First Data 2017 Consumer Cybersecurity Study: baby boomers have better cybersecurity habits

  • Study examines consumer habits across generations
  • Data shows that baby boomers demonstrate more concern and diligence for cybersecurity than millennials
  • Millennials are more trusting of social media and less trusting of online banking than older generations

NEW YORK, 2017-Oct-13 — /EPR Retail News/ — As people around the world grapple with the latest news about data breaches and cyber threats, First Data (NYSE: FDC), a global leader in commerce-enabling technology, today announced the results of its 2017 Consumer Cybersecurity Study. The study examined how different generations view cybersecurity threats, and found that baby boomers generally have better cybersecurity habits and are more concerned about protecting their personal information than younger generations. The study is based on survey data from approximately 800 U.S. consumers.

“The results of the survey underline why businesses need to deploy state-of-the-art solutions to address the risk of cyber threats,” said EJ Jackson, Senior Vice President, Head of Security and Fraud Solutions at First Data. “Fraudsters are using increasingly complex schemes and not all consumers are employing best practices, but there is technology that can help businesses and financial institutions mitigate the risk.”

Baby Boomers are Better with Password Protection

The study showed that most Americans are still not overly concerned with password protection, although baby boomers are more diligent than millennials. Younger generations may be considered more tech-savvy than their parents’ generation, but according to the First Data study, a staggering 82% of millennials reuse passwords on websites and apps, and 42% will only change their passwords when forced.

On the other hand, a slightly smaller majority (70%) of baby boomers reuses passwords on websites and apps, and 32% change their password only when prompted.

Millennials Trust Social Media more than Online Banking

The study also looked at how generations think about online banking. Baby boomers have more trust in financial institutions than younger generations but less trust in social media sites. Baby boomers are also less likely to think that their method of online banking could be breached. One in five (19%) baby boomers thought it was unlikely there would be an online banking cyberattack compared to just 14% of millennials. When it comes to social media security, however, 63% of baby boomers thought social media was vulnerable to cyberattacks, while only 45% of millennials agreed with that statement.

In general, baby boomers showed more concern around current events as well. Only half (49%) of millennials have a heightened concern about their online security following recent cyberattacks, in comparison to 65% of baby boomers.

Baby Boomers Leading the Pack for Workplace Cybersecurity Practices Too

When it comes to the workplace, baby boomers generally exhibited better habits and understanding about cybersecurity than younger generations. The study found baby boomers are more likely to not only have a workplace security policy but also to actually review and execute on it as well.

Additional highlights around the workplace included:

  • 72% of baby boomers hardly ever store work-related data or files on their personal devices, compared to 69% of millennials.
  • 86% of baby boomers hardly ever download free applications or software to their work devices without consulting IT, compared to just 75% of millennials.
  • 34% of baby boomers always consider whether their online actions pose a cybersecurity risk for their workplace, compared to only 21% of millennials.
  • 82% of baby boomers think their employer has provided them with adequate training and resources to avoid cybersecurity risks at work, compared to 77% of millennials.

For more information, please visit the Security and Fraud Solutions section of First Data’s website.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

Media Contacts:

Hally Sheldon
Hally.Sheldon@FirstData.com
212-515-0177

Source:  FIRST DATA

Miele continues to expand its online presence in 18 new international markets with Intershop Commerce Suite

  • Premium appliances producer expands into 18 new international markets
  • Avoids expensive e-commerce re-platforming
  • Based on Microsoft Azure Cloud Germany (MCD) and SaaS model

Jena, Germany, 2017-Oct-12 — /EPR Retail News/ — Premium appliances producer Miele is continuing to expand its online presence in 18 new markets, with the Intershop Commerce Suite. The MS Azure-based software-as-a-service (SaaS) platform is already live in Australia and New Zealand and will be live in the other countries by the mid of October.

Daniel Kaschula, Head of Program Management E-Commerce, Miele explains, “We require the performance of an enterprise-grade commerce solution across our international operations, but are also mindful that our e-commerce teams in our emerging markets are relatively small. So, we opted for a solution that is both affordable and easy to manage. The modular nature of the Intershop platform allows us to upgrade the functionality of the online operation as required, without an expensive re-platforming exercise.”

Updating its e-commerce platform to the latest version of Intershop Commerce Suite, the underlying SaaS infrastructure has also moved to the Microsoft Cloud Germany (MCD) and integrates with Intershop´s Full Service image server, SAP for category and product import, as well as ERP systems ASW, Navision and IBS. Each of the 18 online channels has different feature sets, offers single sign-on and Facebook sign-in functionality for ease of use and integrates seamlessly with Miele’s warehouse systems.

Axel Köhler, COO at Intershop comments:”Miele has been a customer of Intershop since 2010. Seeing them now migrating to our latest software in combination with Azure is much more than an ´educated guess´, but a consequent move based on experience to further grow their online business. We are very happy to support them further on that.”

The Miele Company has a long and rich history of high quality engineering. “Immer besser” was established early as the company motto and stands for a commitment to the highest quality standards, longevity and improvement, both in production and business practices. This philosophy is as relevant today as it was nearly 120 years ago. With global headquarters in Gütersloh, Germany, Miele is a world leader in the production of premium domestic and commercial appliances. The Company is represented with its own sales subsidiaries and via importers in almost 100 countries. The Company’s turnover now exceeds approx. € 3.93 bn.

About Intershop

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop’s limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

SOURCE: Intershop Communications AG

Intershop Public Relations

HEIDE RAUSCH

Head of Corporate Communication

Phone: +49 3641 50-1000
Fax: +49 3641 50-1309

ABOUT YOU digital fashion shop launches in the Netherlands

Hamburg, 2017-Oct-11 — /EPR Retail News/ — Around 60% of the Dutch population purchases clothing online, and starting on the 10th of October 2017, it will be even more fun and convenient for them to shop online, with the launch of the digital fashion shop ABOUT YOU in the Netherlands.

ABOUT YOU offers more than 50,000 items by more than 500 brands, including Scotch & Soda, Zoe Karssen, Nike, Diesel, Pepe, Levi’s, Kings of Indigo, Selected Femme and Dr. Martens. Popular Dutch influencers such as Gregory van der Wiel and Claartje Rose also provide inspiration on how to combine the items together. The app technology provides users with a complete shop experience, with a priority on personalization. For example, when the user logs in, their name is added to the logo on the homepage as a personal greeting, and he or she receives custom-tailored suggestions for fashion items based on his or her previous purchases. The app also customizes the newsletter and feed to suit the client’s individual preferences. The related Instagram account with brandtags makes it even easier to shop directly.

ABOUT YOU was created by Otto Group strategist Hannes Wiese (36) and digital entrepreneurs Sebastian Betz (27) and Tarek Mueller (28) in May 2014. Their vision: online shopping should be fun and inspiring, and more than just clicking an item into a shopping cart. ABOUT YOU is the first fashion app that knows exactly what the customer wants and transfers the inspirational window-shopping experience to the ecommerce. The user-friendly shopping app with the pay-off “We love how you express yourself” offers a complete online shop experience for the 20-40 demographic, of which 70 percent are users of mobile devices.

In just three years’ time, the company has grown to become Germany’s second largest online clothing retailer, and it has since released versions for Austria, Switzerland and Belgium, in addition to the Netherlands. A further expansion to Eastern Europe is planned for 2018 as well. With a projected revenue of € 275 million in 2017 and a growth rate of over 100 per cent, the company is one of the fastest- growing ecommerce startups in Europe.

“The Netherlands is an exciting step for ABOUT YOU, because the Dutch have a great sense of style, but the market doesn’t have a shop like this yet. A platform where you can not only shop, but that also offers an experience based on your personal preferences. We look forward to working together with Dutch influencers and the continuing growth of ABOUT YOU”, says Tarek Mueller, co-founder and Managing Director.

About ABOUT YOU

ABOUT YOU GmbH is a subsidiary of Collins GmbH & Co. KG, a part of the Otto Group of companies. In 2014, Exciting Commerce named the firm its Startup of the Year. ABOUT YOU has also received the Internet World Business ‘Best Online-Pure Player’ award in 2015 and 2017, the ‘Shop Usability Award 2015’ and the prestigious Deutscher Handelspreis 2015 in the category ‘innovation’. With an expected revenue of € 275 million in 2017 and a growth rate of over 100 per cent, ABOUT YOU is one of Europe’s fastest-growing e-commerce startups.

Media Contact:

ABOUT YOU GmbH
Muschda Sherzada-Rohs
Domstraße 10
20095 Hamburg
Phone: +49 40 638 569 212
Mail: muschda.sherzada@aboutyou.de

Press Contact Holland
ICONIC STUDIOS Passeerdersgracht 17A
1016 XG Amsterdam
Phone: +31 20 354 71 15
Mail: Omyra@iconicstudios.amsterdam

Source: OTTO Group

Klarna UK Consumer Survey: Retailers must develop emotional intelligence to win over new generation of online shoppers

Millennial generation three times more likely to feel excitement while adding items to their online basket, compared to older shoppers

Negative emotions also play a role in decision-making – with millennials more than five times as likely as over 55s to feel guilt at the point of payment

LONDON, 2017-Oct-06 — /EPR Retail News/ — Retailers must develop emotional intelligence (EQ) and alter their customer journey accordingly to nudge shoppers to a better online experience

A consumer research study recently put out by Klarna UK also shows that 16 – 34-year olds are more likely than older generations to be influenced by emotional factors when shopping online.

The millennial emotional rollercoaster of the millennial customer journey

For the millennial generation – the largest group of online shoppers – the traditional linear customer journey is more akin to a rollercoaster, marked by highs and lows of emotion. According to Klarna UK’s consumer research, millennials experience higher levels of anxiety, impulsiveness and impatience than their older counterparts. Klarna UK’s consumer research shows two thirds (68 percent) of millennials reported feeling excitement when adding items to their online basket, compared to less than a quarter (24 percent) of people over 55.

The flip side of this excitement is lows caused by anxiety and guilt, with 52 percent of millennials saying that they worry that they can’t afford the purchase during checkout, compared to only 16 percent of over 55s. One in five millennials have abandoned a purchase because of worry about regretting it later.

Increasing merchant EQ

The extremes of emotion experienced by millennials must be navigated carefully so retailers can effectively guide this group through the purchase process.

Allowing shoppers to try before they buy is an easy way to build brand loyalty – findings from Klarna UK’s consumer research shows that 20 percent of millennials would feel less guilty if they were offered deferred payment options, and one in five would be more likely to complete a purchase if they knew they could spread the cost over time. It’s vital that merchants offer these choices at the checkout – so millennials can be reassured a transaction is achievable.

The buzz of the basket

The consumer research debunks the myth that items added to a basket show a clear intention to purchase. In fact a significant 89 percent of millennials use the basket as a tool to review costs, while more than three quarters often use their basket as a wish list, compared with only 29 percent of over 55s. Meanwhile, nearly three quarters (74 percent) admit to indulging in ‘buzz browsing’ – adding items to a basket with no clear intention to buy.

Crucially, 58 percent of millennials are more likely to complete a purchase if an online offer is going to expire, so tapping into this fear of missing out by offering time bound incentives and educating shoppers about pay after delivery or consumer finance options can encourage customers to complete their purchase. Simple website features such as showing stock levels and displaying expert advice from social influencers can all help retailers nudge this important group of consumers to checkout.

Luke Griffiths, UK General Manager, Klarna, said: “Our insight proves that the online customer journey is more complex than ever, with shoppers being driven by emotional factors. Retailers must develop EQ to deliver a positive online customer experience that smooths the highs and lows.

“Payment is still a sticking point for many consumers – with one in four feeling frustrated when the checkout doesn’t remember their details and one in four millennials saying that they are more likely to complete a purchase if one-click payments are in place. Competition in the marketplace is fierce, winners will be retailers that build shopper affinity by offering a fast, easy checkout with flexible payment options.”

And new analysis by the University of Reading, commissioned by KLARNA UK, offers advice for retailers on how to engage hearts as well as minds to reach today’s online shopper, while offering academic insight into future commerce trends.

