Co-op to re-develop and transform four North Wales stores this autumn with £3.5M investment

MANCHESTER, UK, 2017-Oct-19 — /EPR Retail News/ — The Co-op is investing almost £3.5M in its North Wales stores this autumn to re-develop and transform four sites during a seven week programme of works creating around a dozen new retail jobs.

The community retailer – which last month scooped Convenience Retailer of the Year at the Retail Industry Awards – will see its store in Mostyn Avenue, Craig-y-Don, re-open on Friday, 27, October, following a £350,000, four week, programme of works including a new layout, flooring and energy efficient refrigeration. This follows a new-look for its Johnstown, Wrexham, store – which, located on Ruabon Road, received an £800,000 makeover and relaunched earlier this month (October).

The petrol filling station located in Rhyl Road, Rhuddlan, is currently closed for a £1.7M investment to overhaul the forecourt with replacement infrastructure and tanks, at the same time, the store and warehouse will extend to enable the Co-op to better serve the community – the filling station and store is expected to re-open on 23 November.

While the Co-op in Ffordd Elan, Rhyl, has closed for a £600,000 extension. More than doubling in size, the new-look store will include an enhanced in-store bakery, Costa coffee dispenser and extended range, with all of the Co-op’s offering a focus on fresh healthy foods, a commitment to selling only 100% own-branded fresh British meat, award winning wines, meal ideas and, essentials.

A Co-op pop-up shop will operate at the Rhyl store, offering more than 100 lines of everyday essential – including bacon, bread and milk – everyday between 8 am-6 pm until the new-look enlarged store re-launches at the end of November.

All of the stores bring a funding boost for local good causes through the Co-op’s Membership scheme – where Members receive a 5% reward when they swipe their card when buying own-branded products, and the Co-op donates a further 1% to local good causes.

Earlier this year (April), approaching 300 good causes in Wales shared more than £500,000 through the Co-op’s Membership scheme. With a similar number set to benefit next month (November).

Good causes benefitting from the Membership scheme have included: Deganwy Playgroup; Age Concern North Wales; Home Start Conwy; Crag Y Don Playgroup; Ruthin Community Nurses Support Group; North Clwyd Animal Rescue; 3rd Prestatyn Scout Group; Rotary Club of Wrexham, and Rhyl Silver Band.

Mike Pengelly, Regional Manager for the Co-op in Wales, said: “We are delighted to have undertaken such a significant investment programme in North Wales – the investment will enable us to better serve our communities, creating employment opportunities while enabling our local Welsh suppliers to reach wider markets. The Co-op is moving forward with a clear purpose and momentum. Our ambition is to ensure each of our stores is a local hub, a real asset for the community.

“We also want shoppers to know that they can become a co-owner and member of their local Co-op. and have a say in how the organisation is run. And, that we are also giving back to the community. Our members also make a difference locally, simply by swiping their membership card when they shop with us they are raising much needed funding for organisations in their area who contribute to improving local life.”

There are offers and promotions in and around the newly launched stores. And students in North Wales holding the NUS extra card receive a 10% discount off their groceries at the Co-op to support them during their studies.

Further information about the benefits of Co-op membership and, its Local Community Fund, is available by visiting: http://www.coop.co.uk/membership/

Further information:

Andrew Torr
Co-op Press Office
M: 07702 505 551
E: andrew.torr@coop.co.uk

Source: Co-op

Les Chateaux De France, Inc. recalls bacon-wrapped scallops due undeclared milk

WASHINGTON, 2017-Oct-19 — /EPR Retail News/ — Les Chateaux De France, Inc., an Inwood, N.Y. establishment, is recalling approximately 4,225 pounds of bacon-wrapped scallops due to misbranding and an undeclared allergen, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today (Oct. 18, 2017). The products contain milk, a known allergen, which was not declared on the product label.

The frozen, raw, marinated scallops wrapped in bacon were produced on various dates from April 19, 2016 through October 13, 2017. The following products are subject to recall: 

  • 3.5-lb. plastic-lined, boxed packages containing 100 pieces of “MARINATED SCALLOPS WRAPPED IN BACON SECURED WITH A TOOTHPICK.”

The products subject to recall bear establishment number “EST. 1393” inside the USDA mark of inspection. These items were shipped to institutional locations in Delaware, Florida, New Jersey, New York and Pennsylvania.

The problem was discovered on October 17, 2017 by an FSIS Enforcement, Investigations and Analysis Officer (EIAO) while conducting a Food Safety Assessment (FSA).

