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Big purchases mean big price tags, and providing credit is an important part of Sweet Deals’ business. A new program through Acima Credit that allows customers to apply online or at the point of sale has helped the retailer see an overall sales increase of 25 percent, along with a 60 percent increase in financing.
Trends
Retail sales increased more than 4 percent in the first quarter and both established retail chains and emerging entrepreneurs are growing revenues. STORES editor Susan Reda says that businesses built on technology that use data proficiency to drive decision-making are built for success in 2017 and beyond.
NRF News
For retailers facing an increasingly demanding consumer and an industry undergoing transformation, the question isn’t just how to innovate in one area, but how to lead innovation across the organization. NRF’s Artemis Berry spoke with Sukhinder Singh Cassidy, founder and chairman of video shopping site Joyus and founder of theBoardlist, prior to Cassidy’s appearance at NRFtech about how to be innovative as an organization, close the gender gap and realize your vision. Almost a decade since its inception, CityCenterDC is one of the busiest areas of downtown Washington, D.C. On this week’s episode of Retail Gets Real, General Manager Timothy Lowery and his colleague Whitney Burns, senior manager of corporate communications at Hines, share how they contribute to “activating” the 10-acre landmark development and how it all comes together as one unifying, dynamic consumer experience.
As a second-generation car dealer, Representative Mike Kelly says most of his colleagues in Congress have never run a business and are quick to make policy decisions without considering the effect on retailers or other businesses. Kelly, who represents Pennsylvania’s Third Congressional District and serves on the House Ways and Means Committee, was named NRF’s Legislator of the Year last week for his support of pro-growth tax reform and his opposition to a controversial border adjustment tax proposal. Retail Deals
Computer and consumer electronics retailer Fry’s Electronics has selected Deliv, a same-day delivery company, to power Fry’s same-day and scheduled delivery service.
The U.S.’s largest electronic cash transaction network, PayNearMe, announced a partnership with Blackhawk Network, a global financial technology company and a leader in connecting brands and people through branded value solutions. The first retailer currently utilizing PayNearMe’s service is Casey’s General Stores.
Michael Kors Holdings Limited, a global fashion luxury brand, has reached an agreement to acquire Jimmy Choo, a premier global luxury footwear and accessories brand.
Walgreens Boots Alliance Inc. announced a binding offer from Fareva for a 10-year global agreement for the manufacture and supply of its own beauty brands and private label products, including products for sale in the U.S.
Destination XL Group Inc., a retailer of men’s XL apparel, has launched its first mobile app, created in alliance with mobile commerce firm PredictSpring, designed to assist both on-the-go and in-store shoppers.
CPI Card Group and long-standing partner supermarket Tesco have relaunched the Tesco Clubcard across the U.K. The state-of-the-art, contactless loyalty card will redefine the loyalty market and revolutionize the way the consumer interacts, with a tap or hover at the point of sale.
Ahold USA businesses have selected Revionics Price Suite for price optimization, embodying their commitment to adopting leading technology to drive bottom-line business results and better |
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