Intershop H1 2017 results: consolidated revenues up by 10% to EUR 18.0 million

  • Focus on wholesalers and cloud showing initial success
  • Consolidated revenues climb 10% to EUR 18.0 million (previous year: EUR 16.3 million)
  • Positive EBIT of EUR 0.2 million (previous year: EUR -1.3 million)

Jena, 2017-Aug-02 — /EPR Retail News/ — Intershop Communications AG (ISIN: DE000A0EPUH1), a leading independent provider of innovative solutions for omni-channel commerce, increased its consolidated revenues by 10% to EUR 18.0 million in the first six months of 2017. Following on from a strong first quarter, Intershop continued the positive business trend and signed up more than twice as many new customers in the first six months of 2017 than in the same period of the previous year, half of which were companies from the wholesale sector.

Supported by the good new business trend, the strategically important product revenues increased by 16% to EUR 7.6 million. Service revenues were up by 6% on the prior year period to EUR 10.3 million. In this segment, too, new customers made a major contribution to the positive business trend. Product revenues accounted for 43% of total revenues, up from 41% in the previous year.

The gross margin rose to 50% in the reporting period (previous year: 46%). As had been announced, the cost reductions in administrative functions achieved in the context of the “Lighthouse 2020” program were used to accelerate the new sector and cloud focus through additional investments in marketing and sales. As a result, costs in this area increased by 15% to EUR 4.2 million. At EUR 8.7 million, total operating expenses (OPEX) were moderately lower than in the previous year (EUR 8.8 million).

Moreover, Intershop generated slightly positive earnings before interest and taxes (EBIT) of EUR 0.2 million in the first six months of 2017 (previous year: EUR -1.3 million). The EBIT margin stood at 1% (previous year: -8%). At EUR 1.4 million, earnings before interest, taxes, depreciation and amortisation (EBITDA) also improved notably (previous year: EUR -0.1 million). The net result for the period amounted to EUR 28k (previous year: EUR -1.6 million), which is equivalent to earnings per share of EUR 0.00 (previous year: EUR -0.05).

Intershop posted clearly positive operating cash flow of EUR 1.8 million in the first six months of the year (previous year: EUR -1.4 million). As a result of the scheduled repayment of the loan raised in 2015, liabilities to banks were reduced by EUR 1.0 million to EUR 2.8 million as of the interim reporting date. Cash and cash equivalents declined by a moderate 3% to EUR 10.6 million, while the equity ratio climbed from 59% to 60%. Overall, Intershop’s asset and capital structure is solid.

Dr. Jochen Wiechen, CEO of Intershop Communications AG: “The good business trend in the first half of the year is already largely attributable to our new “Lighthouse 2020” strategy and the related repositioning and sector focus. We are confident that this trend is sustainable and expect to sign up a relevant number of new customers before the end the current year, especially in the B2B sector. Our cloud offering in cooperation with Microsoft is also showing a very positive trend. We feel we are well positioned to benefit from the increasing digitization of commerce and to successfully support the transformation of our customers.”

The Intershop Management Board continues to project moderately higher revenues and balanced earnings before interest and taxes (EBIT) for the full year 2017.

The interim report on the first six months of 2017 is available for download at http://www.intershop.com/investors-financial-reports.

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

Globus to introduce eCommerce services with Diebold Nixdorf solution

Innovative eCommerce technology allows convenient online ordering, store delivery and return services

ST. WENDEL, Germany, 2017-Jul-28 — /EPR Retail News/ — The Globus Group, a leading European retailer with stores across Germany, Russia and the Czech Republic, is driving connected commerce at the point-of-sale (POS) with more than 4,500 new systems and software from Diebold Nixdorf (NYSE: DBD).

The new systems will run on Diebold Nixdorf’s POS software, TP.net, and enable Globus to introduce eCommerce services such as the ability to order online and pick up in-store, or to return items by post that were purchased from a store. The software will provide an enhanced consumer experience as well as the fast, flexible integration of new applications and lay the foundation for more efficient cross-channel management.

“Diebold Nixdorf’s software-driven solutions enable us to standardize our POS data and processes internationally, in all the countries in which we operate,” said Olaf Schomaker, managing director for HR, IT and controlling at Globus. “Moreover, it will enable us to take advantage of every option for introducing and expanding innovative consumer services, including mobile applications and new self-service and payment options.”

In addition, these future-oriented solutions enable Globus to facilitate the central management of the international store network and flexibly integrate new sales channels. While the hardware rollout has already begun, the implementation of the software will continue throughout 2017.

“The core element of Diebold Nixdorf’s retail strategy is to help customers align their businesses to meet consumer needs and to offer internationally scalable solutions,” said Christian Weisser, senior vice president and managing director, Europe Middle East and Africa (EMEA), Diebold Nixdorf. “Our expansive portfolio of innovative retail solutions as well as our deep relationships with key retailers across the globe are driving the future of consumer transactions.”

About Globus
The Globus Group is an independent, family-run business and is one of Germany’s leading retailers. The company operates 46 self-service department stores, 88 DIY stores, Globus-Drive, a fridel markt & restaurant and seven consumer electronic stores in Germany. The Globus Group also includes 27 full-range stores in the Czech Republic and Russia as well as two DIY stores in Luxembourg. The company employs more than 43,000 people, applying a business philosophy that gives its stores decision-making freedom and encourages self-responsibility. The role of employees as co-entrepreneurs is reflected in the economic stake they hold in the company, among other things. The Globus Group generated sales of more than 7 billion euros in fiscal 2015/2016.

About Diebold Nixdorf
Diebold Nixdorf, Incorporated (NYSE: DBD) is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an ‘always on’ and changing consumer landscape.

Diebold Nixdorf has a presence in more than 130 countries with approximately 24,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol ‘DBD’. Visit www.DieboldNixdorf.com for more information.

