POS Vendor Shipments Database, released Wednesday by IHL Group. Growth is expected to continue at 3.6% worldwide for 2013.

The report showed growth in all four major worldwide regions (North America, Europe/Middle East Africa, Latin/South America, and Asia/Pacific). The Asia/Pacific region led all regions in terms of growth, but even the economic challenges of most of the EMEA region did not completely squash growth, which came in at over 2% year over year.

"The market continues to grow as POS technologies rapidly change in individual segments,” said Greg Buzek, president of IHL Group. "Despite challenges from mobile devices and e-commerce growth, new store concepts and greater penetration of PC-based POS continue to offset those challenges as the point-of-sale remains the center of the customer interaction."

The POS Vendor Shipments Database tracks the shipments and installed base of PC-based point-of-sale devices by top 25 vendors and 13 different retail segments worldwide.

Other key findings of the research included the following:

• The big winner in the POS growth is Microsoft, whose operating systems already run on over 87% of the POS terminals shipped.

• HP is now the second largest supplier of POS Systems worldwide, rising from the #20 position just 10 years ago. Add to HP’s share standard PCs purchased and repurposed by small businesses for POS and the company would have the #1 position.

• The value of the North American POS Market topped $7.8 billion for the first time in 2012.

• Brazil, Mexico, China, India and certain Middle Eastern countries are driving POS adoption at the fastest clips.

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S.Hance says:
Mar-12-2013 03:44 am

Good to hear that in spite of
Good to hear that in spite of the growing technology there are still manual options like terminal numbers that stayed as of now. A lot of us forgets the manual and depends on the technology. - J. Kale Flagg

S.Hance says:
Mar-12-2013 03:44 am

Good to hear that in spite of the growing technology there are still manual options like terminal numbers that stayed as of now. A lot of us forgets the manual and depends on the technology. - J. Kale Flagg

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