Dr. Julia Vogt, assistant professor in Psychology at the University of Reading, commented: “Applying behavioural psychology can help us understand what consumers love and hate about online shopping. Emotional factors can cause hesitation in the process which can derail a purchase right up until the final payment. By understanding the role of heart as well as the head, retailers can create effective customer engagement strategies to nudge consumers to conversion.”

Visit www.klarna.com/uk/emotion to find more data and insight, including:

  • Analysis and advisory report for merchants – Emotional eCommerce – from Klarna UK and Reading University
  • Infographics on the generational and gender differences of online shoppers
  • Infographic on millennial emotions at each stage of the online buying journey
  • Animation summarising millennial shopping behaviour and advice for merchants

 

About Klarna

Klarna is Europe’s leading payments provider, that aims to make the payment process simple, smooth and safe for customers and merchants. The company, founded in 2005, was recently named as one of the top disrupter companies in the world by CNBC. Klarna works together with 70,000 merchants to offer payment solutions to more than 60 million users in Europe and North America. Klarna has 1,500 employees and is active in 18 countries.

NACS appoints Brandon Kramer as marketing manager

​ALEXANDRIA, VA, 2017-Oct-05 — /EPR Retail News/ — Brandon Kramer has joined NACS as a marketing manager, where he will be jointly responsible for the ongoing evolution and development of marketing vision and strategy for NACS membership, products and services, and events, including one of the nation’s top 40 tradeshows, the NACS Show.

Kramer comes to NACS after having worked at the National Business Group on Health as a marketing analyst. He has also spent time at the Communities in School National Office as well as at Meals on Wheels America.

Kramer holds an M.B.A. from the University of Maryland.  He obtained a B.A. in electronic filmmaking and digital design from Farleigh Dickinson University.

NACS advances the role of convenience stores as positive economic, social and philanthropic contributors to the communities they serve. The U.S. convenience store industry, with more than 154,000 stores nationwide selling fuel, food and merchandise, serves 160 million customers daily—half of the U.S. population—and has sales that are 10.8% of total U.S. retail and foodservice sales. NACS has 2,100 retailer and 1,750 supplier members from more than 50 countries.

Source: NACS

Naspers acquires Rocket Internet’s stake in Delivery Hero; increases its stake to 23.6%

BERLIN, Germany, 2017-Oct-02 — /EPR Retail News/ — Delivery Hero Group (“Delivery Hero”), the leading global online food ordering and delivery marketplace, today announced that Naspers increased its stake in Delivery Hero from 10.6 percent to 23.6 percent by acquiring 22,359,857 shares that were previously held by Rocket Internet.

Naspers is one of the largest internet investors in the world, holding minority stakes in digital players such as Tencent, Mail.Ru or Flipkart.

Niklas Östberg, CEO of Delivery Hero, said:

“We know the Naspers management team for a couple of years and built very close and trustful relationships. They came in as a long-term shareholder, committed to Delivery Hero, committed to the vision and values of our company and management team. We are excited about their willingness to increase their stake as they have seen our business develop.

Bob van Dijk, CEO of Naspers, said:

“Delivery Hero is already the leading online food ordering and delivery marketplace in most of the countries in which it operates and our increased investment demonstrates our confidence in the long-term prospects for the company. The food delivery sector is still underpenetrated and growing rapidly across the world. Many markets have experienced significant traction already, but we believe the potential is far greater in high-growth markets than that observed in the West.”

The transaction is subject to regulatory approval, will be funded from existing resources, and is expected to close in the first quarter of 2018. 

About Delivery Hero
Delivery Hero is the leading global online food ordering and delivery marketplace with number one market positions in terms of restaurants, active users and orders in more countries than any of its competitors and online and mobile platforms across 40+ countries in Europe, the Middle East & North Africa (MENA), Latin America and the Asia-Pacific region. Delivery Hero also operates its own delivery service primarily in 60+ high-density urban areas around the world. The Company is headquartered in Berlin and has over 6,000 employees in addition to thousands of employed delivery drivers.

For more information, please visit www.deliveryhero.com.

Media Enquiries

Bodo v. Braunmühl
Head of Corporate Communications
bodo.braunmuehl@deliveryhero.com

SOURCE: Delivery Hero AG

LS Retail and Dynamicweb to deliver omni-channel retail solution

A two-way connector tying together LS Nav and the Dynamicweb e-commerce and marketing platform will soon be available to retailers worldwide.

Kopavogur, Iceland, 2017-Oct-02 — /EPR Retail News/ — The connector will enable real-time communication between Microsoft Dynamics NAV, LS Nav and Dynamicweb, seamlessly connecting the offline operations and the e-commerce platform. The resulting solution provides retailers with a solid foundation for delivering the omni-channel experience modern customers demand.

“Today’s consumers expect retailers to be on all sales channels, at all times. With Dynamicweb, retailers now have a new way to fulfill their customers’ demands easily, without having to juggle multiple, disconnected systems,” says Magnus Norddahl, CEO and President at LS Retail.

“Retailers are looking for robust omni-channel solutions that are fast and easy to implement. LS Retail and Dynamicweb definitely share this vision. With this combined solution we aim to set new standards for omni-channel out-of-the box functionality”, says Christian Beer, CEO at Dynamicweb.

The LS Retail and Dynamicweb partner ecosystems partially overlap, so several partners already know how to implement both systems.

The entire solution is available in the Microsoft Azure cloud, on premises or as a hybrid cloud solution, depending on user preferences.

SOURCE: LS Retail ehf.

 

LS Retail releases LS Activity software solution to manage courses, events and reservations

LS Retail releases LS Activity software solution to manage courses, events and reservations

We have released LS Activity, a software solution to manage various types of courses, events and reservations.

Kopavogur, Iceland, 2017-Oct-02 — /EPR Retail News/ — LS Activity enables businesses to handle a wide variety of services – from appointments, to classes, to events, to ticketing, to reservations of space, resources and equipment, and more – in just one system. LS Activity is available as an extension to LS Nav, LS Retail’s successful business management software built on Microsoft Dynamics, currently used in over 64,000 retail stores and restaurants worldwide.

LS Activity features tools to support businesses with multiple locations. The system enables managers to handle and oversee from headquarters bookings, courses and more, for all of their outlets.

“Having to juggle multiple, disconnected systems is one of the biggest challenges retailers and hospitality companies face today,” says Magnus Norddahl, CEO and President at LS Retail. “We hear it all the time: companies implement separate software solutions to manage different parts of their business – and then they encounter integration problems, can’t reconcile their data, and waste a lot of work hours trying to make sense of it all. With the release of LS Activity, we are staying true to our company slogan ‘We make business easy’ by enabling retail and hospitality companies to manage even more aspects of their business in just one platform,” he adds.

LS Activity includes tools to manage activities as diverse as spa bookings, golf course reservations, dog training courses, cooking classes, conference organization, and more. “The system features numerous setup possibilities, and can support retailers needing extra capabilities to manage appointments and courses, as well as hospitality companies that have reservations and events at the core of their business. Many of our customers have been asking for a software solution with these characteristics, and we are proud to say that LS Activity can do all they asked for, and more,” concludes Magnus.

LS Activity is available as an add-on to LS Nav through LS Retail’s worldwide network of partners.

SOURCE: LS Retail ehf.

 

ChannelAdvisor announces plans for a new office in Denver, Colorado

Denver office will mark the fourth ChannelAdvisor office in North America

Research Triangle Park, NC, 2017-Oct-02 — /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 it will expand its footprint with plans for a new office in Denver, Colorado. The Denver office will support additional members of the company’s sales organization, an expansion designed to enable growth.

“Denver was recently ranked as one of the top 10 metro areas creating tech jobs[1], so we’re excited about accessing this new pool of talent,” said Paul Forte, ChannelAdvisor Chief Revenue Officer. “Adding an office located more centrally in the US will also provide us greater proximity to customers and prospects.”

According to U.S. News & World Report, Denver is one of the best places to live in the U.S in 2017,[2] due to quality of life, job market strength and net migration, among other factors.  “At ChannelAdvisor, we’ve worked to create a highly collaborative and innovative culture where we work hard, and encourage our employees to recharge often,” said Amy Robertson, ChannelAdvisor Chief People Officer. “Denver provides a perfect backdrop for employees to thrive with access to parks, major league sports, amazing restaurants and a booming tech scene.”

ChannelAdvisor most recently opened a development office in Madrid, Spain. With 11 global locations, ChannelAdvisor is well positioned to serve global demand.

The company is actively hiring for sales positions that would report in to the Denver office. For more information on career opportunities, please visit www.channeladvisor.com/careers

For a full list of ChannelAdvisor’s office locations, please visit www.channeladvisor.com/about/our-locations.

[1] https://www.forbes.com/sites/joelkotkin/2017/03/16/technology-jobs-2017-san-francisco-charlotte-detroit/#643d786138f6

[2]https://www.usnews.com/info/blogs/press-room/articles/2017-02-07/us-news-unveils-the-2017-best-places-to-live

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

ChannelAdvisor shortlisted for the NC Tech Awards for E-Commerce Use of Technology award

Company aims for second E-Commerce Use of Technology award

Research Triangle Park, NC, 2017-Oct-02 — /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 has been selected as a finalist for the NC Tech Awards for the Use of Technology, E-Commerce award. The NC Tech Awards is North Carolina’s only statewide technology awards program that recognizes for achievement in technology and is presented by the North Carolina Technology Association (NCTA).  The Best Use of Technology for E-Commerce category celebrates the development or implementation of technology to improve the online purchasing experience for customers. ChannelAdvisor was previously honored with this award in 2014.

“For nearly two decades, we’ve helped our customers with their e-commerce success. We’re incredibly proud of what we’ve built and where we continue to innovate,” said David Spitz, ChannelAdvisor CEO. “It’s an honor to be named a finalist for this award, which recognizes the hard work our team has contributed over the last year.”

“For over 20 years, the NC Technology Association has celebrated companies, organizations and individuals for outstanding achievement at the NC Tech Awards.  As a finalist this year, ChannelAdvisor has distinguished itself as one of the state’s innovative and emergent leaders,” stated Brooks Raiford, NCTA’s President and CEO.

The awards process culminates with the NC Tech Awards Gala on November 9, 2017 at the Sheraton Imperial Hotel & Convention Center in Durham where hundreds of business, technology and public leaders from across the state will gather to celebrate the tech sector and honor the winners and finalists in each category.

For more details about ChannelAdvisor, visit our blog, follow us on Twitter @ChannelAdvisor, Like us on Facebook and connect with us on LinkedIn.

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

ChannelAdvisor to offer sellers an integration to amazon.com.au

E-Commerce platform announces integration with Amazon.com.au

Melbourne, Australia, 2017-Oct-02 — /EPR Retail News/ — ChannelAdvisor Corporation (NYSE:ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and manufacturers to increase global sales, today announced it will offer sellers an integration to amazon.com.au. Amazon has announced that they are making plans to launch Amazon Marketplace in Australia.[1] The marketplace will offer a range of products including products sold by third-party retailers. ChannelAdvisor has created this integration to enable its customers in Australia to sell on amazon.com.au when the marketplace is launched.

“Like all channels, the right data is the key to success. Amazon is no different. Using that data allows retailers to know what the competition is doing and gain insights about their performance to drive strategy and leverage the opportunities available,” said Simon Clarkson, Managing Director of ChannelAdvisor Australia.  “Streamlining processes is also vital when it comes to marketplaces like Amazon. We have the tools to help retailers and brands list products, assist with order management and fulfilment, create customisable reports and improve seller reputation.”

ChannelAdvisor’s integration will enable retailers to launch, track and automate inventory from one central platform, eliminating duplicate product data and preventing potential overselling scenarios.

There has been much anticipation surrounding Amazon’s arrival in Australia for retailers and consumers alike. A Nielsen survey conducted earlier this year revealed that three-quarters of Australians aged 18 and above are interested in Amazon and 56% say they are likely to buy from the Australian site. The survey also found that electronics, books and clothing were the most likely products to be bought from Amazon.[2]

“It’s all about working with our customers to leverage their presence, reach their strategic business goals and enhance the buying experience. We’re excited to support sellers on amazon.com.au,” said Clarkson. “The potential for both retailers and consumers is huge.”