Media Relations:
Ulrich Nolte
+49-5251-6935211
ulrich.nolte@dieboldnixdorf.com

Investor Relations:
Steve Virostek
+1-330-490-6319
steve.virostek@dieboldnixdorf.com

SOURCE: Diebold Nixdorf

Newegg joins forces with No Kid Hungry® to help communities feed children in need

Collaboration Supports Goal of Feeding Kids Where They Live, Learn, and Play

Los Angeles, CA, 2017-Jul-28 — /EPR Retail News/ — Newegg, the leading tech-focused e-retailer in North America and a growing force in global e-commerce, today (July 26, 2017) announced it is joining forces with No Kid Hungry® to help combat childhood hunger. No Kid Hungry – a campaign of national anti-hunger organization Share Our Strength® – connects children in need to programs like school breakfasts and summer meals, and teaches low-income families to cook healthy, affordable foods. No Kid Hungry works closely with organizations such as Newegg to help communities feed children in need every day of the year.

“Summer is a particularly challenging time for children who would otherwise receive meal assistance at their schools,” said Jill Davis, Senior Vice President of Corporate Partnerships at No Kid Hungry. “Newegg will help us bridge this critical time of year by providing meals to those in need.”

Newegg will build awareness within its base of 32 million customers, encouraging them to donate in increments of $1, $5 or $10. The company will then match all customer donations dollar-for-dollar, up to $75,000. Even the smallest donations go a long way with No Kid Hungry. For example:

  • $25 can feed a child 250 nutritious meals throughout the summer.
  • $50 can help a free summer meals site serve 500 summer meals to hungry kids.
  • $100 can help summer meals sites invest in vital operating equipment.

“The reality that one in six children will face hunger this year is unacceptable, so we’re doing our part to bring positive change to this dire situation,” said Danny Lee, CEO at Newegg. “By encouraging our customers to donate and by dedicating corporate funds to match those donations, Newegg hopes to ease the burden hunger places on young people and their families.”

In addition to the donation-match announced today, Newegg also plans to reach out to its extensive network of suppliers to seek support from other tech companies that wish to fight childhood hunger. For more information and to make a donation in support of No Kid Hungry, visit https://www.newegg.com/Product/Product.aspx?Item=00-996-314.

About Newegg Inc.
Newegg Inc. is the leading electronics-focused e-retailer in the United States. It owns and operates Newegg.com (http://www.newegg.com) which was founded in 2001 and regularly earns industry-leading customer service ratings. The award-winning website has more than 32 million registered users and offers customers a comprehensive selection of the latest consumer electronics products, detailed product descriptions and images, as well as how-to information and customer reviews. Using the site’s online tech community, customers have the opportunity to interact with other computer, gaming and consumer electronics enthusiasts. Newegg Inc. is headquartered in City of Industry, California. Newegg operates Hybrid Centers in City of Industry, CA and Richmond Hill, Ontario.

About No Kid Hungry,br /> No child should go hungry in America, but 1 in 6 kids will face hunger this year. Usen proven, practical solutions, No Kid Hungry is ending childhood hunger today by ensuring that kids start the day with a nutritious breakfast, eat healthy summer meals, and families learn the skills they need to shop and cook on a budget. When we all work together, we can make sure kids get the healthy food they need. No Kid Hungry is a campaign of national anti-hunger organization Share Our Strength. Join us at NoKidHungry.org.

Source: Newegg Inc.

First Data elects Henrique De Castro to its Board of Directors

NEW YORK, 2017-Jul-27 — /EPR Retail News/ — First Data (NYSE: FDC) announced today (JULY 24, 2017) that its Board of Directors elected technology executive Henrique De Castro as a Director of First Data. The Board has also appointed De Castro to serve as a member of the Risk Committee. De Castro’s election expands First Data’s Board from eight members to nine.

“We are very pleased to have Henrique join First Data’s Board of Directors,” said First Data Chairman and CEO Frank Bisignano. “As First Data continues to innovate and expand its offerings to our millions of business owner clients and thousands of financial institution clients around the world, Henrique’s experience and vast knowledge of the global digital and mobile marketplace will be invaluable assets to our board,” Bisignano added.

De Castro, who has held senior leadership positions at Google Inc., Dell, and McKinsey & Company, most recently served as COO at Yahoo! Inc. While at Google from 2006 to 2012, De Castro served in roles including President of Global Media, Mobile & Platforms and President of Partner Business Worldwide. During his tenure, De Castro helped build the company’s Media, Mobile & Platforms Business into the world’s leading digital business. He also helped launch Google’s Media and Mobile operations in more than 40 countries and was instrumental in several of the company’s largest acquisitions. Earlier in his career, De Castro was Director of Sales and Business Development for Dell in Western Europe and served as a management consultant with McKinsey & Company.

“First Data has made enormous strides over the last several years and is poised for further growth as a world leader in commerce-enabling technology,” said De Castro. “I am honored to join First Data’s Board and work with Frank Bisignano and my colleagues as we help clients around the world grow their business and, in the process, increase shareholder value,” De Castro added.

De Castro also serves on the Board of Directors of Target Corporation and is an advisor to Cantor Fitzgerald. De Castro earned a Bachelor Degree in Business from the Instituto Superior de Economia e Gestão in Lisbon, Portugal and a Master of Business Administration degree from IMD in Lausanne, Switzerland.

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.

Contacts:

Mark Murphy
Public Relations
212-515-0280
Mark.Murphy@firstdata.com

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

Source: First Data

Shopify announces winners from its first ever ‘BEASTMODE-A-Business’ competition

Leading commerce platform partnered with NFL running back Marshawn Lynch to teach entrepreneurial skills to Bay Area teens

Oakland, CA, 2017-Jul-24 — /EPR Retail News/ — Shopify Inc. (NYSE:SHOP)(TSX:SHOP), the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, today (July 17, 2017) announced winners from its first ever ‘BEASTMODE-A-Business’ competition, in partnership with Oakland Raiders running back Marshawn Lynch, theFam 1st Family Foundation, and Hingeto.

Based on the success of his Shopify Plus Beast Mode® apparel store, Marshawn chose to partner with Shopify to create BEASTMODE-A-Business, a one-of-a-kind, entrepreneurial readiness program for Bay Area high school students. Over the course of three days, 30 local students attended workshops and seminars at Oakland Technical High School that covered a cross-section of skills required to start a business, and had the opportunity to build their own online ecommerce stores on the Shopify platform. Content included hearing from special guest speakers on how to create a powerful brand, craft effective messaging, and other educational seminars that supported the idea that with the right tools and mindset, anyone can become an entrepreneur.  The program culminated with each student pitching their business ideas in front of family, friends, and a panel of judges which included staff and merchants from Shopify, Marshawn, and Josh Johnson, quarterback for New York Giants.

