FINANCE

Zale expands customer financing options with NewComLink

BY Katherine Boccaccio

Austin, Texas — Retail credit solution-provider NewComLink said Tuesday that Zale Corp. has implemented the NewComLink platform as part of its new program to provide alternative financing options to its U.S. customers.

Zale announced the new alternative financing program on Aug. 31, which is currently available in all Zales, Zales Outlet and Gordon’s retail stores.

“We are continually looking for new ways to build additional long-term loyalty and sales,” said Ken Brumfield, VP of financial products for Zale Corp. “The NewComLink platform allows us to leverage our current systems and processes to expand the financing options we offer our customers.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

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

View Results

Loading ... Loading ...
FINANCE

RadioShack announces new capital allocation strategy

BY Staff Writer

Fort Worth, Texas — RadioShack Corp. announced Tuesday a 100% increase in its dividend and the authorization of a $200 million share repurchase program as part of a new capital allocation strategy.

The strategy, according to the company, is designed to balance business growth opportunities with continued strong cash flow and provide a more consistent return of excess cash to long-term shareholders.

The board increased the annual dividend on the company’s common stock to $.50 per share in 2011, compared with $.25 per share paid in 2010, and has changed the annual dividend payout to a quarterly payout. The annual cash dividend of $.50 per share for 2011 is payable on Dec. 15, 2011, to stockholders of record at the close of business on Nov. 25, 2011, after which the dividend will be paid on a quarterly basis beginning in the first quarter of 2012.

The board also approved an authorization for a share repurchase of $200 million of the company’s common stock to be executed from time to time through open market or private transactions. The company said it currently expects to repurchase $200 million of the common stock during the next 12 months.

"Our balance sheet is strong and our business generates consistent positive cash flow," said Jim Gooch, president and CEO of RadioShack Corp. "At the same time, our evolving growth profile is well supported by current cash flow. Our new capital strategy reflects our desire to return excess cash more consistently to shareholders during a challenging economic environment."

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

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

View Results

Loading ... Loading ...
OPERATIONS

Stop & Shop expands Scan It! mobile app

BY Katherine Boccaccio

Quincy, Mass. — The Stop & Shop Supermarket Co. said Tuesday it has expanded the availability of Scan It! Mobile – a grocery app that allows customers to use their personal mobile device to scan, tally and bag their groceries while they shop.

First introduced last June for iPhone 3GS and 4G in three stores, Scan It! Mobile is now also available for many Android devices which will double the reach of customers. In addition, the pilot will expand to an additional 42 Stop & Shop stores in Massachusetts, Rhode Island and Connecticut.

A natural transition from the in-store handheld Scan It! device currently in use across 350 Stop & Shop stores, Scan It! Mobile provides shoppers with the industry’s first fully integrated in-store mobile experience where they can scan, tally and bag their groceries. Scan It! Mobile also provides personalized, relevant and specific offers to shoppers based on their location in-store and purchase history. Customers can anticipate potential savings of $250-$500 each year, based upon receiving eight-10 targeted coupons per shopping trip.

"We are excited to introduce our in-store mobile shopping experience to more Stop & Shop stores and Android customers, given the positive feedback we’ve received from customers that have used Scan It! Mobile and enjoy the ability to shop and scan with their smartphone," said Mark McGowan, president, Stop & Shop New England Division.

Stop & Shop first announced the Scan It! Mobile pilot in three Massachusetts Stop & Shop stores in Quincy, Braintree and Plymouth. With this recent expansion, the app is currently available in an additional 19 stores and is being rolled out to another 23 stores in the coming weeks. By the end of 2011, at least 45 Stop & Shop supermarkets will be fully operational with Scan It! Mobile.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

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

View Results

Loading ... Loading ...