For more details about ChannelAdvisor, visit our blog, follow us on Twitter @ECOMapac, Like us on Facebook and connect with us on LinkedIn.

[1] https://www.businessinsider.com.au/heres-amazons-full-statement-on-its-entry-into-australia-2017-4

[2]http://www.nielsen.com/au/en/insights/news/2017/amazons-aussie-arrival-consumers-respond-to-the-newest-player-in-our-retail-jungle.html

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

ChannelAdvisor enhances platform capabilities to help sellers improve marketing, selling and fulfilling

E-Commerce Solution Delivers New Capabilities to Help Sellers Improve Marketing, Selling and Fulfilling

Research Triangle Park, NC, 2017-Oct-02 — /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 new platform capabilities to help customers strengthen their business operations and propel growth in a competitive market. The theme of company’s second release this year is “Connecting Commerce through Marketing, Selling and Fulfilling” and focuses on ways to help sellers compete with improved marketing capabilities, enhanced pricing solutions and predictive demand forecasting.

“Our customers are facing critical challenges orchestrating the consumer’s path to purchase–whether that’s offering differentiated marketing messages and compelling pricing or accurately forecasting demand,” said Mark Vandegrift, vice president of product management, Marketplaces at ChannelAdvisor.  “This new release delivers tools and innovative technology that help sellers differentiate their offerings to their customers and scale their businesses.” Included within the release, ChannelAdvisor’s Price Manager helps improve a seller’s price strategy. “Pricing is certainly the most important factor to a potential buyer and Price Manager has allowed us to price seamlessly across all our channels.” said Joe Sager, director of operations at Sports By Sager, Inc.

New innovations that help retailers and branded manufacturers manage customer satisfaction throughout the customer lifecycle include:

Marketing

  • Amazon Marketing Services (AMS) – Vendors that effectively manage their AMS spend (or investments) are well positioned to win business. According to Bloomreach, over 55% of product searches start on Amazon, which means that advertising on Amazon is a must have, not a nice to have to reach shoppers.[1] ChannelAdvisor’s AMS integration offers a rich solution that can help save time, optimize ad placement and offer business insights through valuable custom reports. With an integration into Amazon’s API, ChannelAdvisor can assist customers in managing their AMS accounts, allowing them to have more access to data and enable automated bidding, suggested keywords, and bulk change management.

Selling

  • Price Manager – ChannelAdvisor’s Price Manager helps sellers with their pricing strategy across marketplaces and webstores. This new pricing technology supports sellers as they work to become more competitive by creating a successful multi-channel pricing strategy. ChannelAdvisor’s Price Manager simplifies the management and execution of complex pricing rules as part of the overall pricing strategy to help sellers remain competitive. “Price Manager should be seen as a necessity for sellers. It has helped us gain margin and stay competitive through the use of multiple repricers.” said Joe Caldwell, e-commerce manager, SIM Supply, Inc.
  • Demand Forecaster – Using data gathered from over 70 different marketplaces, ChannelAdvisor’s Demand Forecaster uniquely provides critical insights into product-level demand by supplying a target forecast to inform data-driven, tactical inventory decisions. With ChannelAdvisor’s proprietary algorithm sellers can leverage machine learning to create targeted product inventory forecasts that suggest how many units the seller may want to source, how much inventory the seller may want to keep on hand, what quantity the seller may want to supply to Third-Party Fulfillment, and the answers to a host of other important strategic questions that can improve sales while limiting risk and exposure.

Fulfilling

  • Support for eBay Guaranteed Delivery – Using this feature formalizes what millions of eBay buyers already experience: Fast, reliable fulfillment for millions of orders, many of which ship for free. Now, eBay shoppers will be able to filter out search results based on guaranteed delivery days.
  • Seller Fulfilled Prime in UK and Germany – ChannelAdvisor has extended this program to the UK and Germany. Seller Fulfilled Prime allows sellers on Amazon Marketplace to offer products with Prime badging, without having to utilize Fulfillment by Amazon (FBA). The Seller Fulfilled Prime program can enable sellers to increase their sales by gaining access to the Prime customer base as long as they uphold the commitment to maintain the high quality bar Amazon has set.

To learn more about ChannelAdvisor’s expanded product release, register to attend our webinar on Tuesday, October 10th at 8am PDT, 11am EDT | 4pm BST.  During the webinar, Jonathan Laverentz, product marketing manager and Gregg Shupe, senior product marketing manager, ChannelAdvisor, will provide an in-depth look at the newest tools, insights and functionality now available in this product release.

[1] https://www.cnbc.com/2016/09/27/amazon-is-the-first-place-most-online-shoppers-visit.html

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

Toys“R”Us partners with Mirakl to support the creation of new online marketplace for Toys“R”Us® and Babies“R”Us®

Wayne, NJ, 2017-Sep-29 — /EPR Retail News/ — Toys“R”Us, Inc. today announced that it has entered into an agreement with Mirakl, the leading global marketplace solutions provider, to support the creation of a new online marketplace for the Toys“R”Us® and Babies“R”Us®businesses in the United States and Canada. The platform, set to launch in 2018, will enable Toys“R”Us to increase its product selection and decrease time to market for new merchandise, as part of the company’s commitment to serve its customers whenever, wherever and however they want to shop.

“As the leading toy and baby retailer, customers expect us to have the latest and greatest assortment of products available. The marketplace model provides the opportunity to accomplish just that,” said Lance Wills, TRU Global Chief Technology Officer. “We look forward to working with Mirakl, and its experienced team, to bring this user-friendly shopping option to our customers.”

Beyond enhancing its breadth and depth of selection, the online marketplace will allow Toys“R”Us to leverage data from third-party products and sellers to identify potential, new retail partners and influence the company’s in-store offerings.

“When we met with the Toys“R”Us team, it was evident they have a clear vision for the future of their business,” said Adrien Nussenbaum, U.S. CEO and co-founder, Mirakl. “We are confident in our ability to support their growth objectives with our Mirakl Marketplace Platform, and we are honored to become one of their trusted partners. We’re thrilled to help Toys“R”Us successfully launch and operate its marketplace and bring joy to millions of more consumers.”

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 885 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 810 international stores and over 255 licensed stores in 38 countries and jurisdictions. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection of distinctive toy and baby products. Toys“R”Us, Inc. is headquartered in Wayne, NJ, and has nearly 65,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Over the past three decades, the Company has given more than $100 million in product donations to children’s charities. Since 1992, the Toys“R”Us Children’s Fund, a public charity affiliated with Toys“R”Us, Inc., has also donated more than $130 million in grants.  For more information, visit Toysrusinc.com or follow @ToysRUsNews on Twitter.

About Mirakl
Mirakl gives retailers and brands a fast path to increase customer value by launching an online marketplace. The increased value exceeds customer expectations by providing more products, at better prices, with superior service. The Mirakl Marketplace Platform automates the hard things: Seller onboarding, product data management, service quality control, and order distribution; on an API-based solution that’s modular and easy to integrate. Over 100 customers operating marketplaces in 40 countries trust Mirakl’s proven expertise and technology including Hewlett Packard Electronics, Toys”R”Us, 1-800-Flowers, Urban Outfitters, Best Buy Canada, Carrefour, Darty, Galeries Lafayette and Halfords. Founded in 2012, Mirakl helps companies provide a better customer experience as part of their omni-channel strategy. For more information: www.mirakl.com

SOURCE: Toys“R”Us, Inc.

MEDIA CONTACT

Corporate Communications
1(973) 617-5900 press@toysrus.com

NRF’s Shop.org conference will include keynotes from CEOs, startup founders and entertainment luminaries

WASHINGTON, 2017-Sep-23 — /EPR Retail News/ — CEOs, startup founders, top business school professors and entertainment luminaries will discuss the changing retail landscape and how digital commerce is transforming business to better engage consumers as more than 2,500 leading members of the ecommerce community gather in Los Angeles later this month for the National Retail Federation’s annual Shop.org conference.

“This year’s conference attendees will have the opportunity to learn from an unprecedented array of the most remarkable players in retail, technology, entertainment and business overall on topics that are critical to today’s transformative and dynamic retail environment,” NRF Senior Vice President for Retail Strategy Cristina Ceresoli said. “Our goal is that they walk away inspired and informed, taking with them practical skills and knowledge that are quickly translatable in their current business practices so they can continue to grow and succeed.”

The September 25-27 conference will include keynotes from industry leaders and other experts, including:

September 26:

Tyra Banks, creator, “America’s Next Top Model,” and chairwoman and CEO, The Tyra Banks Company
Michael White, senior vice president and chief technology officer, Disney Consumer Products and Interactive Media
Marc Lore, president and CEO, Walmart eCommerce U.S.
Andrew Nusca, digital editor, Fortune
Adam Goldenberg, co-founder and co-CEO, TechStyle Fashion Group
Gregg Renfrew, founder and CEO, Beautycounter
Mariam Naficy, founder and CEO, Minted
Danielle Weisberg, co-founder and co-CEO, theSkimm
Carly Zakin, co-founder and co-CEO, theSkimm

September 27:

Scott Galloway, clinical professor of marketing, New York University Stern School of Business, and founder and chairman, L2
Adam Grant, professor, University of Pennsylvania Wharton School of Business
Mindy Grossman, president and CEO, Weight Watchers International Inc.
Roger Rawlins, CEO, DSW Inc.
Rachel Blumenthal, founder and CEO, Rockets of Awesome
Tracy DiNunzio, founder and CEO, Tradesy
Graham Stanton, co-founder and senior vice president for performance marketing, Peloton
Max Levchin, founder and CEO, Affirm
James Rhee, executive chairman and CEO, Ashley Stewart, and founder and president, FirePine Group
Omar Miller, actor, producer and global director, Big Easy Productions
Kobe Bryant, five-time NBA champion, CEO, Kobe Inc., and general partner, Bryant Stibel

On September 26, feature stage speakers presented by Fast Company will include Contributing Editor Verena Von Pfetten, Thrive Market founder and Chief Strategy Officer Gunnar Lovelace, CVS Caremark Senior Vice President and Chief Digital Officer Brian Tilzer, Panera Bread Vice President for Experience Design Mark Berinato, Wayfair Next Director Mike Festa and Pinterest Head of Retail Strategy Amy Vener.

On September 27, the feature stage will include Digital Prophets Network Founder and President Elaine Rubin, Barnes & Noble, Nook Chief Digital Officer Fred Argir, Orvis Chief Information Officer and Vice President for Information and Interaction Dave Finnegan and Future Laboratory CEO Trevor Hardy.

In addition to the speakers on the main stage and feature stage, breakout sessions will provide tactical insights into ecommerce, innovation, consumer trends and more. Highlights include:

  • 7.5 Billion Bosses: Consumers are in Charge Now – Kate Ancketill, CEO and founder, GDR Creative Intelligence.
  • Going Gaga for Brands in La La Land – Nina Ojeda, columnist, Inc. Magazine; Mondy Herndon, vice president for ecommerce, TOMS; and Jane Fisher, co-founder, Harper Wilde.
  • Putting the ‘Instant’ in ‘Instant Gratification’ – Tammy Everts, chief experience officer, Speedcurve; Luke Chatelain, vice president for innovation, West Elm; and Grace Glenny, senior director for site merchandising, Target.
  • They Want It All: The Empowered Consumer – Nick Worth, chief marketing officer, Selligent; Rick Ton, director of membership and product marketing, Sam’s Club; and Benjamin Weiss, senior product manager, Walgreens.
  • Loyalty Building Strategies from Cult Brands – Rebecca Kaden, partner, Maveron; Dave Cho, co-founder and CEO, Soko Glam; Bobby Farahi, co-founder and CEO, Dolls Kill; and Joey Zwillinger, co-founder, Allbirds.
  • Not Just Mini-Millennials: What Makes Gen Z Unique – Dan Coates, president, Ypulse; Chad Kessler, global brand president, American Eagle Outfitters; and Caren Sinclair-Kay, president, Dormify.
  • Digital Sleuths: How Kohl’s is Increasing Conversion and Elevating Customer Experience – Sarah Rasmusen, vice president for digital merchandising and analytics, Kohl’s; and Jess Simpson, principal, Deloitte Consulting.
  • Viral Marketing in the YouTube Era – Shane Murphy, vice president for marketing, AdRoll; and Bryant Garvin, director of digital marketing, Purple.
  • A New Era of Retail: Advice from Venture Capitalists – James Rhee, executive chairman and CEO, Ashley Stewart, and founder and president, FirePine Group; Rebecca Kaden, partner, Maveron; Jordan Nof, head of investments, Tusk Ventures; and Hans Tung, managing partner Silicon Valley, GGV Capital.
  • Conversational Commerce and the Rise of the Robot – Healey Cypher, CEO and founder, OAK; Jennifer Tvedt, global director of project management and performance, Nike Inc.