“Growing up in Oakland taught me a lot about being focused and driven, but my experience didn’t really prepare me for building my business and other aspects of my career,” shared Marshawn. “I wanted to extend what I have been able to teach kids from my neighborhood on the football field and give them more skills that empower them to believe that anything is possible.”

Simone Hufana, 17 from San Leandro high school in San Leandro, and Mathew Galvez, 17 from Abraham Lincoln high school in San Jose, were the overall winners of the ‘BEASTMODE-A-Business’ competition.  They both won free Shopify Basic for three years, an opportunity to have their pop-up store hosted by Beast Mode Apparel in Oakland, deskspace at Hingeto, AdWords and Facebook Dynamic Ads credits, design credits with a Shopify Plus expert agency, as well as on-going product design and full marketing setup support.  The final eight received free Shopify Basic for two years, KIT basic for a year, AdWords credit, and an exclusive prize package from Bold Commerce that includes unlimited use Bold Apps for a year, a comprehensive site audit and consultation ($1,000 value), and $6,000 in developer design credit.  For participating in the program, all 30 students also received free Chromebook laptops preloaded with documentation on building a Shopify store, free Shopify Basic for a year, backpacks filled with school supplies, as well as clothing from Beast Mode apparel.

“I started my first company when I was 13 years old and what I learned from that experience has shaped who I am today – both personally and professionally,” said Harley Finkelstein, COO of Shopify. “I believe that teaching these students the skills and mindset they need to start their own entrepreneurial journey is an experience that will help them throughout their lives and careers.”

About Shopify

Shopify is the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces and physical retail locations. The platform also provides merchants with a powerful back-office and a single view of their business. The Shopify platform was engineered for reliability and scale, making enterprise-level technology available to businesses of all sizes. Shopify currently powers hundreds of thousands of businesses in approximately 175 countries and is trusted by brands such as Tesla, Nestle, GE, Red Bull, Kylie Cosmetics, and many more.

About Fam 1st Family Foundation

Fam 1st Family Foundation was started in 2006, but made official in March 2011. Fam 1st strives to improve the lives of children by mentoring them on the importance of education, literacy and self-esteem. Fam 1st was founded by Joshua Johnson and Marshawn Lynch who have overcome a significant amount of adversity to become the successful businessmen and community leaders they are today. Fam 1st provides unique opportunities and programs for the youth to help them succeed in life, and has developed programming and camps focusing on computer science, architecture, literacy, entrepreneurship, and more. For more information, please visit http://fam1stfamilyfoundation.org/.

About Hingeto

Oakland based company, Hingeto is a Y-combinator backed company helping brands take inventory risk out of retail. They have two key solutions. 1) Working with brands like Marshawn Lynch’s Beast Mode to design & sell new on-demand products and 2) powering custom dropship systems for large retailers like PacSun; which they will soon release a Shopify app for.  Hingeto is a key solution for any company trying to grow its product assortment without inventory risk; which they believe is the future. Very soon Hingeto will debut their Shopify app to help stores add curated dropship products direct to their Shopify stores. Go to shopify.hingeto.com to join the waitlist.

SOURCE: Shopify

CommerceHub to issue its 2Q financial results on Wednesday, August 2, 2017

ALBANY, N.Y., 2017-Jul-20 — /EPR Retail News/ — CommerceHub, Inc. (NASDAQ:CHUBA) (Nasdaq:CHUBK) (“CommerceHub” or the “Company”), a leading distributed commerce network for retailers and brands, today (July 19, 2017) announced that it will issue its financial results for the three months ended June 30, 2017 after the market close on Wednesday, August 2, 2017. On the same day, CommerceHub will host a conference call and webcast to discuss the results at 4:30 p.m., Eastern Time, during which its management team will discuss the Company’s financial performance and strategy, and may discuss future opportunities. After the conference call is completed, a recorded version of the call will be available at http://ir.commercehub.com/events.cfm.

What: CommerceHub Second Quarter 2017 Financial Results

When: Wednesday, August 2, 2017

Time: 4:30 p.m. Eastern Time

Live Call: U.S./Canada Toll-Free Participants Dial-in Number: (800) 219-6912International Toll Participants Dial-in Number: (574) 990-1026Conference 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.

CommerceHub Investor Relations Contact:

Sara Leggat
investor@commercehub.com

Source: CommerceHub/globenewswire

METRIC USA RELEASES MULTI-FUNCTIONAL UNISEX KITCHEN APRON ON AMAZON.COM

CULVER CITY, US, 2017-Jul-18 — /EPR Retail News/ — Just this week, Metric USA released an Adjustable Top with Comfort Neck Pad and Water-Repellent Waist Apron, available on Amazon.com.  Metric USA is a full-service home goods and accessories manufacturing and development company with a commitment for incorporating innovative and never-before-seen elements into everyday household products,

Curated to embody two different apron designs and functionalities for on-the-go individuals, the new multi-functional apron comes in a set of two styles: a bistro style serving apron and a bib cooking apron.

“This new apron product comes with an adjustable neck strap that enables the user to adjust the bib apron easily,” said Rita Haft, Founder, and Owner of Metric USA. “Plus, with the extra-long reinforced ties, the apron is easily pulled for a comfortable, perfect fit. Designed with durability and flexibility in mind, this apron can keep up with any kitchen demand.”

The apron comes with a padded neck section which provides comfort to users wearing the aprons for long periods of time. Due to its versatility and unisex development, the apron is a functional solution for moms, dads, husbands, wives, kids, daughters, friends, chefs, and waiters/waitresses in any type of food establishment.

The reversible design also makes the apron twice as functional, with two sides of high-quality apron fabric that can withstand cooking, baking, barbecuing, serving guests in a restaurant and hotel, and other types of uses.

“There are also zippered pockets for keeping phones safe and dry during the cooking process,” said Rita Haft. “Spread the word on the official rollout of our new dual-sided apron product, and head on over to our website today to check out our other innovative home goods fixtures.”The Metric USA apron comes guaranteed wrinkleless.