There have been no confirmed reports of adverse reactions due to consumption of these products. Anyone concerned about an injury or illness should contact a healthcare provider.

Consumers who have purchased these products are urged not to consume them. These products should be thrown away or returned to the place of purchase.

FSIS routinely conducts recall effectiveness checks to verify recalling firms notify their customers of the recall and that steps are taken to make certain that the product is no longer available to consumers. When available, the retail distribution list(s) will be posted on the FSIS website at www.fsis.usda.gov/recalls.

Consumers and media with questions about the recall can contact Jerry Shapiro, owner, at (516) 239-6795 or sales@leschateauxinfo.com.

Consumers with food safety questions can “Ask Karen,” the FSIS virtual representative available 24 hours a day at AskKaren.gov or via smartphone at m.askkaren.gov. The toll-free USDA Meat and Poultry Hotline 1-888-MPHotline (1-888-674-6854) is available in English and Spanish and can be reached from 10 a.m. to 6 p.m. (Eastern Time) Monday through Friday. Recorded food safety messages are available 24 hours a day. The online Electronic Consumer Complaint Monitoring System can be accessed 24 hours a day at: https://www.fsis.usda.gov/reportproblem.

USDA Recall Classifications
Class I This is a health hazard situation where there is a reasonable probability that the use of the product will cause serious, adverse health consequences or death.
Class II This is a health hazard situation where there is a remote probability of adverse health consequences from the use of the product.
Class III This is a situation where the use of the product will not cause adverse health consequences.

Contact:
Congressional and Public Affairs
Mitch Adams
(202) 720-9113
Press@fsis.usda.gov

Source: USDA

Prada opens historic early twentieth-century mansion in central Shanghai Prada Rong Zhai

Shanghai, China, 2017-Oct-19 — /EPR Retail News/ — Prada Rong Zhai, a historic mansion in central Shanghai reimagined as a flexible site for cultural activities, to open to the public.

On October 17, 2017, Prada opens Prada Rong Zhai, a meticulously restored historic early twentieth-century mansion in central Shanghai. Designed for the distinguished family of Yung Tsoong-King a century ago, Rong Zhai is one of Shanghai’s finest Western-style garden villas. In 2011, Milan-based global fashion brand Prada began working with renovation specialist Architect Roberto Baciocchi on an epic revival of the stunning home. The result is as an emblem of Miuccia Prada and Patrizio Bertelli’s admiration of Chinese aesthetic heritage and a deep commitment to the city of Shanghai. The mansion serves as a unique site for the company’s diverse activities in China. Prada has extensive experience in rigorous historic preservation projects around the world, including the renovation of sections of the Galleria Vittorio Emanuele II, the grand nineteenth-century shopping arcade in Milan, and palazzo Ca’ Corner della Regina, an opulent baroque-era palace on the Grand Canal in Venice reconfigured as an art space. The restoration of Rong Zhai combines that experience in historic building, an abiding belief in the value of traditional handcraftsmanship, and a dynamic collaboration between Western architects and Chinese scholars and artisans. The result is a true hybrid: a dialogue between Milan and Shanghai that stands as a testament to the family that commissioned it, the numerous architects and artists who shaped it, and the teams of Chinese and Italian specialists who brought it back to its rightful grandeur.

The restoration campaign aimed to both repair damage and reinstate the historic appearance of the building’s interiors and exterior, while also making necessary structural reinforcements and functional updates. A team of Italian and Chinese specialist craftsmen was hand-selected to undertake the conservation of the building’s many ornamental and structural elements, including plasterwork, wooden paneling, stained glass, and multiple types of decorative tile. Whenever possible, fabrication and installation techniques were modeled on the traditional methods and materials utilized by the craftsmen who originally built Rong Zhai over a century ago. Deemed a Jing’an district cultural relic in 2004 and designated one of Shanghai’s remarkable historic buildings in 2005, Prada Rong Zhai is now opened to the public through a preservation effort rooted in a reverence for detail and handcraft, and the enduring relevance of historic architecture.

Prada Rong Zhai opens to the public from October 17 to November 12, 2017. On display now is an exhibition showcasing the villa restoration process as well as some of Prada’s past architectural explorations, including the restorations of Galleria Vittorio Emanuele II in Milan and Ca’ Corner della Regina in Venice overseen by Architect Roberto Baciocchi , and Epicenters in New York, Los Angeles, and Tokyo designed by OMA and Herzog & de Meuron, respectively.