Complimentary registration is available to editorial members of the news media as well as accredited retail analysts and bloggers. For more information, visit the Shop.org media registration page.

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:

Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

First Data to provide secure commerce solutions for Valley National Bank merchant clients

First Data and Valley National Bank join forces to enable growth for businesses across the Valley National Bank franchise

NEW YORK, 2017-Sep-19 — /EPR Retail News/ — Today (15 Sep 2017) First Data (NYSE: FDC), a global leader in commerce-enabling technology, and Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NYSE:VLY), announced that they have entered into a long-term agreement to provide secure commerce solutions for the bank’s merchant clients. The referral relationship will provide First Data’s cutting-edge solution suite, including First Data’s Clover platform, to Valley National Bank’s business client base across their network of more than 200 branches in New Jersey, New York, and Florida.

“Valley National Bank has a long history of providing its clients with superior service, and we are thrilled to be in business with this terrific partner,” said Chris Foskett, Executive Vice President, Head of Business and Corporate Development, First Data. “Like Valley National Bank, First Data is focused on bringing personalized service and customized solutions to our clients. We look forward to supporting Valley National Bank’s clients with our innovative solution suite.”

“We are excited about the opportunity to partner with First Data as we continue to focus on simplifying payment processing solutions for our commercial clients,” remarked Valley National Bank Senior Executive Vice President and Chief Consumer Banking Officer, Dianne Grenz. “This new relationship will help us deliver the unique and innovative solutions our business clients need to be successful in today’s global commerce industry.”

As part of the long-term deal, Valley National Bank’s merchant clients will have access to First Data’s Clover platform, a comprehensive suite of hardware and software point-of-sale solutions that supports businesses of all sizes. The platform features 300 apps designed to help businesses run more efficiently, as well as the recently-announced Clover Flex, a smart payment terminal that fits comfortably as a handheld device or on the countertop. The Clover platform also features Clover Capital, a financing solution designed to help small and mid-sized merchants meet their ongoing liquidity requirements by providing rapid access to capital.

In addition, First Data’s Clover platform allows for easy integration with software that caters to specific business segments, such as restaurants, hair salons, or specialty retailers. Through these integrations Clover can meet the unique needs of merchants across a variety of verticals. Valley National Bank will also have access to First Data’s eCommerce solution set, which includes a range of tools for everyone from local small businesses to large retailers to seamlessly accept online or mobile transactions.

For more information, visit valleynationalbank.com/clover.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

About Valley

Valley National Bancorp is a regional bank holding company headquartered in Wayne, New Jersey with approximately $23 billion in assets. Its principal subsidiary, Valley National Bank, currently operates over 200 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island, and Florida. Valley National Bank is one of the largest commercial banks headquartered in New Jersey with Executive Offices in Manhattan and West Palm Beach. Helping communities grow and prosper is the heart of Valley’s corporate citizenship philosophy. For more information about Valley National Bank and its products and services, please visit www.valleynationalbank.com.

Media Contact:
Liidia Liuksila
First Data
212-515-0174
Liidia.Liuksila@FirstData.com

Marc Piro
Valley National Bank
973-686-5461
mpiro@valleynationalbank.com

Source: First Data

Mark your calendars! Flipkart’s The Big Billion Days Sale 2017, September 20 to September 24, 2017

The festive season’s almost here, and so is India’s biggest shopping festival! Save the date and keep your wishlists at the ready to start shopping at The Big Billion Days Sale from September 20 to September 24, 2017.

Bengaluru, India, 2017-Sep-13 — /EPR Retail News/ — Upto 90% off, over 80 categories and five whole days of guilt-free and stress-free shopping. Yes, we’re talking of Flipkart’s The Big Billion Days 2017. Mark your calendars for this week.

And India’s biggest sale is even more special this time around — Flipkart is celebrating 10 years of bringing billions of Indians together on one massive platform. So it’s only fair, that the deals are bigger and the happiness is multiplied this festive season.

When does fun begin?

The 4th edition of The Big Billion Days 2017 sale runs from September 20 to September 24, 2017. Mark your calendars and start prepping your wishlists. And watch this space for more updates on discounts, deals and special offers.

What’s in store?

A marathon of deals and offers that’ll help you shop more and pay less —  up to 90% off on products across categories and some crazy deals on phones, furniture, fashion, large appliances and more.

We’ve also got your back with No Cost EMIs, Debit Card EMIs, Product Exchange offers, Buy Back Guarantee, Buy Now, Pay Later. And if you’re a SBI Debit & Credit card holder, you’ll get an additional 10% instant savings across all platforms.

A celebration for India 

“The Big Billion Days is a celebration for India because it flags off and sets the tone for festive shopping in the country. Over the years, it has grown from being Flipkart’s largest shopping carnival, to being synonymous with the festive season and Indians now relate to is as the #1 festive sale in the country.”  – Kalyan Krishnamurthy, CEO, Flipkart

Get your billion wishes fulfilled very, very soon, and watch this space for more updates as we help you navigate the country’s biggest sale and celebrate 10 years of a platform that’s been making everything you need affordable and accessible.

SOURCE: Flipkart

 

Turn This Diwali into an Extraordinary Celebration with Online Diwali Gifts

New Delhi, India, 2017-Sep-11 — /EPR Retail News/ — Turn this Diwali into an extraordinary festival, the celebration of euphoria by sending Diwali gifts to loved ones. Look no left nor right, rather simply click on the desired Diwali gifts just with the few clicks of buttons. With adequate online Diwali gifts for employees and other Diwali related arrangements from accessible from online shopping choices from GiftsbyMeeta, a number of online gifting articles have broadened the skyline by listing up an assortment of occasion specific gifting choices and these will undoubtedly be proven very useful.

Diwali Celebration with your Family Members: At the point when the arrangements are on for the Diwali, a festival of lights, the time has come to enlighten the faces of your family members and companions with the brightest grins by accessing online Diwali gifts from GiftsbyMeeta for them this Diwali. Why wandering here and there and visiting the physical stores for gifts and arrangements when you can buy Diwali gifts online from GiftsbyMeeta, all by sitting and shopping in your home or workplace. You have the online universe of endowments thumping at your entryway and you simply need to open yourself to this astonishing gifting world i.e. from GiftsbyMeeta. Charm the world with tasteful choices that will amuse everybody in your family.

Diwali: The Incredible Time of Getting Together with Our Loved Ones: Diwali, the India’s best festive day is the ideal time to wish and greet your love with the Diwali gifts. Diwali is a standout amongst the most adored events of India! Let this Diwali be set apart with a delicious Diwali sweets, snacks and dry fruit hampers, eye alluring home décor products and a number of auspicious Diwali idols; Diwali is an event that commands the triumph of well-finished fiendishness and along these lines, buy online Diwali idols, Pooja arrangements and so forth. The event is an incredible time to get together with your precious ones, and appreciate some lovely minutes of the togetherness!

The Effortless Arrangements of Your Diwali Gifts: One of the normal practices on this day is giving gifts to your family members, relatives, friends, clients, employers, and others. GiftsbyMeeta, a renowned Diwali gifts store in India is on a steady post for idealizing the online Diwali gifts for your Family and companions. With the web based shopping fever achieving more up to date status this bubbly season, shopping entryways are a standout amongst other spots to discover Diwali presents and GiftsbyMeeta along these lines is the best place. With bother free and pocket-accommodating costs, getting the complete Diwali arrangements online is an effortless action.

Contact Information:
Gifts By Meeta
10MG Road, 1st floor, New Delhi
Opp. Metro Pillar No. 47,
Near to Sultanpur Metro Station, New Delhi
India Phone: +91-9555695556
Pin Code: 110030
Website: https://www.giftsbymeeta.com/diwali

Location3 Launches LOCALACT Platform, Enhanced with Facebook, Google and Bing Integration and Tools to Convert Digital Traffic to Increased Profit

Denver, CO., 2017-Sep-11 — /EPR Retail News/ — Location3, the digital marketing agency that delivers enterprise-level strategy with local market activation, today announced the launch of LOCALACT, the premier platform built to power and scale local digital marketing for franchise systems and multi-location businesses.  LOCALACT unifies localized digital advertising with organic listing and search management to provide a complete digital marketing solution that drives measurable results for brands with a large brick-and-mortar footprint. Features include local business listing management with rigorous data validation, advanced location and consumer insights, consumer review monitoring, paid search management, Facebook advertising, and more.

“We built LOCALACT to help businesses power and scale local digital marketing tactics. Since rolling out the platform beta in April 2016, we’ve received helpful feedback from clients on what features and applications they would like to see integrated. The full scale version offers a unique Software-with-a-Service model that combines in-house digital marketing experts with proprietary software that efficiently integrates client data into a single, centralized platform,” said Alex Porter, CEO of Location3. “We are a strategic partner and an extension of our clients’ marketing teams, not a vendor, and launching LOCALACT is another big step toward strengthening our great client relationships even more.”

Location3’s extensive experience in optimizing more than 100,000 local business listings and thousands of local digital advertising campaigns for brands like HoneyBaked Ham, AT&T and FASTSIGNS has served as the genesis for the creation and development of LOCALACT. The platform is now available to all Location3 clients. Full release features available include:

  • Local Business Listing Management
    • Extensive data validation, direct listing publication, and ongoing management ensure locations are visible on the most important search engines, mapping platforms, and directories.
    • Reporting and analytics monitor the address accuracy of the published listings, and tracks how often consumers are viewing and engaging with the locations.
  • Localized Paid Search Advertising
    • Launch powerfully targeted, localized paid search advertising supported by enterprise-level campaign strategy
    • Reporting measures customized conversion goals, to ensure the most meaningful customer actions are tracked and optimized towards.
  • Facebook Paid Advertising
    • Launch, manage, and report on localized Facebook advertising campaigns, with access, reporting, support and billing available at both the corporate and local/franchise level
  • Local-Level Reporting on Google Analytics, Google Search Console & Search Insights
    • Allows access to all key reporting metrics listed previously for individual locations, including Google My Business Insights, Facebook Insights, Customer Reviews, Paid Media Advertising and Local SEO
    • Provides a clear picture of the company’s local digital footprint and corresponding performance across channels that impact customers
  • Customer Reviews and Review Responding
    • Allows each individual franchise or business location to engage and communicate directly with customers who post reviews on either Google or Facebook channels
    • Ability to navigate to specific user reviews in order to provide feedback, and respond to customer inquiries directly from the platform

“We’re incredibly excited to see our partners at Location3 launch LOCALACT.  We believe that the ability to manage all of our critical local data in the new platform, while also being able to further expand our franchise campaigns in new digital channels, will give Anytime Fitness a significant competitive advantage as we look to reach new potential club members and visitors,” said Kristen Pechacek, Senior Manager, Digital Marketing at Anytime Fitness.

To learn more about LOCALACT, please visit www.localact.com.

About Location3

Location3 is the digital marketing agency that delivers enterprise-level strategy with local market activation. Location3 works hand-in-hand with corporate/brand marketing teams at franchise systems and multi-location brands to execute integrated digital programs that increase customer acquisition and brand awareness. We are a strategic partner and an extension of our clients’ marketing teams.