For more information, visit: https://www.amazon.com/dp/B073F5VXKS

To check out Metric Products’ social media accounts, visit: https://shopmetricusa.com

Check on our YouTube Channel: https://www.youtube.com/channel/UCb1KcskM2BRi6zA8ltSjbQA

 

Alibaba to invest approximately USD1 billion to increase its stake in Lazada Group

Hangzhou, China/Singapore, 2017-Jul-04 — /EPR Retail News/ — Alibaba Group Holding Limited (NYSE: BABA) announced today ( June 28, 2017) that it will invest approximately USD 1 billion to increase its stake in Lazada Group, the leading e-commerce platform in Southeast Asia, from 51% to approximately 83%. This transaction demonstrates the continued success of Lazada’s business, Alibaba’s confidence in the growth potential of the Southeast Asian markets and its commitment to the region as part of its global strategy.

Alibaba will purchase the shares of certain Lazada shareholders at an implied valuation of USD 3.15 billion for the company, reflecting a significant increase in the value of Lazada since Alibaba first acquired its majority stake in April 2016. The transaction will increase Alibaba’s total investment in Lazada to over USD 2 billion. Lazada will continue to operate under the same brand following this investment.

Alibaba’s investment in and collaboration with Lazada have been an important part of expanding Alibaba’s global footprint, providing it with unrivalled access to consumers in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. With only 3% of the region’s total retail sales conducted online, Southeast Asia is expected to offer tremendous growth potential.

With Alibaba’s scale, e-commerce know-how and technology expertise supporting the execution of Lazada’s management team, the two businesses have successfully developed a vibrant e-commerce gateway, giving brands and sellers access to the 560 million consumers in the region. The cooperation has also enabled Lazada to invest further in the marketplace, technology, payments and logistics, greatly enhancing its services and providing an unparalleled consumer experience for online shoppers, as well as critical support for the region’s merchants, many of whom are small businesses.

“As a market leader, Lazada has demonstrated its ability to execute and further lead the region in products and services with the best consumer experience in Southeast Asia while growing a strong ecosystem that supports small businesses going online,” said Daniel Zhang, CEO of Alibaba Group. “The e-commerce markets in the region are still relatively untapped, and we see a very positive upward trajectory ahead of us. We will continue to put our resources to work in Southeast Asia through Lazada to capture these growth opportunities,” he added.

Maximilian Bittner, CEO of Lazada Group, said, “I couldn’t be more excited to deepen our relationship with Alibaba. With their support, we will continue to empower brands and sellers to offer a wide selection of unique assortment to consumers across Southeast Asia while delivering an exceptional customer experience backed by our best-in-class logistics network.”

During the past 12 months, both Lazada and Alibaba worked on a number of initiatives to advance e-commerce in Southeast Asia, endeavoring to lower barriers and facilitate borderless commerce. These initiatives include the establishment of an e-fulfillment center in Malaysia which forms part of Alibaba’s Electronic World Trading Platform (eWTP) strategy, advancing “Thailand 4.0”, and launching Taobao Collection in Singapore and Malaysia allowing local customers to shop for high quality products from China.

Morgan Stanley Asia Limited acted as exclusive financial adviser for the transaction.

About Alibaba Group

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.

About Lazada Group

Lazada is the number one online shopping & selling destination in Southeast Asia – present in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Lazada helps more than 100,000 local and international sellers as well as 2,500 brands serve the 560 million consumers in the region through its marketplace platform, supported by a wide range of tailored marketing, data, and service solutions. Lazada offers an excellent customer experience through a wide network of logistics partners and its own first and last mile delivery arm.

Safe Harbor Statements

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expect,” “future,” “continue,” “strategy” and similar statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in Alibaba’s filings with the SEC. All information provided in this press release is as of the date of this press release and is based on assumptions that Alibaba believes to be reasonable as of this date, and Alibaba does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Media Contacts:
Rico Ngai
Alibaba Group
+852 9725 9600
rico.ngai@alibaba-inc.com

William Gaultier
Lazada Group
+65 8459 5766
william.gaultier@lazada.com

Source: Alibaba Group

Intershop named as Company of the Year 2017 by Quadrant Knowledge Solutions

  • Intershop Commerce Suite praised for supporting multiple brands, countries, and touchpoints
  • Intershop highlighted as best-in-class vendor with leadership in strategy, business, and growth performance excellence

Jena, Germany, 2017-Jul-03 — /EPR Retail News/ — Intershop Communications AG has been recognized as Company of the Year 2017 in the global digital commerce platforms market by global market research and consulting firm, Quadrant Knowledge Solutions. The Quadrant research identifies Intershop as a best-in-class vendor that ‘exhibits leadership in strategy, business, and growth performance excellence, and has the potential to cause major disruption in the marketplace’.

The research firm analyzed Intershop’s technological capabilities and strengths as part of a comprehensive market study, titled ‘Market Outlook: Digital Commerce Platforms, 2017-2022, Worldwide’. In a Knowledge Brief, published by Quadrant on 6 June 2017, the consultants stress the ability of Intershop’s integrated digital commerce platform to enhance customer relationships across various sales channels including retail, wholesale, mobile, and social media.

The Knowledge Brief highlights the complete set of digital commerce functionalities provided by the Intershop Commerce Suite – from online retail management to customer experience management to order management and fulfillment –, the platform’s operational excellence, as well as the fact that it can be implemented on-premise, in the cloud, or as a managed service.

According to Quadrant Knowledge Solutions, ‘Intershop’s flexible and integrated digital commerce suite is well positioned to help businesses from multiple industry sectors and sizes in overcoming their unique challenges in creating a successful and competitive commerce solution’.

Piyush Dewangan, Industry Research Manager, Quadrant Knowledge Solutions said: “Technology disruption, digital transformation, and the widespread adoption of mobile devices means that organizations are increasingly facing challenges to drive growth. To stay competitive, brands should transform their commerce processes with the customer experience in focus, while streamlining their commerce operations for maximum efficiency. Intershop with its extensive and highly scalable platform is well positioned to enable business growth for companies with multiple brands, countries, and touchpoints, which is why we nominated them Company of the Year in this market.”

