Study: Four-in-10 retailers will use Apple Pay, analytics in 2015
Franklin, Tenn. – About four- in-10 retailers plans on using both Apple Pay (43%) and predictive analytics (42%) by the end of 2015. According to a new study from IHL Group, “Retail 2018 – Retail Transformed,” things are looking up for both store growth and IT spend.
The study also shows that distributed order management is becoming an important retail IT trend. For example, more than 70% of specialty stores say their next POS software system will be based on an architecture of a distributed order management system hub as the core.
Beacons are also poised for dramatic growth. Only 2% of retailers are currently using beacons, but 24% expect to have beacons in some stores in 2015.
As a leader in beacons, and having the largest developer community creating solutions for using beacons, and the leader in handsets that efficiently connect with beacons and provide mobile pay Apple is incredibly well positioned to generate tremendous sales and profits from this trend.
Report: Family Dollar CEO to sell up to 2 million shares
Matthews, N.C. – Howard Levine, CEO of Family Dollar Stores Inc., reportedly plans to sell between one and two million shares of company stock in the next 10 days. According to the Charlotte Business Journal, Levine filed his intention to make the sale with SEC.
Levine owns almost 8.8 million shares (about 7.75%) of Family Dollar’s 114.4 million shares outstanding. SEC restrictions on selling Family Dollar stock in relation to the recently approved Dollar Tree merger have terminated. Activist investor Trian Fund Management LP, which publicly pushed for the Dollar Tree deal, has reduced its Family Dollar Stake from roughly 7% to 2%.
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Rite Aid January same-store sales rise 4.8%
Camp Hill, Pa. – Same-store sales rose 4.8% in January 2015 compared to the same month a year earlier at Rite Aid Corp. Front-end same store sales increased 2.9% while same store pharmacy sales, which included negative impact from new generic introductions, increased 5.7%.
Total drugstore sales increased 4.3% to $2.03 billion compared to $1.943billion for the same period the prior year. Prescription sales accounted for 70.3% of drugstore sales.
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