“Rong Zhai has a deep connection with my family. My father, Mr. Rong Zongjing, first bought this place in 1918 after he made a successful career; he sought this place to facilitate his business management and to live with the family. After nearly 100 years, the residence was reduced from a magnificent house to an obsolete building. This renovation has been carried out in a very careful way — even the walls and stained glass were given special care to regain their original appearance. Upon completion, this residence was endowed with a brand new look, which is full of vitality and liveliness. I would like to extend my heartfelt thanks to Prada Group for bringing back the charm and grandeur to the residence. Thanks to its elaborated planning, the residence will surely become a fashion landmark of Shanghai and welcome elites and celebrities from everywhere. I believe that my father, were he still alive, would be much delighted to see it.”
— Chairman H.C. Yung

“Prada has always drawn inspiration from the arts, not least of all architecture. The study of the practical, commercial, and historical implications of buildings has played an essential role to the development of Prada’s practice, as we have been deeply involved in both contemporary architectural experimentation and meticulous historic preservation. Separately, China — the country itself and the European perception of it — has maintained a valued place in the imagination of Prada. As our various cultural activities have expanded both through the fashion company and the Fondazione Prada, we have searched for opportunities to extend our architectural and otherwise artistic explorations back to China. It was this imperative that led us to Rong Zhai, a historical landmark that can appropriately manifest our abiding commitment to Chinese culture and the European/Chinese dialogue.”
— Miuccia Prada and Patrizio Bertelli

* Yung Tsoong-King (1873–1938) was a famous tycoon, known in his day as the Flour King of China and remembered as a self-made entrepreneur with strong ties to Shanghai and the surrounding area.

FOR FURTHER INFORMATION:

PRADA PRESS OFFICE
+39 02 541921
UFFICIO.STAMPA@PRADA.COM
PRADA RONG ZHAI NO.186 NORTH SHAAN XI ROAD, JING’AN DISTRICT, SHANGHAI

THURSDAY–SATURDAY 10AM–9PM SUNDAY, TUESDAY, WEDNESDAY 10AM–5PM CLOSED ON MONDAY

Source: Prada

RUSSIA: Lenta announces the opening of its third hypermarket in Yekaterinburg

St. Petersburg, Russia, 2017-Oct-19 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its third hypermarket in Yekaterinburg.

The new store is a Lenta compact format hypermarket located in 22 bld.2, Partsyezda street, Yekaterinburg. The store has a total area of 8,075 sq.m with 5,241 sq.m of selling space and is open within 24 hours, seven days a week. A broad product assortment of 20,500 SKUs has been selected specifically for residents of Yekaterinburg and includes Lenta’s private labels and federal product ranges alongside local produce. The store has 220 parking spaces and 28 cash registers including 4 self-checkout lanes. The property is owned by Lenta.

This opening in Yekaterinburg is Lenta’s eleventh hypermarket opening in 2017 and brings the total number of Lenta stores to 202 hypermarkets in 79 cities across Russia and 67 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region.

About Lenta
Lenta is the largest hypermarket chain in Russia and the country’s fourth largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 202 hypermarkets in 79 cities across Russia and 67 supermarkets in Moscow, St. Petersburg, Novosibirsk and the Central region with a total of approximately 1,210,245 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,700 sq.m. The average Lenta supermarket store has selling space of approximately 900 sq.m. The Company operates seven owned distribution centres.

The Company’s price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 45,689 people as of 31 December 20161.

The Company’s management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta’s largest shareholders include TPG Capital and the European Bank for Reconstruction and Development, both of which are committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: ‘LNTA’.

A brief video summary on Lenta’s business and its Big Data initiative can be seen here.

For further information please visit www.lentainvestor.com

Contact:

Lenta
Тel:+7 (812) 336 39 97
E-mail: pr@lenta.com

FTI Consulting :
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@FTIconsulting.com

Source: Lenta

Delaware North brings Taste NY café at Pembroke Travel Plaza on New York State Thruway

Delaware North brings Taste NY café at Pembroke Travel Plaza on New York State Thruway

 

BUFFALO, N.Y., 2017-Oct-19 — /EPR Retail News/ — Delaware North’s travel business this week celebrated the opening of Taste NY café at Pembroke Travel Plaza, where it operates food and beverage services for the New York State Thruway on I-90 just east of Buffalo.