###

Millennium India All Set to Regale FoodPro 2017 with Innovative POS Technology

CHENNAI, India, 2017-Sep-11 — /EPR Retail News/ —   Millennium India, the pioneer in Point of Sale (POS) technology in India, will be part of over 300 strong contingent of business verticals who will be showcasing their products, services and technology associated with food and beverage industry at the three-day Foodpro 2017 exhibition which will be held from September 7 at Chennai Trade Centre, Chennai.

Millennium has been partnered with Allmark Solutions, a leading weighing scale and other store infrastructure products supplier, along with well-known POS brands POSIFLEX, HONEYWELL and GoDEX to showcase their technology prowess on Point of Sale and other supportive products to business visitors, vendors and prospective entrepreneurs at the event.

The 12th edition of Foodpro 2017 is India’s biennial event on Food Processing, Packaging & Food Technology, organized by the Confederation of Indian Industries (CII).

The food expo will witness exhibitors dealing with food processing technology and machinery, refrigeration and cold chain system, process and packaged food, bakery equipment, kitchen equipment, hospitality products, barcoding and Point of sale technology will look forward for new business opportunities, collaborations, networking and brand promotion and will get updates on innovations and technology.

Bhaskar Venkatraman

On being part of the mega food expo, Bhaskar Venkatraman, CEO and Director of Millennium India said: Foodpro gives an opportunity to showcase our entire range of products to retail businesses which include, manufacturers, re-sellers, hospitality owners, packaging, food processing, cold storage and other logistics service providers. We have world-class technology products of Point of Sale and other store supportive products, and we are here to enhance the awareness of retail business owners on the advantages of using top-notch POS products for their business growth.”

Commenting on the importance of conducting such an event, a CII official said: “India continued to be one of the top producers in number of food grains, fruits, dairy products and poultry & meat products. At the same time, we lag behind most of the developed countries and also some of the developing Southeast Asian countries in terms of processing and value addition. This is resulting in lower returns on investments, very high wastage (up to 28% in some cases) and lower shelf life. Hence it is essential to increase the awareness on the importance of food processing and packaging. FOODPRO exhibition will help businesses to work towards adding value to processed foods and increase shelf life.”

To add value to the show and focus of the growing food sector, CII has added two more verticals – ColdStoRe and T-Food – as concurrent shows to Foodpro2017.

ColdStoRe will focus on the complete cold chain right from primary cold storage facility for food grains and fruits at Farm Level to high end cold storage for meat and food products including the important sector of Cold / Refrigerated Transportation.

Exhibitors profile will include companies that provide equipment, tools, and technologies that support the infrastructure and operations of the cold chain from design to build & operate. The focus will also be on third-party cold storage and refrigeration logistics and all forms of refrigerated transportation, Import/export facilities and services.

T-Food, a traditional food festival will try to bring the awareness about the traditional and local foods. This show will showcase the processed traditional food in healthy way, newer recipes of cooking traditional foods and will provide an opportunity to entrepreneurs to show case the developments in processing of traditional food.

CII will be organizing conferences on food processing technology, cold chain technology and workshop on traditional food with demonstration which will be addressed and conducted by experts in respective fields.

The event will be an ideal platform for the above profile companies to further strengthen their business and brand awareness and also to showcase their latest solutions to the user industry across sector.

About Millennium India

Established in 2002, Millennium Soft-Tech (India) Pvt Ltd has been in the forefront of providing Point of Sale (POS) technology products and solutions to Indian businesses through astute marketing strategy supported by huge partners’ network across India.

Having associated with world’s leading POS brands, Millennium understands the growing demands of retailers better than anyone else irrespective of their size, stature and nature of business, and offers comprehensive, advanced and sustainable solutions to enhance their business.

Headquartered in Chennai and having branches all major cities in India, Millennium has a clear vision of empowering millions of unorganized small and medium enterprises spread across the country by automating their transaction activities and make them competitive with established market peers.

As the national distributor of leading multinational POS brands including Epson, Posiflex, Casio, Toshiba, Honeywell, Godex, and Opticon, Millennium offers POS solutions to corporate brands, retail giants and SMEs across India.

For Media Contact:

K Ramanathan

Content Head and Media Coordinator,

Millennium India, India.

hand phone: +91 9384612789

email: ram (at) justransact (dot) com

Home Depot joins Google Express; shop through voice with the Assistant on Google Home available this fall

The Home Depot will join Google Express this fall, adding the ability for its customers to shop through voice with the Assistant on Google Home. (PRNewsfoto/The Home Depot)

ATLANTA, 2017-Sep-08 — /EPR Retail News/ — Need something from The Home Depot? Just ask the Google Assistant. The Home Depot will join Google Express this fall, adding the ability for its customers to shop through voice with the Assistant on Google Home, making it more convenient than ever for customers to shop however they want.

The Home Depot offers customers flexibility with its 2,282 stores and digital endless aisle. Later this fall, customers will have an additional way to purchase innovative products – with the Assistant on Google Home or on the Google Express website or app.

“We’re focused on delivering convenience and value as we continue to invest in best-in-class interconnected experiences for our customers,” said Online President and Chief Marketing Officer Kevin Hofmann. “Google has been a key strategic partner for us over many years and we’re excited to take our relationship to the next level with the Google Assistant and Google Express.”

Google Home is a trademark of Google Inc.

SOURCE The Home Depot

NCR and Performance Food Group Company to introduce NCR Silver POS solution to restaurants throughout the U.S.

Strategic relationship will introduce NCR Silver to new group of independent restaurants

DULUTH, Ga., 2017-Aug-28 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, and Performance Food Group Company (PFG) (NYSE: PFGC), a leading food service supplier, have entered into a strategic referral relationship to bring NCR Silver™, the cloud-based point-of-sale (POS) solution, to more restaurants throughout the United States.

PFG will introduce NCR Silver to its 36 Performance Foodservice distribution centers nationwide, which deliver food and food-related products to regional and national restaurant operators. Restaurateurs will be able to purchase NCR Silver software and hardware under a subscription service model.

With NCR Silver, Performance Foodservice customers will be able to check out customers quickly and gain access to sales, inventory and employee scheduling reports. They will also be able to offer customers targeted loyalty discounts and promotions. In addition, NCR Silver’s award-winning customer service team provides live, 24/7 U.S.-based support.

Utilizing cloud and tablet technology, NCR Silver will give restaurateurs the freedom to take mobile payments in their restaurant and be able to easily sell their products on the go.

“NCR’s deep-seated history in the restaurant space and the solution’s ability to drive efficiency makes this an ideal partnership for us,” said Fred Sanelli, Senior Vice President of Marketing and Sales Development at Performance Foodservice. “With NCR Silver, our customers will be better equipped to grow their businesses and maintain profitability.”

Solutions available through the relationship include NCR Silver core and NCR Silver Pro Restaurant Edition that are enabled on iOS and Android platforms.

PFG will soon expand its relationship with NCR by integrating its order management system with NCR Silver to further streamline restaurant operations. The planned integration will enable restaurant operators to not only ring up orders, manage inventory and employee schedules, but also order from PFG’s vast inventory of food and food-related products – all from one platform.

“The PFG team provides restaurant operators with dedicated service and high-quality products, and we’re confident NCR Silver will complement these efforts,” said Colin Armbruster, Director of Global Channel, NCR Silver. “Working with PFG supports our strategy to put intuitive and comprehensive technology in the hands of independent restaurateurs who need all-in-one technology solutions so they can focus on their customers.”

For more information on NCR Silver visit: www.ncrsilver.com

For more information on Performance Foodservice, PFG’s broadline food service division, visit: www.performancefoodservice.com

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Ga., with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

Website: www.ncr.com | www.ncrsilver.com 
Twitter: @NCRCorporation | @NCRSilver

About Performance Food Group Company
Through its family of leading foodservice distributors – Performance Foodservice, Vistar, and PFG Customized – Performance Food Group Company (PFG) markets and distributes approximately 150,000 food and food-related products from 76 distribution centers to over 150,000 customer locations across the United States. PFG’s 14,000+ associates serve a diverse mix of customers, from independent and chain restaurants to schools, business and industry locations, hospitals, vending distributors, office coffee service distributors, big box retailers, and theaters. The company sources its products from more than 5,000 suppliers and serves as an important partner to its suppliers by providing them access to the company’s broad customer base. For more information, visit www.pfgc.com.

Media Contacts:
Aaron Gould
NCR Public Relations
212.589.8556
aaron.gould@ncr.com

Joe Vagi
Manager, Corporate Communications
804.839.4995
joe.vagi@pfgc.com

Source: NCR Corporation

METRIC USA RELEASES ‘SILICONE ENHANCED WEIGHTLIFTING GRIP PADS AND STRAPS DOUBLE VALUE COMBO PACK’ ON AMAZON.COM

CULVER CITY, USA, 2017-Aug-23 — /EPR Retail News/ — Metric USA, a full-service American eCommerce site that works to develop, manufacture, and distribute innovative products across a variety of consumer industries today.  This week they are excited to announce their latest product, a Silicone Enhanced Weightlifting Grip Pad and Strap which is officially available for purchase on Amazon.com.

Passionate about easing consumer’s lives through products that embody innovation and convenience, Metric USA’s latest release is going to make lifting heavyweights easier and more pleasurable.

“This new value pack of 2 weight lifting grip pads and straps is being sold as at an unbeatable price for all shoppers on Amazon.com today,” said Rita Haft, Founder, and Owner of Metric USA. “Each one of the weight lifting strap features sturdy hook-and-loop fastening tape long enough to wrap around the bar two to three times, and is guaranteed to fit most hands.”

Ideal for powerlifting Dumbells, Kettlebells, Olympic Barbells, Men’s Barbells, Women’s Barbells, Junior Barbells, and other types of gym staples, the grip pad product will make lifting fun, enabling the user to enjoy a workout routine with reliable and supportive grip.

For everyone who purchases the product on Amazon.com, they will receive a printed illustrated insert card, which teaches users how to properly put the straps on, how to care for the straps over an extended period of time, and how to use them without injury.

“A free mesh carry pouch is also included to ensure this combo pack never gets lost,” said Rita Haft. “The weightlifting straps and bar pads fold flat and fit easily inside the bag. Spread the word, and head on over to Amazon.com to buy them while this offer lasts.”

For more information, visit https://www.amazon.com/dp/B0747K684B.

To visit their YouTube channel, go to https://www.youtube.com/channel/UCb1KcskM2BRi6zA8ltSjbQA.

Intershop helps Bunzl Australasia Limited launch its first B2B web shop

  • Outsourcing Services becomes first Bunzl business unit with consistent B2B and B2C online customer experience
  • Tablet devices used as sales productivity tool for account managers
  • Online product set to rise from 9,000 to 30,000

Jena, Germany, 2017-Aug-23 — /EPR Retail News/ — Bunzl Australasia Limited has launched its first B2B web shop with the help of Intershop. The Bunzl Outsourcing Services (BOS) business unit distributes a wide range of products to a just as diverse range of businesses including food service, hospitality, and healthcare. The new Intershop-based e-commerce platform is designed to further enhance the customer experience and marks the first in a series of B2B sites that will be rolled out in the coming months.

Keen to provide a consistent user experience, Bunzl built the site to handle both B2B and B2C customers. While the B2C site is not yet live, the functionality may be enabled easily by Bunzl via back office preferences. One of the Company’s objectives was to implement a core framework that may be extended beyond BOS to its other business units, Bunzl Food Processor Supplies and Bunzl Industry and Safety.

Nick Aridas, Head of Marketing & Digital Transformation at Bunzl explains, “The BOS site replaces a legacy ordering system that has an outdated user experience which does not provide access via mobile and tablet devices. Tablet devices, in particular, are not only growing in prominence with our customers; they are also being used as a sales productivity tool by our account managers. The new site will run in parallel with the old site for the next 4-6 months as customers are gradually migrated to the Intershop Commerce Suite.”

Implemented over eight months using an agile delivery model by a small Bunzl team and Intershop consultants, the Intershop Commerce Suite integrates with Bunzl’s ERP system, System 21 for special pricing, order history, credit limits and invoices. Additional integrations with a payment provider, analytics, and address verification were also implemented.

Over the coming months, Bunzl will expand the current online product set of 9,000 products to approximately 30,000, as well as implementing a specialized system (ABENAOS) for healthcare service customers.

