Industry News - January 16th, 2009
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RETAIL AND TECHNOLOGY NEWS |
Micros-Retail, Retail Equation Speed Return Optimization Integrations
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Micros-Retail and The Retail Equation partner to extend The Retail
Equation's Verify-1 and Return Rewards solutions to MICROS-Retail's
diversified international customer base.
Through this alliance, The Retail Equation's applications are
integrated into MICROS-Retail's Store21 point-of-sale application, and
are scheduled for integration into the Xstore and Tradewind POS
products. Retailers benefit from the integration into The Retail
Equation's return optimization functionality directly through the POS
to store associates via simple on-screen prompts.
The Retail Equation's Verify-1 software system is designed to identify
return fraud and abuse, a $15.5 billion per year problem in the United
States. As part of the Verify-1 service, The Retail Equation is
contracted by retailers to gather their return information, store it
securely, and analyze the data to develop and follow return policies
for those retailers. Return Rewards is an intelligent system designed
to provide incentive to the customer to continue shopping in the store
once a return transaction is complete.
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Manthan Systems and LakeWest Group Form Strategic Partnership in Retail Merchandise Planning
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Manthan Systems announces a strategic partnership with LakeWest Group
to offer Manthan's ARC Merchandise Planning system to US retailers.
With capabilities such as allocation and assortment planning, grading
and clustering, range planning, forecasting and optimization, OTB
management for seasonal and non-seasonal merchandise, ARC Merchandise
Planning provides planning capabilities in retail merchandising.
"We're excited with our partnership with Manthan," says Ken Morris,
president and CEO of LakeWest Group. "With our mutually complementing
capabilities and our strong common background in providing retail
solutions, this partnership will look to equip US retailers with
superior planning and decision making capabilities to optimize business
performance, compete better, and create significant customer value."
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Revionics, Planalytics Integrate Weather-Based Demand Intelligence
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Planalytics and Revionics partner to incorporate location and
product-specific weather intelligence into the Revionics price
optimization solution.
The partnership offers joint customers seamless integration of
Planalytics weather-driven demand indices into the Revionics Advanced
Pricing Solution (RAPS), which helps retailers further tune pricing
decisions to match localized consumer buying behavior.
The Revionics price optimization offering applies sophisticated demand
intelligence and retail pricing science to retailer data to arrive at
optimal price recommendations for everyday, promotional and markdown
prices. The Planalytics integration of weather data into the Revionics
solution provides retailers with planning tools and insights into where
and how much weather will influence demand.
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Loblaw Selects RedPrairie Workforce Management
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Loblaw adds the Workforce Management (WFM) application from RedPrairie
to its stores across Canada. The system will manage over 120,000 store
associates.
The RedPrairie WFM provides Loblaw with visibility into workforce
operations, directing time and attendance, business forecasting,
workforce demand planning, automated optimized scheduling, staff
self-service, dashboards with configurable alerts, and computer-based
training.
"RedPrairie has experience in the grocery industry," says Catherine
Booth, senior vice president, IT, Loblaw Companies Limited. "We needed
a proven solution to meet our requirements, while providing an easier
tool for our managers and colleagues."
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OKI Printing Solutions Introduces the MC860 A3 Color MFP Series
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OKI Data Americas launches the MC860 A3 color multifunction printer
(MFP) series. The series delivers A3, wide-format color MFP
functionality with flexible media handling and high-definition (HD)
color output. This series enhances in-house tabloid color printing,
copying, scanning and faxing for businesses of all sizes. Businesses
can increase productivity with a color MFP that delivers A4 and A3
capabilities.
The MC860 A3 color multifunction printer (MFP) series includes:
- Wide-format color MFP in its class to offer A3 capability for
copying, printing, faxing and scanning in an A4 footprint and price
point
- This MFP offers HD Color and Single Pass Color technologies for color output on a variety of media - producing vibrant color
- HD Color Output on a variety of media and 48'' banner support
- Print, copy, scan and fax up to tabloid-sized media in one space saving device; supports consolidation initiatives
- Compact size/footprint; A3 Color MFP can sit on top of a desktop
- Fast print/copy speeds of 26 ppm in color and 332 ppm in
black-and-white that helps improve office efficiency and productivity
to maximize small to medium workgroup performance
- Scan to USB Flash Memory Stick, PC, fax, FTP, folder and e-mail
The series helps retailers create high-quality, color output in-house
and on-demand. Models help allow users to print media from cards to
tabloid-sized media in a space saving and affordable package, while
utilizing the standard copy, scanning and faxing functionalities.
Galleria Launches Promotional Display Optimization System
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Galleria Retail Technology launches its automated Promotional Display
Optimization system, a new technology that helps retailers generate
store-specific end-cap display plans to optimize inventory for
promotions. With the ability to create automated plans on a
store-by-store basis, users can experience increased sales, improved
in-store execution and reduced end-of-promotion inventory.
Galleria's solution includes features such as the ability to select
store-specific items, so merchandise can meet local demand. Retailers
also have the ability to produce precise planograms using a template
that reflects individual store allocation and assortment needs but
still maintains the centralized promotion strategy.
Because the solution collects data from all plans centrally, retailers
can continuously analyze their strategic approach to determine what
works best. Furthermore, Galleria's Promotional Display Optimization
solution includes analytics capabilities enabling customers to
determine which categories will perform best on end-cap displays.
The capabilities required for Promotional Display Optimization can be
leveraged through interconnected processes from a retailer's internal
resources or as a service from Galleria. Users also can employ their
existing manual space plan application or Galleria's to help ensure
that the display strategy is consistent across all plans and enables
local flexibility. In addition, final display plans can either be sent
to stores in a PDF format or translated to comply with existing
databases and publishing systems. This publishing feature also
populates Galleria's reporting database to enable cross-planogram and
cross-promotion analysis.
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