The café is part of a statewide campaign started by New York Gov. Andrew Cuomo to showcase New York’s food and beverage industries by promoting products made throughout the state. With initiatives like the Taste NY café, the program has created opportunities for local producers to feature their goods at a variety of landmark locations throughout the state, including Niagara Falls, and at large public events such as the Great New York State Fair in Syracuse.

“Delaware North has been serving guests in New York State for more than 100 years, so we know just how distinctive and varied the food offerings can be from all corners of the state,” said Rob Robinson, Delaware North’s district manager for NYS Thruway travel plazas. “We embrace the Taste NY program and look forward to showcasing these items for thruway travelers.”

The Taste NY café at the Pembroke Travel Plaza features a wide variety of grab-and-go snacks and drinks, including popcorn products from Jamestown Popcorn, beverages from Mayer Brothers in Buffalo, and Upstate Niagara dairy products. Hot food and beverage items, such as Zweigle’s hot dogs from Rochester and DeLima Coffee from Cicero (Syracuse), are also available.

“We’re so excited to bring visitors traveling from Western New York a taste of the region — from New York dairy to maple,” said Richard A. Ball, New York state’s agriculture commissioner. “The Taste NY program has grown dramatically since it was created by the governor and shows no signs of slowing down. I thank our partners at the Thruway Authority and Delaware North for helping to share the story of our great agricultural producers in New York and encourage agri-tourism across the state.”

Delaware North also participates in the Taste NY program in its parks and resorts division at Niagara Falls State Park by offering New York State products in its gift shops and local food offerings at the Top of the Falls restaurant.

Contact:

Charles Roberts
Comm. Specialist
250 Delaware Ave.
Buffalo, New York 14202
Email: CHRobert@delawarenorth.com
Phone: 716-858-5545
Fax: 716-858-5125

Source: Delaware North

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Florida Retail Federation: consumer spending on Halloween expected to reach $9.1 billion up from $8.4 billion last year

Average person expected to spend $86 this year on Halloween candy, costumes, decorations and greeting cards; total spending nationally to set record of $9.1 billion

TALLAHASSEE, FL, 2017-Oct-19 — /EPR Retail News/ — The Florida Retail Federation (FRF), the state’s premier trade association representing retailers for over 75 years, announced today (October 18, 2017) that consumer spending on Halloween is expected to once again set an all-time high with the average person spending more than $86, up from $83 in 2016. Total spending nationally on Halloween is expected to reach $9.1 billion up from $8.4 billion last year.

“Another year of expected record spending on Halloween festivities is great news for Florida’s retailers,” said FRF President and CEO R. Scott Shalley. “The crafty retailers in our state will be able to scare up more sales by offering special discounts and other incentives to get more people in their stores to purchase costumes, decorations and candy.”

According to a recent survey done by FRF’s national partners at the National Retail Federation, consumers are expected to spend an average of $86.13, up from last year’s $82.93, with 179 million Americans planning to partake in Halloween festivities, up from 171 million in 2016.

According to the survey, consumers plan to spend $3.4 billion on costumes (purchased by 69 percent of Halloween shoppers), $2.7 billion on candy (95 percent), another $2.7 billion on decorations (72 percent) and $410 million on greeting cards (37 percent).

According to Candystore.com, the most popular Halloween candy in the Sunshine State, based on sales data from 2007-2016, are Skittles (630,938 pounds sold), followed by Snickers (587,385) and Reese’s Cups (224,637). The top three most popular Halloween candies across the country are Skittles, Reese’s Cups and M&M’s.

Among Halloween celebrants, 71 percent plan to hand out candy, 49 percent will decorate their home or yard, 48 percent will wear costumes, 46 percent will carve a pumpkin, 35 percent will throw or attend a party, 31 percent will take their children trick-or-treating, 23 percent will visit a haunted house and 16 percent will dress pets in costumes.

Thirty-five percent of consumers will find their inspiration for the perfect costume online, while 30 percent will look in stores, 20 percent will ask friends and family, 18 percent will look to Facebook or Pinterest, 17 percent will be influenced by pop culture and 14 percent by print media.

When it comes to buying costumes and other Halloween supplies, 47 percent of shoppers will visit discount stores and 38 percent will go to a specialty Halloween store or costume store. In addition, 25 percent will visit supermarkets, 24 percent will buy at department stores and 22 percent will shop online.

Top Costumes
More than 3.7 million children plan to dress as their favorite action character or superhero, 2.9 million as Batman characters and another 2.9 million as their favorite princess while 2.2 million will dress as a cat, dog, monkey or other animal.