Axel Köhler, COO of Intershop Communications AG, said: “We are delighted to be recognized as a leader by Quadrant Knowledge Solutions. Digitalization is opening exciting new opportunities for companies in all industries. Our focus is on supporting our customers in the successful transformation of their commerce processes and customer relationships. A comprehensive, powerful and adaptable platform is key in driving this transformation.”

Quadrant’s research study also provides detailed competitive positioning of other major commerce platform vendors. It can be downloaded here: http://www.intershop.com/quadrant-solutions-study

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

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

Zalando and BESTSELLER UNITED enter into joint venture agreement for shared ownership of FashionTrade.com

Zalando and BESTSELLER UNITED enter into joint venture agreement for shared ownership of FashionTrade.com

Zalando and BESTSELLER UNITED have entered into a joint venture agreement for the shared ownership of the B2B online fashion wholesale marketplace FashionTrade.com.

BRANDE, Denmark, 2017-Jul-01 — /EPR Retail News/ — FashionTrade.com is at the forefront of digitising fashion wholesale using digital innovation and optimisation to improve everyday working processes that maximize customer profits. The company provides a global B2B fashion marketplace where brands and retailers can connect, trade and grow their business through empowered buying and smarter selling.

The company was founded in 2015 by BESTSELLER UNITED on the back of learnings gained from BESTSELLER.

Zalando enters into the joint venture with a capital increase at FashionTrade, providing the company with funds to accelerate its growth, and the future ownership will be equally shared between BESTSELLER UNITED and Zalando.

“Digitising the wholesale experience and connecting brands and retailers in a simple online solution holds a great potential for the future of B2B fashion,” says Anders Holch Povlsen, owner of BESTSELLER UNITED. “That’s why we are pleased to welcome Zalando and their expertise into this partnership that we expect will bring beneficial insights to brands and retailers alike.”

HOME IN AMSTERDAM

FashionTrade currently has 30 international employees working from their Head Office in central Amsterdam, where they benefit from the highly international atmosphere and available infrastructure. Located in the heart of Europe, Amsterdam boasts a strong digital community and availability of major talent in the technical/digital/big data field.

SOURCE: BESTSELLER

For more information about FashionTrade and the joint venture, please see www.fashiontrade.com

Contact:

Kavita Kooijman
Marketing & Communications
FashionTrade.com
kavita.kooijman@fashiontrade.com
+31 6 11 24 28 43

 

GST can be a Game Changer for Indian Economy

Chennai, India, 2017-Jun-29 — /EPR Retail News/ —  When the clock strikes midnight on June 30th, it not only will herald the customary arrival of a new month, but also a historic moment in the post-Independence era as the country will be joining other major powers in the World in adopting Goods and Service Tax (GST), which aims to bring in a uniform tax regime for various Goods and Services traded across the vast nation.

Bhaskar Venkatraman, CEO and Director of Millennium India

The government headed by Prime Minister Narendra Modi has made elaborate arrangements to take the nation to the new tax reform at the Central Hall of the Parliament, and prominent leaders and personalities are going to witness the midnight gala.

But what is GST for the vast and fast-growing retail sector in India? How the Manufacturers, Distributors, Dealers and Retailers are going to be involved in the uniform tax system? Whether the end customers will bear the brunt or going to enjoy the fruits of the single tax system?

GST stands for Goods and Services Tax. This single tax system will supersede all state and central taxes including Value Added Tax, entry tax, octroi and other mundane taxes, and introduce one single tax right from manufacturers, distributors, dealers to local vendors. GST also avoids cascading taxes which ultimately reflects on the prices of the commodities.

How GST will impact the Point of Sale (POS) sector, which has been the bellwether of the BJP government to make the country a cashless economy?

POS is one of the major pillars of the retail sector which supplies hardware components like credit/debit card swiping machines, inventory management tools and POS terminals such as cash registers, barcode scanners, barcode printers, cash drawers to name a few.

Speaking about the impact on the retail sector, Bhaskar Venkatraman, Director and CEO of Millennium India, a group involved in marketing some of the world’s top POS hardware machines to Indian retailers for the last two decades, said: “GST will make the retail sector more organized as more than 85 per cent of the businesses in India are unorganized and need to be regularized. With GST, there will be a single transparent tax structure throughout the supply chain and clear mechanism to calculate the taxes at various levels. Since several daily use items are exempted from the purview of the GST, people will benefit out of it as some of them will witness decrease in price post GST.”

For retail sector, Bhaskar Venkatraman, who also introduced India’s first and only e-commerce shop (justransact.com) to make top branded POS technology products available online to retailers, said it will be a win-win situation for retail businesses as they are now out of the complex tax laws and filing processes.

On the GST’s impact on POS sector, Bhaskar said: “The net impact on the pricing (of POS products) would be very minimal and in fact would boost the consumption. While in the short-term, GST could be perceived as a tough stance for growth, in the longer run, the retail sector would benefit immensely only to gain because of price harmonization and smooth flow of material across the country.”

Then, what is GST for end customers? The burden or benefit would finally be on the end consumers but an overall win-win situation would prevail, concludes Bhaskar.

 

Media Contact:

K Ramanathan

Media Coordinator, Millennium India

ram@justransact.com

Visa Commits to Strategic Investment in Klarna; Companies Plan Partnership Deal

NEW YORK and COPENHAGEN, Denmark, 2017-Jun-29 — /EPR Retail News/ — Visa (NYSE:V) and Klarna announced they have reached an agreement for Visa to invest in Klarna, and intend to develop a future strategic partnership. Klarna is one of Europe’s fastest growing online payments companies, serving 60 million consumers and 70,000 retailers.

The equity investment and planned partnership demonstrate Visa and Klarna’s shared vision to accelerate online and mobile commerce for the benefit of consumers and merchants across Europe. The announcement was made at Money 20/20 being held in Copenhagen through June 28.

Visa’s planned investment is part of a global strategy to open up the Visa ecosystem and support a broad range of new partners who are helping to redefine and enhance the purchase experience for millions of consumers globally. Klarna develops products that address changing consumer preferences, giving them the flexibility and seamless experience they expect when shopping.

