News Briefs

Staying on top of breaking news in the retail industry is a commitment Retail TouchPoints editors take seriously. Each day, we publish the latest information in this News Briefs section. Up-to-the-minute stories cover retail implementations, new product announcements, financial updates, executive appointments and overall global updates affecting every aspect of the retail industry.

Verifone Receives NACHA Electronic Payments Award

verifoneNACHA — The Electronic Payments Association, has presented Verifone with the 2015 George Mitchell Payments System Excellence Award. NACHA grants the award annually, honoring an individual or organization that has shown superior leadership in the development, implementation or advancement of domestic or international electronic payments.

Verifone and other recipients of the 2015 Payments System Awards were recognized during the Payments System Awards Luncheon, which was sponsored by TD Bank N.A. at PAYMENTS 2015 in New Orleans. Verifone received the award for its leadership in driving EMV education and readiness.


Save Mart Focuses On Omnichannel Loyalty With NCR And Inmar Marketing Solutions

save-mart1Save Mart Supermarkets, a privately held grocery chain, has selected solutions from NCR and Inmar Digital Promotions Network to help drive customer loyalty across multiple channels, including online, mobile and its network of stores.

The combination of NCR Cloud Connect, the NCR Advanced Marketing Solution and Inmar Digital Coupons, will help Save Mart manage promotions and loyalty programs more seamlessly, as well as make coupons accessible and redeemable across channels.


Target To Pay $19 Million To MasterCard-Issuing Banks

target-mastercardTarget has agreed to pay MasterCard-issuing banks up to $19 million to reimburse losses related to the 2013 data breach that compromised up to 40 million accounts.

The settlement will help compensate for costs the banks incurred while cancelling and creating new accounts, and sending out new cards. The settlement agreement requires at least 90% of eligible MasterCard account issuers to accept the offer.


Lids Streamlines Inventory Management Across Channels With Oracle Retail

lidsLids Sports Group has selected several Oracle Retail solutions to improve inventory visibility and availability across all channels.

Since migrating to the Oracle Retail Xstore service and rolling out the Oracle Retail Order Broker Cloud Service, Lids has ensured its entire inventory of team-specific sports apparel and memorabilia retailer is available in-store, online or via mobile device and has nearly doubled the number of product SKUs available for sale online.


RetailNext Secures $125 Million To Fuel Growth

RetailNext2In-store analytics solutions provider RetailNext has secured an additional $125 million from Activant Capital Group and other investing partners to bring its total capital to $184 million in growth funding.

RetailNext plans to use the funding to accelerate growth in new markets and pursue strategic acquisitions to further its competitive advantage and value proposition to retail customers. The company also plans to strengthen its presence in North America, Europe and Asia.


The Walking Company Enhances Customer Experience With Epicor Solutions

The Walking Company thewalkingcompanyselected three Epicor Retail solutions to help enable more personalized experiences for in-store customers. The retailer has deployed Epicor Retail CRM 7.0, Epicor Retail Clienteling, and Epicor Retail Store Point of Sale (POS) solution throughout more than 210 stores.

Epicor Retail CRM 7.0 delivers customer insights that allow The Walking Company to provide more personalized offerings and loyalty rewards and incentives. The CRM solution also recently helped launch of the retailer's new loyalty program.

Read more... Taps SiteSpect To Boost Customer Experience With Site Testing

Online home improvement retailer has selected SiteSpect, a digital optimization platform, to help enhance its customer experience through web site testing and targeting. is using the SiteSpect A/B and multivariate testing technology to optimize online content, imagery, navigation and layout. The retailer chose SiteSpect because the platform could run large-scale experiments on site search, pricing and shipping, checkout flow and whole site releases.


On-Call Retail Scheduling Practices Are Challenged In New York

timesheetA group of 13 retailers are being challenged by New York state on their employee scheduling practices related to on-call scheduling. The office is concerned that these practices violate New York labor laws, which ensure pay equal to four hours at minimum wage for hourly workers who report for a scheduled shift.

Retailers receiving letters from the New York Attorney General's office include: Abercrombie & Fitch, Ann Inc., Burlington Coat Factory, Crocs, GAP, J. Crew, JCPenney, L Brands, Target, TJX, Urban Outfitters, Sears and Williams-Sonoma.