Costumes Ranked: Children
Action/Superhero 7.1%
Batman Character 5.5%
Princess 5.5%
Animal (Cat, Dog, Monkey, etc.) 4.1%
Spider-Man 3.6%
Star Wars Character 3.1%
Witch 3.0%
Marvel Superhero (excl. Spider-Man) 2.9%
Pirate 2.9%
Disney Princess 2.3%

Proving that Halloween isn’t just for kids, a record number of adults (48 percent) plan to dress in costume this year. More than 5.8 million adults plan to dress like a witch, 3.2 million as their favorite Batman character, 3 million as an animal (cat, dog, cow, etc.), and 2.8 million as a pirate.

Costumes Ranked: Adults
Witch 8.5%
Batman Character (Batman, Catwoman, Harley Quinn, etc.) 4.7%
Animal (Cat, Dog, etc.) 4.3%
Pirate 4.1%
Marvel Superhero (Spider-Man, Captain America, etc.) 3.8%
Vampire 3.1%
Zombie 2.6%
DC Superhero (excluding Batman, Wonder Woman) 2.3%
Star Wars Character 2.3%
Slasher Movie Villain (Jason, Scream, etc.) 2.3%
Wonder Woman 2.2%

ABOUT THE FLORIDA RETAIL FEDERATION
The Florida Retail Federation is the statewide trade association representing retailers — the businesses that sell directly to consumers. Florida retailers provide one out of every five jobs in the state, pay more than $49 billion in wages annually, and collect and remit more than $20 billion in sales taxes for Florida’s government each year.

CONTACT:

James Miller
james@frf.org
(850)701-3015

Source: Florida Retail Federation

The Australian Retailers Association (ARA) applauds ANZ Bank dual network routing

Melbourne, Australia, 2017-Oct-19 — /EPR Retail News/ — The Australian Retailers Association (ARA) are pleased to hear the ANZ Bank have agreed to route transactions on Dual Network Cards via the eftpos network, preserving consumer and merchant choice across all payment channels, and reducing transaction costs to retailers.

ARA Executive Director Russell Zimmerman said, currently Point of Sale (POS) terminals only read the first contactless application on the chip, and automatically route the transaction according to this priority, which may be at a higher cost for merchants.

“These contactless transactions on Dual Network Cards currently take this choice away from consumers and merchants, making it more difficult to manage the costs associated with different payment products and networks,” Mr Zimmerman said.

“The ability to route transactions via the eftpos network instead of the current Visa and Mastercard schemes will save merchants significant costs.”

The ARA have estimated the additional costs to the economy when Dual Network Card transactions are routed via the current system is in excess of $290 million.

“We would encourage other banks and financial institutions to allow merchants to route their transactions via the preferred network,” Mr Zimmerman said.

“Without open consumer payments and competitive domestic payment networks, merchant fees and consumer costs may rise.”

The ARA continue to meet with financial institutions and the Government to lower costs for both the merchant and consumer through advocating for the acceptance of any payment system at a low-cost.

“For consumers, it’s important to know what system your tap payment goes through, and for merchants it’s crucial to have a choice in routing,” Mr Zimmerman said.

About the Australian Retailers Association:

Founded in 1903, the Australian Retailers Association (ARA) is the retail industry’s peak representative body representing Australia’s $310 billion sector, which employs more than 1.2 million people. The ARA works to ensure retail success by informing, protecting, advocating, educating and saving money for its 7,500 independent and national retail members throughout Australia. For more information, visit www.retail.org.au or call 1300 368 041.

For interview opportunities with ARA Executive Director Russell Zimmerman call the ARA Media Line on 0439 612 556 or email media@retail.org.au

Source: Australian Retailers Association

Greggs signs the Time to Change Employer Pledge to raise awareness about mental health

Greggs signs the Time to Change Employer Pledge to raise awareness about mental health

 

Newcastle upon Tyne, United Kingdom, 2017-Oct-19 — /EPR Retail News/ — Roger Whiteside, chief executive at Greggs has taken the first step to break the silence around mental health by signing the Time to Change Employer Pledge.