“Klarna has demonstrated an expertise in consumer credit and online purchasing and together, we share a vision for how today’s online and mobile commerce experiences can be as simple as they are in the real world,” said Jim McCarthy, executive vice president, innovation and strategic partnerships, Visa Inc. “Visa is committed to partnering with a new generation of partners and payment providers to bring secure, online commerce to many more consumers in Europe. We look forward to working more closely with Klarna to accomplish this.”

“The Visa and Klarna partnership is a natural fit. We both understand consumer credit and the value of consumer centricity in developing innovative payment solutions,” said Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna.

“Klarna continually strives to offer the most advanced choice of payment solutions for our merchants and give consumers the smoothest buying experiences.  Partnering with Visa will give us the opportunity to strengthen our global presence and product portfolio by leveraging our combined assets. We are excited about the possibilities of what we can do together.”

According to Forrester, Europe is expected to see double-digit growth in online sales in the coming years.  By 2021, the growth in the number of connected devices and improvements in mobile connectivity will drive online sales to reach 12 percent of the region’s total retail sales.  Additionally, online retail sales are expected to grow at an average rate of 12 percent per year over the next five years in Western Europe.

 

About Visa

Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead with prepaid or pay later with credit products. For more information, visit our website (www.visaeurope.com), the Visa Vision blog (vision.visaeurope.com), and @VisaInEurope

 

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

First Data strengthens position as a market leader in global eCommerce with the introduction of Local Payments Solution

  • New online payments solution offers greater flexibility and reach for businesses around the world
  • Strengthens First Data’s position as a market leader in global eCommerce 

NEW YORK, 2017-Jun-29 — /EPR Retail News/ — The rise of global commerce is creating an increasingly borderless economy, and businesses need to provide the payment method their customers prefer, regardless of regional and cultural preferences. To meet this growing need, today First Data (NYSE: FDC), a global leader in commerce-enabling technology, announced the availability of the First Data® Local Payments solution, which will provide digital businesses and their customers with access to 195 local payment options when fully implemented.

Even in a global, always-on digital economy, payment methods have remained largely regional and country specific. Trust and security concerns, cultural preferences, technological limitations, and political restrictions influence purchasing methods, which vary extensively around the world.

With First Data’s Local Payments solution, a merchant can manage varying online payment methods through a single interface, using a single collection model. Now, a retailer can easily enable a customer in Europe who wants to use a mobile wallet or a customer in Latin America who prefers making electronic cash payments. Local Payments facilitates numerous payment methods, including real-time online banking, direct debit, cash/voucher payments, payment wallets, payout schemes, and more.

“There has been a significant increase in cross-border shopping in recent years, and while geography is no longer a transactional barrier for eCommerce, payment methods can be a hurdle. Today, 57% of global consumers shop across international borders, and separate reports have indicated that as many as half of these people may end a sale if their payment choice is not offered,” said Shane Fitzpatrick, global head of eCommerce at First Data. “First Data’s Local Payments solution empowers businesses to accept payments in the methods their customers prefer, all through a single-source provider, no matter where they are located.”

Around the world, many people do not have access to banking services, which can pose challenges for cross-border transactions. Local Payments provides greater flexibility for payment acceptance, supporting consumer choice. The solution enables businesses to accept payments from their customers in the method they choose, whether they have a bank account or not. Adding Local Payments through a single integration represents a sales uplift opportunity for merchants.

The introduction of Local Payments expands First Data’s robust eCommerce portfolio. First Data now offers a range of solutions for businesses of all sizes, including the recently-announced Global PFAC Program for payment facilitators and the company’s cutting edge Fraud Detect Solution.

Earlier this year, First Data acquired Acculynk, a technology company with unique debit routing capabilities that help merchants reduce their total cost of payment acceptance. First Data’s eCommerce portfolio is available across the First Data client landscape, from multinational corporations to sole proprietors operating online stores.

For more information on First Data’s eCommerce portfolio, or to learn more about the Local Payments Solution, please visit Local Payments. If you are attending Money 20/20 Europe this week, please visit First Data at booth G36 to learn more about Local Payments and our eCommerce solutions. First Data’s vice president of eCommerce product, Peter O’Halloran, will also be presenting on Local Payments at Money 20/20 on Wednesday, June 28.

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.
SOURCE: First Data Corporation
Media Contact
Aimee Ertley
First Data
404-890-2684

Wine.com on 1st place in the 6th edition of the e-Performance Barometer international rankings of wine websites

Bordeaux Business School study ranks Wine.com #1 on global stage  

San Francisco, CA, 2017-Jun-24 — /EPR Retail News/ — Wine.com, the nation’s number one online retailer, received 1st place in the 6th edition of the e-Performance Barometer international rankings of wine websites conducted by the prestigious KEDGE Business School. The 2017 results were announced at VINEXPO, the bi-annual international exhibition attended by more than 45,000 wine and spirits professionals. The report, released on June 21, is now available.

To conduct the analysis, over 2,300 internet users in nine countries (France, Spain, Germany, the UK, Italy, Australia, the United States, Canada and China) evaluated 23 e-commerce wine websites selected from over 400 candidates. The study analyzed and ranked each site on seven performance criteria: information, navigation, product offering, aesthetics, security and privacy, interactivity and reliability.

“I am thrilled to see Wine.com recognized on the world stage at Vinexpo. Whether from my family estates in Burgundy, the Rhone Valley or the South of France or from our historic California wineries of Buena Vista Winery, DeLoach Vineyards or Raymond Vineyards, Wine.com has continually represented the breadth of our family wines,” said Jean-Charles Boisset, proprietor of Boisset Collection.  He added, “Wine.com is passionate about telling the stories of vintners like us and the future of e-commerce holds dynamic growth opportunities.”

“The e-Performance Barometer highlights many of the key differentiators that we set out to accomplish – offering the largest selection, live chat guidance, and rich content – conveniently delivered,” said Michael Osborn, Wine.com Founder and VP Merchandising. “We continue to inspire the wine lifestyle through innovation, and this award further validates our strategy.”