Bunzl is an international distribution group that is active in 30 countries across North America, Continental Europe, UK & Ireland, and Australia.  The Company’s roots go back to 1854 when Moritz Bunzl opened a small haberdashery business in Bratislava.   Bunzl PLC was incorporated in 1940 and is listed on the London stock exchange.  Bunzl has since grown into a highly respected and recognized global distribution group.

About Intershop

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop’s limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Contact:
Intershop Public Relations
HEIDE RAUSCH
Head of Corporate Communication
Phone: +49 3641 50-1000
Fax: +49 3641 50-1309
mailto: pr@intershop.de

Source:  Intershop Communications AG

First Data Furthers Relationship with Chip Ganassi Racing and NASCAR

CONCORD, N.C., 2017-Aug-22 — /EPR Retail News/ — Chip Ganassi Racing (CGR) announced today (AUG. 21, 2017) that First Data (NYSE: FDC), a global leader in commerce-enabling technology, will partner with Kyle Larson and the No. 42 Chevrolet SS team for two upcoming Monster Energy NASCAR Cup Series (MENCS) races at Talladega Superspeedway and Martinsville Speedway. This expands on a relationship that began last season when First Data joined Jamie McMurray and the No. 1 Chevrolet SS as a partner for the Fall Martinsville race. Additionally, First Data returns this year on McMurray’s car at Martinsville as an associate sponsor. First Data also recently announced a three-year agreement with Martinsville to be the entitlement sponsor for the track’s fall MENCS race, starting with the First Data 500 on October 29.

NOTES OF INTEREST:

  • Family Affair: While First Data will be featured on the hood of Larson’s No. 42 Chevy, its Clover point-of-sale platform and CardConnect, an advanced payment solutions system, will also be seen on the car. Each First Data brand provides tools for businesses small and large to enable commerce safely, securely and quickly.
  • Chiming In: First Data’s name will be a common sight as the MENCS Playoffs head to Martinsville. In addition to riding around the track with Larson and sponsoring the First Data 500, fans will also get to buy concessions using First Data’s Clover point-of-sale systems, which will be deployed at the track. Additionally, Clover will be used at Phoenix Raceway and Homestead-Miami Speedway.
  • Playoff Push: Larson is firmly locked into the MENCS Playoffs, and will be looking for victory lane in the No. 42 First Data Chevy at two vastly different tracks in the second and third rounds of the Playoffs. Larson currently boasts three wins with a total of ten top-two finishes; four better than the next driver, and is poised for a strong run in the Playoffs.
  • Opposites Attract: NASCAR fans will see the No. 42 First Data Chevy race at two very unique tracks. While Talladega Superspeedway is known for high speeds and full-throttle racing, Martinsville Speedway is better known for its sharp turns and hard braking. Although the speeds at Talladega and Martinsville might differ drastically, both tracks feature the close-quarter conditions that highlight these unique forms of NASCAR.

CGR QUOTEBOARD:

  • Chip Ganassi, Owner, Chip Ganassi Racing: “I am very excited to welcome First Data to an expanded role with our team. We began a relationship with First Data last season, and it’s a great to see the increased value they find in both the team and NASCAR. We look forward to providing First Data with a world class experience both on and off the track.”
  • Frank Bisignano, Chairman and CEO, First Data: “We are excited to partner with Chip Ganassi Racing and Kyle Larson to bring the No. 42 First Data Chevrolet SS to two historic race tracks. First Data sits at the nexus of global commerce, powering payments for millions of businesses around the world, and NASCAR presents a tremendous opportunity for First Data to connect with legions of racing fans. We’re looking forward to cheering on Kyle in his pursuit of a championship.”
  • Kyle Larson, Driver No. 42 First Data Chevrolet SS: “It’s great to see another new brand join our team. We’ve had such an exciting season so far, and we’re really glad to see First Data grow their relationship with the team and be a part of what’s happening at Chip Ganassi Racing. It’s also cool to see them get involved with NASCAR by sponsoring the Martinsville race. The grandfather clock there is definitely one of the most unique trophies on the circuit, and I’d love to park the First Data Chevy in victory lane and take home a clock.”

About First Data:

First Data (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

To learn more, please visit www.firstdata.com.

About Chip Ganassi Racing:

Chip Ganassi has been a fixture in the auto racing industry for over 30 years and is considered one of the most successful as well as innovative owners the sport has anywhere in the world. Today his teams include four cars in the Verizon IndyCar Series, two cars in the Monster Energy NASCAR Cup Series, two cars in the NASCAR XFINITY Series, two factory Ford GT’s in the IMSA WeatherTech SportsCar Championship, and two factory Ford GT’s in the FIA World Endurance Championship. Overall his teams have 18 championships and more than 190 victories, including four Indianapolis 500s, a Daytona 500, a Brickyard 400, seven Rolex 24 At Daytonas, the 12 Hours of Sebring and the 24 Hours of Le Mans. Ganassi boasts state-of-the-art race shop facilities in Indianapolis and Concord, N.C., with a corporate office in Pittsburgh, Pa.

For more information log onto www.chipganassiracing.com

Source: First Data

ChannelAdvisor recognized as one of Triangle Business Journal’s 2017 Best Places to Work

Research Triangle Park, NC, 2017-Aug-11 — /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 (August 10, 2017) announced that it has been recognized as one of Triangle Business Journal’s 2017 Best Places to Work. This is the sixth time that ChannelAdvisor has received this award, which is determined by third-party survey results from employees.

“I’m thrilled that ChannelAdvisor is continually recognized as an employer of choice in the Triangle area,” said Amy Robertson, ChannelAdvisor Chief People Officer. “Our employees come to work with a purpose and are passionate about delivering on our mission —  to connect and optimize the world’s commerce. This honor reflects the hard work of our talented team.”

ChannelAdvisor is one of 50 companies that were named the 2017 Best Places to Work in the Triangle. Winners were chosen based on an employee-survey process conducted by Quantum Workplace. The Triangle Business Journal will honor these companies at an awards banquet on Friday, September 22, at the Sheraton Imperial Hotel & Convention Center.

Over the last year, the company has focused on initiatives and rewards that encourage employees to recharge, including community and volunteer efforts, time away from work programs, and structured support groups by common interest. Rewards include paid time off for volunteering and/or community services, enhanced paid leave for new parents, increased paid time off accruals, and women’s leadership community efforts.

“We’ve heard from our employees worldwide that the number one reason for working at ChannelAdvisor is our people,” continued Robertson. “I agree completely; our strength is our employees and their willingness to solve challenging business problems together for our customers. We have a beautiful office in our global headquarters in Morrisville that encourages collaboration and teamwork. We will continue to enhance our talent programs and rewards portfolio based on input from our employees. This will not only help our employees thrive, combined with passion, it provides motivation for continued company success.”

To learn more about current career opportunities, visit our careers page.

For more details about ChannelAdvisor, visit our blog, follow us on Twitter @ChannelAdvisor, Like us on Facebook and connect with us on LinkedIn.

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

First Data Q2 2017 results: Consolidated revenue reached $3.0 billion, up 3% versus the prior year period

  • Q2 consolidated revenue of $3.0 billion, up 3%; up 4% excluding currency impacts
  • Q2 record total segment revenue of $1.8 billion, up 3%; up 5% excluding impacts from currency and Australian ATM divestiture
  • Q2 net income of $185 million, up 22%; diluted EPS of $0.20, up 18%
  • Q2 adjusted net income of $378 million, up 17%; adjusted diluted EPS of $0.40, up 14%
  • Q2 record total segment EBITDA of $786 million, up 5%; up 7% excluding impacts from currency and Australian ATM divestiture
  • Q2 cash flow from operations of $580 million; free cash flow of $448 million
  • Refinanced approximately $8.0 billion of debt since end of Q1; increased AR securitization facility at reduced rate; annual cash interest savings from these activities of approximately $50 million
  • Acquired CardConnect; signed agreement to divest Baltics business

NEW YORK, 2017-Aug-08 — /EPR Retail News/ — First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology, today (07 Aug 2017) reported financial results for the second quarter ended June 30, 2017. Consolidated revenue for the second quarter was $3.0 billion, up 3% versus the prior year period, or up 4% excluding currency impacts. Total segment revenue was $1.8 billion for the quarter, up 3% versus the prior year period, or up 5% excluding the impacts from currency and the divestiture of the Australian ATM business that occurred at the end of the third quarter of 2016.

Net income attributable to First Data for the second quarter of 2017 was $185 million, or $0.20 per diluted share. This represents a 22% increase from the second quarter of 2016 net income of $152 million, or an 18% increase in net income per diluted share from $0.17 in the prior year period.

Adjusted net income, which modifies net income for items such as debt extinguishment charges, stock-based compensation, amortization of acquisition intangibles, restructuring costs and other items, was $378 million, or $0.40 per diluted share. This represents a 17% increase from the second quarter of 2016 adjusted net income of $323 million, or a 14% increase in adjusted net income per diluted share from $0.35 in the prior year period. The increase was primarily driven by improved operating results and lower interest expense.

Total segment earnings before interest, taxes, depreciation, and amortization (total segment EBITDA) in the second quarter 2017 was $786 million, up 5% versus the prior year period, or up 7% excluding impacts from currency and the Australian ATM divestiture. Total reported segment EBITDA margin improved 100 basis points to 42.5% in the quarter.

“The second quarter delivered record quarterly revenue and earnings as we continue to see good new business momentum and improved customer retention across our business segments,” said First Data Chairman and CEO Frank Bisignano. “As we enter the latter half of 2017, we are focused on initiatives to continue the momentum across our global businesses, maintaining an appropriate balance between investing and managing costs, while also driving improved cash flow. We reiterate our full-year 2017 and medium-term financial guidance,” Bisignano added.

Segment Results

Global Business Solutions (GBS)

Second quarter 2017 GBS segment revenue was $1.1 billion, up 3% versus the prior year period, or up 5% excluding the impacts from currency and the Australian ATM divestiture. Within geographic regions, North America revenue of $826 million was up 1% versus the prior year period as growth in non-JV revenue was partly offset by an anticipated decline in JV revenue. EMEA revenue was $140 million, flat versus the prior year, or up 6% excluding currency impacts, primarily driven by growth in the United Kingdom and Germany. Latin America revenue was $64 million, up 56%, or up 60% excluding currency impacts, driven by strong results in Brazil and Argentina.  APAC revenue was $36 million, down 12%, or up 13% excluding impacts from currency and the Australian ATM divestiture, primarily driven by growth in India.

Second quarter 2017 GBS segment expenses were $583 million, down 1% versus the prior year period, or up 1% excluding the impacts from currency and the Australian ATM divestiture.

Second quarter 2017 GBS segment EBITDA was $483 million, up 8% versus the prior year period, or up 9% excluding impacts from currency and the Australian ATM divestiture. Segment EBITDA margin improved 210 basis points to 45.3% in the quarter.

Global Financial Solutions (GFS)

Second quarter 2017 GFS segment revenue was $402 million, up 2% versus the prior year period, or up 4% excluding currency impacts. Within geographic regions, North America revenue of $233 million was down 1%, as growth in processing revenue was more than offset by a decline in card personalization revenue. North America GFS card accounts on file grew 6% year over year. EMEA revenue was $110 million, up 2%, or up 10% excluding currency impacts, primarily driven by internal growth and new business primarily in the United Kingdom. Latin America revenue was $34 million, up 10%, or up 14% excluding currency impacts, driven by growth in Argentina and Colombia.  APAC revenue was $25 million, up 25%, or up 24% excluding currency impacts, primarily driven by growth in Australia.

Second quarter 2017 GFS segment expenses were $235 million, flat versus the prior year period, or up 2% excluding currency impacts.

Second quarter 2017 GFS segment EBITDA was $167 million, up 4% versus the prior year period, or up 7% excluding currency impacts. Segment EBITDA margin improved 100 basis points to 41.5% in the quarter.

Network & Security Solutions (NSS)

Second quarter 2017 NSS segment revenue was $381 million, up 4% versus the prior year period. Stored Value revenue grew low-double digits, Security and Fraud revenue grew low single digits, and EFT revenue was flat.