By putting pen to paper on the pledge, Roger is keen to illustrate Greggs long-term commitment to raising awareness about mental health problems and putting in place the foundations to:

• raise awareness around the importance of mental health and wellbeing at work
• champion the issue by providing the resources and tools for all colleagues
• help break the culture of silence around mental health

Roger said: “I am proud to sign the Time to Change Employer Pledge on behalf of everyone involved with Greggs. The health and wellbeing of all of our colleagues is of the utmost importance to us and is a key feature of our business plan which aims to have a positive impact on people’s lives. This pledge is extremely important to us and has dedicated focus at the highest level of the business.”

Earlier this year, Greggs launched its health and wellbeing initiative, Balanced You, which covers four key areas: healthy eating and drinking, keeping active and physically well, healthy social life and good relationships and positive mental wellbeing.

Roisin Currie, people and retail director at Greggs said: “One in four people will experience a mental health issue and nine in 10 people with a mental health problem experience stigma and discrimination. With over 20,000 colleagues and millions of customers visiting our shops every week, it is our responsibility to do our bit and take action against the stigma and discrimination and help end the silence surrounding mental illness.”

Contact:

getintouch@greggs.co.uk

Source: Greggs

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PayPal service Venmo now accepted at more than two million U.S. retailers

Venmo adds mobile web checkout capabilities, purchase protection, and instant transfer to bank account; launches national brand campaign

SAN JOSE, Calif., 2017-Oct-19 — /EPR Retail News/ — Starting this week, Venmo customers can shop on their mobile phone and make purchases at more than two million U.S. retailers via the mobile web. Venmo customers can now more easily split online purchases among friends and share payments on the Venmo feed, making it easier than ever to celebrate group experiences and remove the awkwardness that comes with cash or checks.

Just in time for the holiday season, Venmo customers can shop at millions of merchants that accept PayPal – such as Lululemon, Forever 21, and Foot Locker – using their Venmo balance or linked credit card, debit card, or bank account. At launch, Venmo customers will receive a notification in their Venmo app inviting them shop. Eligible purchases made with Venmo qualify for purchase protection, which may provide a full refund if customers don’t receive an item or it’s significantly different than the description.

“Offering a way to pay at millions of retailers is a major step in the evolution of Venmo,” said Bill Ready, Chief Operating Officer of PayPal. “Our vision for Venmo is to not only be the go-to app for payments between friends, but also a ubiquitous digital wallet that helps consumers spend wherever and however they want to pay, regardless of device. Through 2017 and beyond, we will continue to evolve the payments experience that has helped make Venmo a cultural staple, while also applying that same magic to split, share and pay in new ways.”

To celebrate Venmo’s place in today’s culture, Venmo revealed this week a new brand campaign, dubbed “_______ Me,” which celebrates Venmo’s status as a household name and reminds everyone that payments can be fun. “_______ Me” takes an irreverent approach to everyday moments in which people use Venmo. The multi-platform campaign, which runs through the end of the year, includes digital, experiential, and outdoor advertising. The new campaign was created in partnership with Zambezi and Noble People.

In addition, to provide more options to easily manage and move money, Venmo customers will soon be able to instantly transfer money from Venmo to their bank accounts via eligible debit cards, providing access to funds faster than ever before for just $0.25 per transfer. Funds will typically be available in a customer’s bank account in a matter of seconds, although some banks may take up to 30 minutes. The new option will be available to all Venmo users over the coming months. Funds in a customer’s balance are immediately available to use when shopping with Venmo, and as always, there is no charge to transfer funds directly to a customer’s bank account through the original bank transfer functionality.

Businesses can now offer Venmo as a mobile payment option through the PayPal and Braintree platforms. To learn more, visit www.venmo.com/business.

About Venmo
Venmo, a service of PayPal, Inc., is a leading mobile app in the U.S. used to move money between friends and family and pay at select businesses. Venmo makes payment a fun, social experience that eliminates the awkwardness that comes with cash or checks. For more information, visit https://www.venmo.com.

About PayPal
Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (Nasdaq: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 210 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies. For more information on PayPal, visit https://www.paypal.com/about. For PayPal financial information, visit https://investor.paypal-corp.com.

Contacts:
Josh Criscoe
Venmo Communications
josh@venmo.com

Source: PayPal

Trax’s computer vision platform recognized with 2017 New Product Innovation Award from Frost & Sullivan

Trax’s unique computer vision platform allows CPG brands and retailers to increase store auditing accuracy and boost sales by 3-5%.

Singapore, 2017-Oct-19 — /EPR Retail News/ — Based on its recent analysis of the image recognition industry in Europe, Frost & Sullivan chooses Trax as winner of the 2017 New Product Innovation Award. The computer vision company was chosen for its robust product portfolio, expanded to meet the diverse needs of consumer packaged goods (CPG) companies and grocery retail segments.