About KEDGE Business School
Headquartered in Bordeaux, France, KEDGE was founded from the merger of two internationally renowned business schools, BEM and Euromed Management. Its activities fall within two inter-related categories: applied research and education, including 31 formal higher education courses and a thriving Executive Education program, and four recognized areas of research expertise and six management centers of excellence. This dual expertise in education and research has earned it its status among the 1% of the world’s business schools that are triple accredited by EQUIS, AMBA and AACS. https://kedge.edu

About Wine.com
Wine.com is the nation’s leading online wine retailer, offering selection, guidance and convenience not found in brick and mortar stores.  The company provides its customers access to the world’s largest wine store, with live chat wine experts available 7 days a week on its mobile and full websites. With multiple fulfillment centers and the most sophisticated retail wine distribution network in the United States, Wine.com delivers in 1-2 days to most addresses, offering date-certain delivery and the convenience of shipping for pickup at 3,500 FedEx pick-up sites.  The company’s popular StewardShip program provides unlimited wine delivery and exclusive access to new releases for $49 per year.  Just launched, the Wine.com iOS app allows users to scan, rate and purchase wines on the go.  Wine.com’s mission, to inspire the wine lifestyle through innovation, is captured in its brand manifesto video, viewable here.  For more information, visit the company’s website at http://www.wine.com.

SOURCE:  Wine.com

Press Contact:

Gwendolyn Osborn
Gwendolyn@wine.com
415-248-4402

Rakuten and LIFULL enter the vacation rental business in Japan; establishes Rakuten LIFULL STAY, Inc.

Rakuten LIFULL STAY represents innovative step into sharing economy in Japan

Tokyo, 2017-Jun-24 — /EPR Retail News/ —  Rakuten, Inc. and LIFULL Co., Ltd. today (June 22, 2017) announced that the two companies will enter the vacation rental business in Japan with the establishment of Rakuten LIFULL STAY, Inc., a subsidiary of RAKUTEN LIFULL STAY PTE. LTD., which is jointly owned by Rakuten and LIFULL. (Investment ratio: Rakuten: 51%; LIFULL: 49%).

As a vacation rental intermediary registered with the Japan Tourism Agency in accordance with the recently passed Private Lodgings Business Law, Rakuten LIFULL STAY will develop a new platform connecting owners of unoccupied homes or rooms who are looking to provide accommodation with people who are wishing to rent. The service, tentatively titled “Vacation Stay,” will provide property owners with new opportunities to make use of their unutilized assets and give users a greater variety of options for accommodation.

By offering a diverse range of more than 70 services, Rakuten has built a user base of approximately 90 million members in Japan and developed a strong network with local governments nationwide. LIFULL operates a real estate and housing information site with around 8 million properties listed and has a network of more than 22,000 affiliated real estate stores. Representing an innovative step into the sharing economy for both companies, Rakuten LIFULL STAY will draw on Rakuten’s membership base as well as LIFULL’s resources and expertise in the real estate industry.

To make it easier for individuals or organizations to make their properties available through the service, Rakuten LIFULL STAY also plans to offer comprehensive support options, assisting with everything from the preparation of properties to day-to-day operations. Operational burden will also be reduced through the development of outsourcing options with external partners. It is hoped these services will result in more properties being made available and the creation of an environment in which the service can be used safely and with greater peace of mind by guests.

In recent years, the growing number of vacant homes in Japan caused by the declining population and stagnating housing market has become a major social issue. At the same time, Japan is facing an acute shortage of accommodation as tourist numbers grow in the lead up to the Tokyo 2020 Olympic Games. Increasing the amount of accommodation available is a pressing issue that the government hopes to address in part through the new Private Lodgings Business Law. Under the law, individuals and businesses meeting certain requirements will be able to utilize their unoccupied homes or rooms to provide vacation rental services without needing a license under the Inns and Hotels Act.

By providing a vacation rental service through Rakuten LIFULL STAY, Rakuten and LIFULL aim to meet the broad demand for accommodation from both domestic and overseas tourists, and address the serious problem of vacant homes while supporting the development and expansion of the accommodation industry.

Overview of Rakuten LIFULL STAY
Company name: Rakuten LIFULL STAY, Inc.
Address: Otemachi Financial City Grand Cube 3F
1-9-2 Otemachi, Chiyoda-ku, Tokyo
Representative: Representative Director Munekatsu Ota
Details of business: Providing services related to vacation rental platform
Date of establishment: March 2017
Website: https://www.rakuten-lifull-stay.co.jp

About Rakuten
Rakuten, Inc. (TSE: 4755) is a global leader in internet services that empower individuals, communities, businesses and society. Founded in Tokyo in 1997 as an online marketplace, Rakuten has expanded to offer services in e-commerce, fintech, digital content and communications to more than 1 billion members around the world. Since 2012, Rakuten has ranked in the top 20 of Forbes Magazine’s annual “World’s Most Innovative Companies” list. The Rakuten Group has over 14,000 employees, and operations in 29 countries and regions.
For more information visit https://global.rakuten.com/corp/.

About LIFULL
LIFULL Co., Ltd. (former company name: “NEXT Co., Ltd.”; TSE First Section: 2120) is a company that operates real estate and housing information services. It was established in 1997 based on an aspiration to change the real estate industry. Its main service is the operation of LIFULL HOME’S, a website providing real estate and housing information, which provides the industry’s most extensive library of property information in Japan. * LIFULL has been expanding its domains from its mainstay housing business, to peripheral areas including nursing care, interior, and insurance. The company has expanded LIFULL HOME’S overseas and is operating Trovit, one of the world’s largest aggregation sites. LIFULL has operations in 53 countries.
LIFULL Group’s corporate message is “Make every LIFE FULL.” LIFULL provides “LIFE solutions” that will offer security and pleasure to people around the world.
For more information visit https://LIFULL.com/en/

Based on the survey conducted by Sankei Medix (announced on January 26, 2017)

SOURCE: Rakuten, Inc.

 

Food Marketing Institute supports Shoptalk’s new program for the grocery and consumer packaged goods industries

NEW YORK, NY and ARLINGTON, VA, 2017-Jun-21 — /EPR Retail News/ — Shoptalk, the organizer of the world’s most important events for retail and ecommerce innovation, announced today the launch of Grocerytalk, a new program for the grocery and consumer packaged goods industries to take place during Shoptalk on March 18-21, 2018, at the Venetian in Las Vegas. Grocerytalk will include content, networking and other unique experiences that focus on the evolution of how consumers discover, shop and buy groceries and consumer packaged goods in a digital age, including the latest technologies, trends and business models. FMI will support the development and marketing of Grocerytalk.