Second quarter 2017 NSS segment expenses were $201 million, up 1% versus the prior year period.

Second quarter 2017 NSS segment EBITDA was $180 million, up 8% versus the prior year period. Segment EBITDA margin improved 180 basis points to 47.2% in the quarter.

Cash Flow

In the second quarter 2017, cash flow from operations was $580 million, up $58 million compared to $522 million in the prior year period. Free cash flow, which the Company defines as cash flow from operations less capital expenditures, distributions to minority interests and other, was $448 million in the current quarter, up $140 million compared to $308 million in the prior year period, primarily driven by lower cash interest payments and improved operating results.

Capital Structure

Total borrowings at June 30, 2017 were reduced to $18.3 billion, from $18.5 billion at December 31, 2016. Net debt at June 30, 2017 declined $304 million to $17.9 billion, from $18.2 billion at December 31, 2016.

As previously disclosed, in April 2017, the Company closed on a new term loan totaling $4.2 billion with an interest rate of LIBOR plus 250 basis points maturing in April 2024. The proceeds of the term loan were used to redeem a $4.2 billion term loan with an interest rate of LIBOR plus 300 basis points maturing in March 2021.

In June 2017, the Company closed on a new term loan totaling $3.8 billion with an interest rate of LIBOR plus 225 basis points maturing in July 2022. The proceeds of the term loan were used to redeem $3.8 billion of U.S. and euro-denominated term loans with interest rates ranging from LIBOR plus 300 basis points to LIBOR plus 325 basis points.

On June 28, 2017, the Company entered into an amendment to its Receivable Financing Agreement. The amendment increased the borrowing capacity of the facility from $240 million to $600 million, reduced the interest rate from LIBOR plus 200 basis points to LIBOR plus 150 basis points, and extended the termination date from January 2019 to June 2020.

The aggregate annualized cash interest savings derived from the above transactions is approximately $50 million.

CardConnect Acquisition

As previously disclosed, on July 6, 2017, the Company announced the successful completion of First Data’s tender offer to purchase the outstanding shares of CardConnect Corp. common stock. CardConnect’s results will be consolidated in the results of First Data’s GBS business as of July 6, 2017.

Divestiture

On July 25, 2017, First Data entered into an agreement to divest all of its businesses in the Baltics (Lithuania, Latvia and Estonia) for €73 million (approximately $85 million). The deal is expected to close in the third quarter of 2017. The businesses were reported within the GFS segment.

Innovation

First Data continues to invest in innovation to differentiate itself as a leader in commerce-enabling solutions. Below are examples of innovative solutions that the company introduced during the second quarter:

•      Clover Flex – First Data’s latest addition to the Clover family can be used as a handheld device or on the countertop. Clover Flex is fully integrated into the Clover platform and can accept PIN entry, NFC, mag stripe, EMV and electronic gift cards. Flex is perfect for the service-based merchant that wants to take the checkout experience to the customer.

•      Local Payments – First Data’s new online payments solution that powers cross-border global commerce around the world. Local Payments allows merchants to manage up to 195 local payment options online through a single interface.

•      Global PFAC – First Data’s solution for payment facilitators around the globe allows a payment facilitator to achieve global scale through a single integration interface. Global PFAC enables payment facilitators to easily authorize transactions in more than 150 currencies worldwide, and settle in 17 currencies, as well as providing a robust range of other services.

•      Business Activity Monitor – First Data’s new operational monitoring solution for issuing clients, which enables financial institutions to easily access and monitor their customers’ transaction activity and track the operational health of their portfolios in real-time.

•      Fraud Detect – First Data’s latest comprehensive solution to help merchants around the world detect fraudulent activity. Fraud Detect uses artificial intelligence and machine learning, fraud scoring, cybersecurity intelligence, and information from the dark web to help merchants detect fraudulent in-store, at the pump, online, mobile and in-app transactions before they occur.

Non-GAAP Measures

To supplement the Company’s consolidated financial statements presented in accordance with generally accepted accounting principles, or GAAP, the company uses non-GAAP measures of certain financial performance. These non-GAAP measures include total segment revenue, total segment expense, total segment EBITDA, total segment EBITDA margin, adjusted net income, adjusted net income per diluted share, free cash flow and net debt. The company has included non-GAAP measures because management believes that they help to facilitate comparisons of the company’s operating results between periods. The company believes the non-GAAP measures provide useful information to both management and users of our financial statements by excluding certain expenses, gains and losses that may not be indicative of its core operating results and business outlook. In disclosing year-over-year comparisons, the company has chosen to present non-GAAP measures because it believes that these measures provide users of our financial statements a consistent basis for reviewing the company’s performance across different periods.

These non-GAAP measures are not in accordance with, or an alternative to, measures prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with the company’s results of operations as determined in accordance with GAAP. These measures should only be used to evaluate the company’s results of operations in conjunction with the corresponding GAAP measures.

Reconciliation to the most directly comparable GAAP measure of all non-GAAP measures can be found in the tables included in this press release.

The company excludes certain items and other adjustments from total segment revenue, total segment expense, total segment EBITDA, total segment EBITDA margin, adjusted net income and adjusted net income per diluted share. See reconciliations for a complete list of items excluded from non-GAAP measures.

Adjusted net income is a non-GAAP financial measure used by management that provides additional insight on performance. Adjusted net income excludes amortization of acquisition-related intangibles, stock-based compensation, restructuring costs and other items affecting comparability and, therefore, provides a more complete understanding of continuing operating performance. Management believes that the presentation of adjusted net income provides users of our financial statements greater transparency into ongoing results of operations allowing them to better compare our results from period to period.

The company uses free cash flow, a non-GAAP measure. Free cash flow is defined as cash flow used in/provided by operating activities less capital expenditures, distributions to minority interest, and other. The company considers free cash flow to be a liquidity measure that provides useful information to management and users of our financial statements about the amount of cash generated by the business which can then be used to, among other things, reduce debt outstanding.

The company also uses net debt, a non-GAAP measure. Net debt is defined as total long-term borrowings plus short-term and current portion of long-term borrowings, at par value, excluding lines of credit used for settlement purposes, less cash and cash equivalents. The company believes that net debt provides additional insight on its level and management of leverage.

Certain revenue measures in this release are presented excluding the estimated impact of foreign currency changes (constant currency). To present this information, monthly results in the current period for entities reporting in currencies other than United States dollars are translated into United States dollars at the average exchange rates in effect during the corresponding month of the prior fiscal year, rather than the actual average exchange rates in effect during the current fiscal year. Once translated, each month in the period is added together to calculate the constant currency current period results. The company believes that revenue growth is a key indication of how First Data is progressing from period to period and the non-GAAP constant currency financial measure is useful to investors, lenders and other creditors because such information enables them to measure the impact of currency fluctuations on the company’s revenue from period to period.

Investor Conference Call

The company will host a conference call and webcast on Monday, August 7, 2017, at 8 a.m. ET to review the second quarter 2017 financial results.

To listen to the call, dial +1 (844) 826-3033 (U.S.) or +1 (412) 317-5172 (outside the U.S.) at least 10 minutes prior to the start of the call. The call will also be webcast on the “Investor Relations” section of the First Data website at investor.firstdata.com along with a slide presentation to accompany the call.

A replay of the call will be available through September 7, 2017, at +1 (877) 344-7529 (U.S.) or +1 (412) 317-0088 (outside the U.S.); passcode 10109727 and via webcast at investor.firstdata.com.

Please note: Other than the replay, First Data has not authorized, and disclaims responsibility for any recording, replay or distribution of any transcription of this call.

About First Data

First Data Corporation (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

Contact:

Peter Poillon
Investor Relations
First Data
212-266-3565
Peter.Poillon@firstdata.com

Liidia Liuksila
Public Relations
First Data
212-515-0174
Liidia.Liuksila@firstdata.com

Source: First Data Corporation

First Data announces multiyear partnership with Martinsville Speedway as the entitlement sponsor of Monster Energy NASCAR Cup Series race

  • The October 29 race, part of the Monster Energy NASCAR Cup Series Playoffs, begins First Data’s three-year race entitlement at Martinsville’s famous “Paperclip” half-mile oval
  • First Data will also deploy its Clover point-of-sale platform across three tracks owned by International Speedway Corp. (ISC) and will test other payments technology and gift card partnerships at the Martinsville’s First Data 500 race

NEW YORK and MARTINSVILLE, Va., 2017-Aug-04 — /EPR Retail News/ —First Data (NYSE: FDC), a global leader in commerce-enabling technology, announced Wednesday it will enter into a three-year agreement, running through 2019, with Martinsville Speedway to be the entitlement sponsor of the fall Monster Energy NASCAR Cup Series race, starting with the First Data 500, on October 29. In addition, First Data’s Clover platform, a business management and point-of-sale payments solution, will be deployed at three International Speedway Corporation tracks this season: Martinsville, Phoenix Raceway, and Homestead-Miami Speedway.

The half-mile speedway, known for its unique layout and iconic grandfather clock trophy, has given race fans 70 years of excitement since opening in 1947. “The Paperclip,” as it’s often referred to, is the only speedway on the original 1949 NASCAR schedule that continues to host the sport’s top series today.

“Martinsville Speedway is a legendary race track, and Clay Campbell and his team have been terrific partners for First Data as we add our payments solutions to the NASCAR experience for the benefit of race fans,” said First Data Chairman and CEO Frank Bisignano. “We can’t wait for the fall race to host our clients and partners, many of whom are die-hard race fans, and see the First Data 500 logo proudly displayed on the infield and all around the property.”

“It’s really exciting to have First Data come on board for a multiyear partnership with Martinsville Speedway, as the entitlement sponsor of our fall race,” Martinsville Speedway President Clay Campbell said. “It’s great to see First Data use Martinsville Speedway and NASCAR as the platform to expand their brand and create a deeper public understanding of how their technology is at the heart of transactions around the world.”

Having the Clover platform at International Speedway Corporation tracks is the next step in expanding First Data’s footprint in the sports world, which already includes placement in stadiums and arenas across the country.

Clover offers several different devices, including Clover Mobile and the recently-launched Clover Flex. Clover is designed to safely and securely accept a variety of payment methods, offering increased flexibility to customers. Clover offers an array of apps that simplify business operations, including data and analytics tools that help businesses of all sizes better understand the needs of their customers.

Clover can be used by a wide range of businesses, from neighborhood shops to large businesses. Recently, stadiums and arenas across the country have implemented Clover devices to improve the fan experience. Now, Clover devices will enable commerce at some of the most storied race tracks in the country, including Martinsville.

“Having First Data choose Martinsville as the platform in which they showcase their brand and products is exciting for all of us at ISC,” Executive Vice President, Chief Development Officer and Chief Digital Officer for International Speedway Corporation Craig Neeb said. “NASCAR racing offers them the opportunity to not only get in front of fans, but also help build relationships with Fortune 500 companies across the globe.”

The First Data 500 is the first race in the Round of 8 of the Monster Energy NASCAR Cup Series Playoffs. If the winning driver is in the Playoffs, he or she would be the first to clinch a spot in the Championship race at Homestead-Miami Speedway. Last fall, Jimmie Johnson won his ninth grandfather clock, on the way to winning his record-tying seventh NASCAR Cup Series championship.

Tickets for the First Data 500 are on sale and may be purchased by calling 877.RACE.TIX or online at www.martinsvillespeedway.com.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

About Martinsville Speedway

Founded in 1947 by the late H. Clay Earles, Martinsville Speedway is only track which has hosted Monster Energy NASCAR Cup Series races every year since the division’s inception in 1949. At .526 miles in length, Martinsville Speedway is the shortest track on the Monster Energy NASCAR Cup Series circuit, and offers some of the most exciting and close-quarters racing in the sport. The track is also one of the most modern, with high-rise aluminum chair back seating, corporate and fan suites and state-of-the-art facilities for the media. Now owned by International Speedway Corporation, Martinsville Speedway conducts three major race event weekends each year. The track annually hosts the STP 500 and the First Data 500 Monster Energy NASCAR Cup Series races, the Alpha Energy Solutions 250 and Texas Roadhouse 200 presented by Alpha Energy Solutions NASCAR Camping World Truck Series races and the ValleyStar Credit Union 300 NASCAR’s biggest, richest and most prestigious Late Model Stock Car race.