In the competitive world of retail, CPG brands and retailers struggle to address the $800 billion lost each year due to preventable shelf execution issues in store. Companies are turning to image recognition technology to better understand how their products look, perform and compete on the shelf; they achieve this by using images taken inside stores by sales representatives or retail audit companies. The analytics processed from these shelf images can reduce audit times in stores by as much as 60% and achieve auditing accuracy of approximately 20% over manual auditing.

“Frost & Sullivan has found the greatest value of image recognition technology is its provision of insights on share-of-shelf — the retail level of market share, and planogram compliance—the diagram showing the placement of products on shelves to maximize sales, as well as traditional promotion and pricing compliance, and competitive insights,” said Michael Valenti, Senior Research Consultant at Frost & Sullivan. “In fact, companies that use image recognition technology for these purposes have achieved a sales increase of 3 to 5%.”

Trax expanded its original 2010 image recognition product line to better meet the needs of specialized retail segments and CPGs, adding the following products:

  • Trax Retail Execution: Designed to help consumer goods companies CPGs to receive an accurate, consistent and real-time view of their shelf and field performance across all retail channels.
  • Trax Retail Watch: Provides retailers with a single source of shelf analytics that delivers unprecedented visibility on their store aisles. This solution leverages real-time store monitoring and intelligence through IOT devices to drive operational efficiencies, improve customer experience and increase store sales.
  • Shelf Pulse by Trax and Nielsen: is a syndicated market measurement service that offers ongoing digitized measurements of brand performance on-shelf within a category, with insights on in-store shelving conditions, shelf compliance and visual proof for store activation.
  • Trax Retail Compass: is a data science solution that delivers prescriptive research to unlock growth levers for consumer goods companies and retailers by interpreting shelf conditions to sales data.

Trax designs its image recognition solutions to recognize and distinguish between similar looking products, even those with obscure or reflective packaging. Solution functionalities also include the automatic recognition of any product at a brand, sub-brand, and stock keeping unit (SKU) level. The ability to identify empty shelf spaces, products in poor lighting conditions, and partially obstructed products helps retailers reduce loss of sales.

“Trax addresses multiple retailer issues through use of its proprietary computer vision technologies to uniquely identify every product on a store shelf with digital photos taken on a sales rep’s smartphone, tablet or IOT device in the store,” said Valenti. “Trax’s solutions are really unique in that the ability to use advanced fine-grained image recognition and deep learning artificial intelligence (AI) algorithms is something that did not exist in the marketplace until Trax introduced it.”

Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leverage leading-edge technologies. The award recognizes the value-added features and benefits of the product and the increased ROI it gives customers, which in turn raises customer acquisition and overall market penetration potential.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Trax

Trax is the world leader in computer vision solutions for retail. The company enables tighter execution controls in-store and the ability to leverage competitive insights through their in-store execution tools, market measurement services and data science to unlock revenue opportunities at all points of sale. Trax does this using smartphones and tablets to gain actionable shelf analytics in real-time.  With over 175 clients, in over 50 countries, top brands such as Coca-Cola, AB InBev, Nestle, Henkel, PepsiCo and many more, leverage Trax globally to manage their in-store execution and increase revenues at the shelf. Trax is headquartered in Singapore with offices worldwide. To learn more about Trax, please visit www.traxretail.com.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.

Press Contacts:
Trax
Fei Fei Ho, Global VP Marketing & Communications
feifei@traxretail.com
+65-6224-9145

Faye Lockier (US)
Faye.lockier@aprilsixproof.com
+1 415 770 5005

Amy Drummond (Europe)
amy.drummond@aprilsixproof.com
+44 20 3141 2983

Claudia Toscano
P: 210.477.8417
F: 210.348.1003
E: Claudia.Toscano@frost.com

Source: Trax

ChannelAdvisor to host Q3 2017 Financial Results Conference Call on November 2, 2017

RESEARCH TRIANGLE PARK, N.C., 2017-Oct-19 — /EPR Retail News/ — ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to increase global sales, today announced that it will release its third quarter 2017 financial results for the period ended September 30, 2017 after 4:15 p.m. ET on Thursday, November 2, 2017. On that day, management will hold a conference call and webcast at 4:30 p.m. ET to review and discuss the Company’s results for the third quarter. A recorded version of this webcast will be available after the call and accessible at http://ir.channeladvisor.com.