Read more... Announces Addition of UNIQLO Flagship Store to Its Marketplace Platform

JDUNIQLOApparel retailer UNIQLO has partnered with, a China-based e-Commerce company, to open an online flagship store on its marketplace platform. Through the marketplace, UNIQLO can reach a wider base of active Chinese shoppers.

“We are excited to offer our customers the use of's amazingly fast and trusted last-mile delivery network, which has proven to be an advantage in China's e-commerce market,” said Pan Ning, CEO of UNIQLO Greater China. “We expect that the secure and seamless shopping experience that offers will turn many shoppers into new UNIQLO customers in China, which is one of its most important overseas markets.”


Nordstrom Supports Canadian Expansion With Oracle Upgrade

NordstromLogoNordstrom has implemented Oracle Retail Merchandise Operations Management and Oracle Retail Store Inventory Management solutions to support its expansion in Canada. The retailer plans to roll out the releases throughout its Nordstrom and Nordstrom Rack stores.

The specialty retailer completed the implementation on schedule for the September 2014 opening of its two-story, 140,000-square-foot store at the Chinook Centre shopping mall in Calgary, Alberta, Canada.


Dealstruck Raises $58 Million For SMB Lending

dealstruckDealstruck, a direct business lender for SMBs, has secured $50 million in funding from Brevet Capital Management and an additional $8 million from Trinity Ventures. This funding round brings Dealstruck's total lending capacity to more than $100 million, which enables it to provide growth capital to more SMBs and complement other existing facilities.

The lender has loaned more than $50 million since its launch in October 2013, supporting SMBs throughout all stages of their lifecycle.


Domo Collects $200 Million In Funding, Releases New Solutions At Domopalooza

Domo-logo1Domo, a cloud-based business management platform provider, has acquired $200 million in a Series D funding round led by Blackrock. This brings the company’s overall valuation to more than $2 billion.

The funding news came during Domopalooza, Domo’s inaugural user event, which is taking place April 7-9, 2015 in Salt Lake City, Utah. During the event, CEO Josh James also unveiled Domo’s cloud-based business management platform to the public, as well as a series of new products designed to help users connect, prepare and visualize data, such as:


RichRelevance Adds Two Execs To Leadership Team

richrelevanceRichRelevance, a provider of omnichannel personalization solutions, has added two new executives to it leadership team. Mahesh Tyagarajan will serve as Chief Product Officer, and will oversee product strategy and management, engineering, cloud operation and infrastructure. John Dickson will serve as VP of Client Services to help drive company expansion.

Tyagarajan joins RichRelevance from Walmart, where he led the development of the retailer’s Global e-Commerce (GeC) Platform at WalmartLabs and created the roadmap for the modernization of retail technology systems. His technology responsibilities at Walmart included e-Commerce, omnichannel retail, POS, store back-office systems, warehouse management, next-generation logistics and mobile applications. Dickson previously served in executive roles at MicroStrategy and Business Objects. In both positions, he led professional services teams to deliver enterprise deployments.


Edgecase Appoints New CEO To Help Meet Strategic Objectives

Edgecase SusanneBowenEdgecase, a provider of adaptive navigation solutions, has appointed Susanne Bowen as CEO. In her position, Bowen will develop the company’s strategic vision and scale operations to meet business demands. Edgecase Co-Founder and former CEO Garrett Eastham will remain responsible for product and technology innovation as Chief Product Officer.

Over the past year, Edgecase has nearly doubled its revenue and client base. The Edgecase solution is designed to empower brands and retailers to expand their merchandising data and vocabulary to make search experiences more relevant. Retailers that partner with Edgecase are positioned to experience a number of benefits, including lower bounce rates, as well as increased page views, conversion rates and social sharing. Brands currently tapping Edgecase to create more inspirational shopping experiences include Crate & Barrel, Golfsmith, LDProducts and Urban Decay.


Springboard Retail Creates New Partner Program

Springboard Retail
, a cloud-based POS and retail management solution provider, has launched a channel partner program designed to help technology businesses better target local, regional and national retailers by offering an end-to-end solution.

The Springboard Retail Partner Program consists of two subprograms: a referral program that can help partners extend their POS and retail management offerings, and a reseller program for partners targeting multichannel retail prospects. Reseller partners can leverage Springboard Retail’s REST API to build new applications and integrations that extend the value of their solutions and services.
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