For more information about Martinsville Speedway, visit www.martinsvillespeedway.com.

CONTACT:

Martinsville Speedway
Brooks Taylor
276-956-7202
bbtaylor@martinsvillespeedway.com

First Data
Liidia Liuksila
212-515-0174
Liidia.Liuksila@FirstData.com

Source: First Data

CommerceHub Q2 2017 Financial Results: Revenue was $25.2 million, a 9% YoY increase from $23.1 million in 2016

  • Revenue of $25.2 million increases 9%, $0.05 GAAP EPS, and $0.08 adjusted EPS
  • Signs Top 10 U.S. Retailer and First U.K. Drop-Ship Retailer

ALBANY, N.Y., 2017-Aug-04 — /EPR Retail News/ — CommerceHub, Inc. (NASDAQ:CHUBA) (NASDAQ:CHUBK) (“CommerceHub,” “we,” “us,” “our” or the “Company”), a leading distributed commerce network for retailers and brands, today (Aug. 02, 2017) announced financial results for the quarter ended June 30, 2017.

“We are pleased with the solid second quarter results we announced today, including continued revenue growth and expanding profitability,” said Frank Poore, CommerceHub’s Founder, President and CEO. “We are excited to announce the addition of two strategic retailer customer wins during the quarter, making four year-to-date and delivering on the high-end of our goal of 2-4 new retailer customers per year. One is a top 10 U.S. retailer, and the other marks our first retail drop-ship customer in the U.K. The U.S. win demonstrates our market leadership and our ability to deliver high-volume drop-ship fulfillment at scale. The U.K. win establishes a beachhead for our drop-ship offerings and should help to further unlock the U.K. market for CommerceHub.”

“In addition to $2.2 million of net income for the quarter, we generated $8.6 million in adjusted EBITDA, representing 34 percent of revenue for the quarter and a 7 percentage point improvement over the same period last year. We also delivered strong free cash flow and continued to pay down debt, strengthening our net cash balance,” said Mark Greenquist, CommerceHub’s CFO. “We are pleased with our recent customer wins and believe this new U.S. retailer could eventually become a top 10 customer for CommerceHub.”

Second Quarter 2017 Financial Highlights

  • Revenue was $25.2 million, a 9% year-over-year increase from $23.1 million in 2016. Core drop-ship revenue, which excludes revenue from our demand channel solutions, increased 14%.
  • Gross margin was 78%, compared to 77% in 2016.
  • Adjusted gross margin was 78%, compared to 75% in 2016.
  • Net income was $2.2 million, or $0.05 per diluted share, compared to $4.4 million, or $0.10 per diluted share, in 2016.
  • Adjusted net income was $3.7 million, or $0.08 per diluted share, compared to $2.6 million, or $0.06 per diluted share, in 2016.
  • Adjusted EBITDA was $8.6 million, compared to $6.3 million in 2016.
  • Operating cash flow was a positive $7.1 million, compared to a negative $73.3 million in 2016, which was impacted by a non-recurring cash payment of $78.5 million in share-based compensation related to our spin-off from Liberty Interactive.
  • Free cash flow was a positive $6.5 million, compared to a negative $76.5 million in 2016.
  • Cash at quarter end was $6.8 million and the total amount outstanding under our credit facility was $6.0 million.

An explanation of the non-GAAP financial measures discussed above is included below under the heading “Statement Regarding Non-GAAP Financial Measures.”  A reconciliation of these non-GAAP financial measures to the closest comparable GAAP financial measures has also been provided in the financial tables included at the end of this press release.

Other Recent Highlights

  • Total customer count at June 30, 2017 was 11,274, up from 9,730 at June 30, 2016, or 16% year-over-year.
  • Drop-ship order volume growth was 17% in the second quarter.
  • We expanded our CommerceHub for Retailers network with the signing of a top 10 U.S. retailer that we believe has the potential to become a top 10 customer for CommerceHub. This win is a conversion of an existing in-house drop-ship program, which we believe demonstrates the complexity of such programs and the value CommerceHub can deliver through increased operational efficiencies, improved customer service and capital-efficient expansion of product assortments.
  • We signed our first U.K. retailer drop-ship customer. This is a mid-sized U.K. retailer seeking to expand its ecommerce business by leveraging CommerceHub’s drop-ship model, while reducing inventory risk and operating costs.

Conference Call Details
The Company will offer a live conference call, and a live, listen-only webcast of the call via the CommerceHub Investor Relations website at 4:30 p.m., E.T., today, Wednesday, August 2, 2017.  See http://ir.commercehub.com/events.cfm, where supporting materials, including a presentation and supplemental financial data, have been posted.

Live Call: U.S./Canada Toll-Free Participants Dial-in Number: (800) 219-6912
International Toll Participants Dial-in Number: (574) 990-1026
Conference ID/Passcode: 55684519
Webcast (live and replay): http://ir.commercehub.com/events.cfm

About CommerceHub:
CommerceHub is a distributed commerce network connecting supply, demand and delivery that helps retailers and brands increase sales by expanding product assortments, promoting products on the channels that perform, and enabling rapid, on-time customer delivery. With its robust platform and proven scalability, CommerceHub helped over 10,000 retailers, brands, and distributors achieve an estimated $13+ billion in Gross Merchandise Value in 2016.

Important Information Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about future business strategies, future financial performance, market conditions and potential, future growth of ecommerce, customer growth, sales channel expansion, international expansion and other matters that are not historical facts. These statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, market acceptance and performance of our products and services, competitive issues, general market conditions, regulatory matters affecting our business and changes in law. These forward-looking statements speak only as of the date of this presentation, and we expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any such statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. There can be no assurance that any expectation or belief expressed in a forward-looking statement will occur, and you should not place undue reliance on any forward-looking statements. Please refer to our public filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2016, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, for additional information about us and the risks and uncertainties we face that may affect the forward-looking statements made in this press release.

Statement Regarding Non-GAAP Financial Measures
In addition to reporting financial measures calculated in accordance with U.S. generally accepted accounting principles (“GAAP”), we provide non-GAAP financial measures that management considers in reviewing our financial performance because we feel they are relevant measures of the overall efficiency of our business model. These non-GAAP financial measures are not a substitute for, or superior to, and should be considered only in addition to, financial measures calculated in accordance with GAAP. They are subject to inherent limitations and exclude significant expenses and income that are required by GAAP to be recorded in our financial statements. Certain of these adjustments are based on estimates and assumptions of management and do not purport to reflect actual historical results. In addition, you should be aware that our computation of these non-GAAP financial measures may not be comparable to other similarly titled measures computed by other companies, because all companies do not calculate these measures in the same fashion. We define “adjusted gross profit” as gross profit plus share-based compensation and acquisition-related intangible amortization. We define “adjusted gross margin” as adjusted gross profit divided by revenue. We define “adjusted operating expenses” as total operating expenses less share-based compensation and acquisition-related intangible amortization. We define “adjusted EBITDA” as net income or loss plus interest expense, income tax expense, depreciation of property and equipment, amortization of capitalized software costs and intangible assets and share-based compensation expense, less interest income and income tax benefit.  We define “adjusted net income” as net income or loss plus share-based compensation, acquisition-related intangible amortization and the tax effect of these adjustments. We define “adjusted earnings per diluted share” or “adjusted EPS” as earnings per diluted share plus the diluted per share effects of share-based compensation, acquisition-related intangible amortization and the tax effect of these adjustments.  We define “free cash flow” as net cash provided by, or used in, operating activities less purchases of property and equipment and additions to capitalized software. A reconciliation of these non-GAAP financial measures to the closest comparable GAAP financial measures has been provided in the financial tables included at the end of this press release.

CommerceHub Investor Relations Contact:

Sara Leggat
investor@commercehub.com

Source: CommerceHub

CommerceHub to present at upcoming investor conferences

ALBANY, N.Y., 2017-Aug-04 — /EPR Retail News/ — CommerceHub, Inc. (NASDAQ:CHUBA) (NASDAQ:CHUBK) (“CommerceHub” or the “Company”), a leading distributed commerce network for retailers and brands, today (Aug. 01, 2017) announced that management will present at the following investor conferences:

  • KeyBanc Capital Markets 19th Annual Global Technology Leadership Forum at the Sonnenalp Hotel in Vail, CO on Monday, August 7, 2017;
  • The Oppenheimer 20th Annual Technology, Internet & Communications Conference at the Four Seasons Hotel in Boston, MA on Wednesday, August 9, 2017; and
  • Canaccord 37th Annual Growth Conference at the InterContinental Hotel in Boston, MA on Thursday, August 10, 2017.

During the presentations, management may discuss the Company’s financial and operating performance and strategy, among other topics, which may include future opportunities.

The presentations will be webcast live and available on the “Events and Presentations” page of the Company’s investor relations site at http://ir.commercehub.com/events.cfm. An archive of each webcast will also be available for 90 days after the conclusion of the event.

About CommerceHub :
CommerceHub is a distributed commerce network connecting supply, demand and delivery that helps retailers and brands increase sales by expanding product assortments, promoting products on the channels that perform, and enabling rapid, on-time customer delivery. With its robust platform and proven scalability, CommerceHub helped over 10,000 retailers, brands, and distributors achieve an estimated $13+ billion in Gross Merchandise Value in 2016.

CommerceHub Investor Relations Contact:

Sara Leggat
investor@commercehub.com

Source: CommerceHub

CommerceHub announces promotion of Kathleen Conley to SVP of Operations

ALBANY, NY, 2017-Aug-04 — /EPR Retail News/ — CommerceHub (NASDAQ: CHUBA) (NASDAQ: CHUBK), a leading distributed commerce network for retailers and brands, today ( 08/02/17) announced the promotion of Kathleen Conley to Senior Vice President of Operations.

“Kathleen has delivered tremendous value leading our platform operations teams that support our growing network of over 10,000 customers — including some of the world’s largest retailers,” said Frank Poore, CommerceHub’s Founder and CEO. “She has advanced the scalability and efficiency of our operations into a competitive advantage in the market.”

Previously, Conley was Vice President of Operations, a role she held with the Company since 2014. In her new role, Ms. Conley will manage teams collectively responsible for product and services delivery, which includes platform on-boarding, customer service, product training, and other advisory services.

“Kathleen’s leadership and versatility are invaluable as we enter the next phase of CommerceHub’s story. Her promotion to Senior Vice President is a reflection of the confidence we have in her abilities, as well as CommerceHub’s continued growth,” added Mike Trimarchi, Chief Commercial Officer.

Prior to joining CommerceHub, Conley spent nine years directing Corporate Services at Albany-based Capital District Physicians’ Health Plan (CDPHP), eventually overseeing the entire project management office and implementation of other IT/development/technology initiatives as the department vice president.

Her 30+ year career spans a diverse portfolio of companies, including Bank of America, Viewlocity, Inc. (formerly SynQuest), Factory Automation & Computer Technologies, Inc. and Computer Integrated Modular Manufacturing (formerly Schlumberger). Throughout her career, Conley has led the development and implementation of enterprise-wide systems, instituted software development and quality assurance disciplines, and has been highly effective in developing product management disciplines to migrate organizations from customer-driven requests to market-driven releases. She received her MBA and BS in Computer & Systems Engineering from Rensselaer Polytechnic Institute in Troy, NY.

“I look forward to expanding my contributions to CommerceHub’s mission and influencing our customers’ ability to compete in the highly competitive and evolving world of ecommerce,” said Conley.

About CommerceHub

CommerceHub is a distributed commerce network connecting supply, demand and delivery that helps retailers and brands increase sales by expanding product assortments, promoting products on the channels that perform, and enabling rapid, on-time customer delivery. With its robust platform and proven scalability, CommerceHub helped over 10,000 retailers, brands, and distributors achieve an estimated $13+ billion in Gross Merchandise Value in 2016.

Media Contact: 
Christina Mautz
cmautz@commercehub.com
(206) 832-3900

Source: CommerceHub