What:    ChannelAdvisor Third Quarter 2017 Financial Results Conference Call

When:    Thursday, November 2, 2017

Time:    4:30 p.m. ET

Live Call:    (855) 638-4821, Passcode 2143219, Domestic

(704) 288-0612, Passcode 2143219, International

Webcast:    http://ir.channeladvisor.com (live and replay)

About ChannelAdvisor

ChannelAdvisor (NYSE: ECOM) is a leading e-commerce cloud platform whose mission is to connect and optimize the world’s commerce. For nearly two decades, ChannelAdvisor has helped retailers and branded manufacturers worldwide improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance and providing actionable analytics to improve competitiveness. Thousands of customers depend on ChannelAdvisor to securely power their sales and optimize fulfillment on channels such as Amazon, eBay, Google, Facebook, Walmart and hundreds more. For more information, visit www.channeladvisor.com.

Media Contact:

Caroline Riddle
ChannelAdvisor
caroline.riddle@channeladvisor.com
919.439.8026

Source: ChannelAdvisor

Visa and Billtrust to help streamline the reconciliation of B2B payments and increase automation of virtual card payments

SAN FRANCISCO and HAMILTON, N.J., 2017-Oct-19 — /EPR Retail News/ — Visa (NYSE: V) and Billtrust today (Oct. 17, 2017) announced a strategic partnership to help streamline the reconciliation of B2B payments and increase automation of virtual card payments for financial institutions and their corporate customers. This effort is part of a multi-pronged strategy Visa and Billtrust are pursuing to support growth in the B2B segment. Visa has also made a strategic investment in Billtrust to help accelerate Billtrust’s growth strategy.

The opportunity for corporate virtual credit cards that provide a unique 16-digit virtual account number for each payment continues to grow, providing value and efficiency over paper-based payment options such as checks. However, the process for accepting and processing virtual card payments has increased manual data entry and reconciliation challenges for accounts receivable departments. Visa and Billtrust are partnering to integrate Visa’s Straight Through Processing capabilities with Billtrust’s Virtual Card Capture solution to simplify receipt and reconciliation of B2B payments and bring automation to accounts receivable function.

“One of the key pain points for companies is the time and resources it takes to process payments,” said Taira Hall, vice president, US partnerships & new initiatives, business solutions at Visa. “Collaboration with leading partners like Billtrust helps our financial institution clients streamline the B2B payments process for their commercial customers, better support supplier needs, and simplify the process suppliers have to go through in order to accept a payment.”

Visa’s Straight Through Processing solution enables a participating issuer’s buyer to initiate a Visa commercial credit transaction directly from their accounting solution. With Billtrust’s Virtual Card Capture, payments sent to Billtrust suppliers are routed to Billtrust for processing and the funds are deposited into a supplier’s bank account on the next business day. Further, the remittance is consolidated across all payment sources and matched to corresponding open invoices.

“The integration of Visa’s Straight Through Processing and our Virtual Card Capture enables suppliers to more expediently manage a traditionally manual, cumbersome payment process,” said Flint Lane, Billtrust CEO. “With the increasing popularity of virtual cards in the B2B market, we’re solving what is quickly becoming a very critical pain point for A/R teams – one that impacts their cash flow, customer satisfaction and operational efficiency.”

“The ability to consolidate payments from all payment sources and reconcile those payments to the remittance information is the embodiment of the frictionless payments concept,” said Erika Baumann, senior wholesale banking analyst, Aite Group. “The partnership between Visa and Billtrust represents a strategic opportunity for thought leaders in the industry to serve their mutual clients by providing a path to frictionless integrated payments.”

At Money20/20 in Las Vegas, Visa and Billtrust will take the stage to share more details about the partnership and how they are working together to simplify accounts receivable processes for buyers and suppliers. Stop by the Murano Ballroom on the third floor of the Venetian on Tuesday, October 24 at 3:10 p.m. to learn more.

About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/aboutvisavisacorporate.tumblr.com and @VisaNews.

About Billtrust
Billtrust accelerates cash flow by automating invoice delivery, invoice payment and cash application. Companies can improve operational efficiency throughout the invoice-to-cash process with electronic invoicing and payments in a flexible, cloud-based solution. Finance executives and A/R specialists love and recommend Quantum, Billtrust’s payment cycle management solution, for the remarkable cost savings, ease-of-use, and improved customer satisfaction rates.

SOURCE: Billtrust