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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.

Pizza Hut Unveils New On-The-Go Ordering Concept

Pizza Hut has partnered with Visa and Accenture to develop a connected car and on-the-go ordering experience.

The connected car will be equipped with cellular connectivity, online payment service Visa Checkout and Bluetooth Low Energy (BLE). Pizza Hut restaurants will also deploy beacon technology to recognize and engage with the connected car as it approaches. Accenture will manage the integration of the technologies.

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Target Plans To Cut Thousands Of Jobs, Save $2 Billion During Business Transformation

At a meeting with investors, Target Chairman and CEO Brian Cornell and his leadership team revealed a new vision designed to transform business operations and consumers' perception of the brand.

Over the next two years, Target plans to save $2 billion by improving technology and processes; streamlining supply chain and sourcing efficiencies; and restructuring the corporate workforce through significant job cuts.

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Natural Grocers Investigates Possible Data Breach

Natural Grocers by Vitamin Cottage is investigating a possible data breach involving an “unauthorized intrusion targeting limited customer payment data,” according to a company statement.

The grocery retailer has not received reports of fraudulent card use from any customer, credit card company or financial institution. In a statement published on the company web site, Natural Grocers indicated: “There is no evidence that PIN numbers or card verification codes were accessed. Finally, no personally identifiable information, such as names, addresses or Social Security numbers, was involved, as the company does not collect that data as part of its payment processing system.”

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Brooks Brothers Improves Supply Chain Visibility With GT Nexus

brooksbrothersBrooks Brothers has expanded its cloud supply chain strategy using the GT Nexus platform. While the retailer has used the solution for procurement and settlement processes since 2007, Brooks Brothers now is using data from the solution to boost supply chain visibility, support international growth and reduce costs.

The GT Nexus platform houses, connects and shares data across all business units, linking the physical and financial supply chains. Using the solution, Brooks Brothers is able to integrate with supply chain partners more efficiently to eliminate costs and support international growth.

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PayPal Acquires Paydiant

PayPal has acquired mobile payment company Paydiant in an effort to expand its breadth of mobile solutions for retailers. Although terms of the deal have not officially been disclosed, a report from Re/code indicated that the acquisition will cost PayPal up to $280 million.

Paydiant provides mobile wallet and digital coupon services for organizations such as Subway, Harris Teeter and Capital One. The company’s customer list also includes the Merchant Customer Exchange (MCX), which will release its CurrentC mobile wallet app in 2015.

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Bigcommerce Extends E-Commerce Capabilities To Square Merchants

E-commerce platform provider Bigcommerce and payment processor Square have partnered to provide brick-and-mortar retailers with an outlet to expand their businesses online. The partnership enables U.S. and Canadian merchants using Square to launch a branded e-Commerce site via the Bigcommerce platform.

With the partnership, Bigcommerce and Square are positioned to help retailers simplify business management online and in stores, leading to a potential boost in customer acquisition and engagement.

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Revionics Partners With Strategix To Extend Into New Markets

revionicsRevionics is partnering with Strategix, a provider of category management and retail execution solutions to extend its presence worldwide.

Revionics End-to-End Merchandise Optimization solutions leverage predictive analytics to help retailers create and execute more effective promotions and pricing strategies. Under the agreement, the companies will combine Revionics’ Price and Promotion Optimization solutions with the retail market domain knowledge of Strategix. Strategix also will support Revionics’ sales and implementation efforts for all German-speaking countries, Central Europe and Russia.

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Coach Launches E-Commerce Site On Demandware Commerce Cloud

Coach has replatformed its flagship e-Commerce site on the Demandware Commerce Cloud to support its omnichannel business transformation and international expansion plans. The new web site launched on January 2015.

By moving the e-Commerce site to a cloud-based system, Coach will have more flexibility and scalability, allowing team members to make changes based on evolving customer trends and preferences. In addition, the luxury retailer will be better equipped to tailor online experiences for international shoppers.

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Softcard Sells Technology To Google

google-walletSoftcard has sold technology and intellectual property to Google, which plans to use this purchase to enhance its Google Wallet app. For now, current Softcard customers can continue to use the app to tap-and-pay for goods and services in locations that accept NFC-enabled payments. However, the company is encouraging its users to begin using Google Wallet and stated in a FAQ concerning the deal that "in the near future, the Softcard app will shut down and all wallets will be terminated."

This sale follows several turbulent months for Softcard. During that time, the company has rebranded from ISIS to Softcard and has faced increased competition from Apple Pay. More recently Softcard cut its staff by as much as 30%.

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Target Lowers Free Shipping Threshold For Online Purchases

1-target
Due to the success of its free shipping strategy over the holiday season, Target has decided to lower its free shipping threshold. Now, all orders $25 or more will qualify for free shipping, a significant decrease from its initial $50 minimum.

“Lowering the free shipping threshold from $50 to $25 is one more way Target is putting guests first and making it easier for them to shop Target when and where they want,” said Jason Goldberger, President of Target.com and Mobile. “Now, whether guests are stocking up or doing fill-in shopping, we’ve enhanced our year-round shipping offer to be one of the best in all of retail.”

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Vosges Haut-Chocolat Chooses AgilOne To Build Customer Engagement

vosges1Vosges Haut-Chocolat, a manufacturer and retailer of chocolate products, has adopted predictive marketing cloud technology from AgilOne to boost customer engagement and strengthen acquisition campaigns. The retailer expects to use the technology to gain insights from customer data and deliver brand experiences to specific customer segments.

With AgilOne, Vosges Haut-Chocolat can identify groups within its customer base and target products and messages that match their interests, ensuring the delivery of relevant marketing campaigns. The platform enables the retailer to determine future product launches based on consumer taste preferences.

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Lettuce Entertain You Selects Paytronix To Run Rewards Programs

LEYELettuce Entertain You Enterprises (LEYE), an operator of 90 restaurants throughout the U.S., has moved its Frequent Diner Club loyalty program to the Paytronix Rewards platform. LEYE is transitioning from a card-based to a mobile-centric loyalty program, and looks to leverage the Paytonix mobile and data analytics capabilities.

Paytronix designed its platform to enable LEYE to monitor down to the guest-level, identify its most valuable customers, and reward and engage with them in a relevant way. 

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