Shoptalk is an unprecedented platform for large retailers and brands, venture-backed direct-to-consumer startups, tech and Internet companies, investors, media, Wall Street analysts and others to come together in an open and friendly environment to learn, collaborate and evolve. Through Shoptalk’s unique Hosted Retailers & Brands Program, individuals from established retailers and brands who engage with Shoptalk exhibitors and sponsors in up to eight 15-minute meetings (that’s just 2 hours over 4 days at Shoptalk) can apply for complimentary tickets to attend Shoptalk as well as a $750 travel/hotel reimbursement. Shoptalk expects more than 1,000 retailers and brands to participate in the Hosted Program, across more than 5,000 meetings.

“Since we launched Shoptalk just over two years ago, we’ve created an entirely new and modern retail and ecommerce narrative and community of innovators, breaking down major, now-stale silos across the industry,” said Anil D. Aggarwal, founder and chief executive officer of Shoptalk. “Our third U.S. event is tracking for over 7,500 attendees up from 5,600 in 2017 and 3,100 in 2016—making Shoptalk the largest American conference for retail and ecommerce innovation.”

Aggarwal continued, “We are excited to partner with FMI, which will support us on all aspects of Grocerytalk as we bring innovation in the grocery and consumer packaged goods industries together with many other verticals for a comprehensive view of disruption. Working with FMI is a breath of fresh air in an industry where many have not even started the critical transition from the legacy normal to an obvious and imminent new normal.”

“In sunsetting our traditional trade show, FMI Connect, FMI promised its members a bolder and more deliberate events strategy. Just as technology evolves, so too will FMI and its portfolio of member services and benefits,” said FMI president and chief executive officer, Leslie G. Sarasin. “Quite bluntly, moving our tech focus into the context of Shoptalk with the launch of Grocerytalk allows us the best of two worlds – maintaining the capacity to focus on the unique retail and ecommerce needs of food, but doing so in the grander, more possibility-rich context of the retail world’s exploration of the topic.”

About Shoptalk

Shoptalk organizes the world’s most important events for retail and ecommerce innovation. Shoptalk events represent unprecedented gatherings of individuals and companies reshaping how consumers discover, shop and buy. Each event provides a platform for large retailers and branded manufacturers, startups, tech companies, investors, media and analysts to learn, collaborate and evolve. The next U.S. event will be held on March 18-21, 2018 at the Venetian in Las Vegas. For more information, visit www.shoptalk.com. Follow @shoptalk. Get tickets for Shoptalk here: http://shoptalk.com/register

Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org.

Contacts:

Rob Wells
Media Relations
rob@shoptalk.com
Berns Communications Group
Stacy Berns/Michael McMullan
(212) 994-4660
sberns@bcg-pr.com / mmcmullan@bcg-pr.com

Heather Garlich
FMI, media@fmi.org
(202) 220-0616

Source: FMI

Intershop helps The Imbema Groep launch its B2B technical wholesale site

  • 180,000 items available via B2B technical wholesale site
  • New B2B online strategy puts customer first

Jena, Germany, 2017-Jun-20 — /EPR Retail News/ — The Imbema Groep has taken sales for its group of technical wholesale businesses online across five sectors with Intershop. The new B2B web shop features 180,000 items, 35,000 of which are available from stock across the construction and infrastructure, gas, water and energy, offshore, maritime and mobility industries.

Jan-Willem Mantel, COO at Imbema Group explains, “Our customer needs to be able to obtain his information quickly and easily, and be inspired. He is key in everything we do. Self-service, self-control and automation are part of that. In other words: a well-functioning online environment, in which the customer can find information on products, prices, delivery times, pending orders, track and trace etc. With Intershop and our implementation partner Salmon we have achieved more in the last two months than in the past five years.”

Imbema Groep had previously started shaping an e-commerce strategy with its ERP supplier. Focused on the interface and IT infrastructure rather than the customer, the initiative soon ran into issues. Once implementation times became very protracted and it became clear that functionality was severely lacking, the project was scrapped.

Research by the Imbema Groep team revealed that fewer and fewer customers have a need for interaction with sales agents. More than 50% orientate themselves online and after that 93% wish to make the purchase online. As a result, the organization has become much more focused on inspiring the customer with success stories and facilitating the online purchase behavior.

The resulting multi-business site is based on Intershop Commerce Management 7.7 and Salmon’s Sellsmart solution, both of which fully integrates with Imbema Groep’s existing ERP application.

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

ChannelAdvisor Corporation sponsors Alibaba’s Gateway ‘17

Research Triangle Park, NC, 2017-Jun-19 — /EPR Retail News/ — ChannelAdvisor Corporation (NYSE:ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to increase global sales, today announced that the company is a sponsor and will present at Gateway ‘17, an inaugural conference hosted by Alibaba to help U.S. businesses, brands, entrepreneurs and farmers explore growth opportunities and reach millions of Chinese consumers. Gateway ’17 will take place at the Cobo Center in Detroit, Michigan on June 20 – 21, 2017.

Sean Finnegan, Manager, Client Services at ChannelAdvisor will co-present “Jewel of the East: How a jewelry seller has found success in China” with Jewelry.com, a Berkshire Hathaway Company,  Director of Marketing Jon Azrielant. The session will be presented on Wednesday, June 21 from 12:45 – 1:15 p.m. CT in the Marketplace speaking area. Attendees will hear how Jewelry.com worked with ChannelAdvisor to sell on Tmall Global.“China is already the largest e-commerce market in the world and has continued to grow rapidly.  For many sellers, it’s no longer a question of ‘if,’ but rather, ‘when’ will they start to sell in China,” said David Spitz, ChannelAdvisor CEO. “We’ve partnered with Alibaba for several years now and we’re excited to help sellers explore Alibaba’s global network at Gateway ‘17.”

In addition to the session, ChannelAdvisor will exhibit at Gateway ‘17 at booth 9. To learn more about selling in China visit our blog.

About ChannelAdvisor

ChannelAdvisor (NYSE: ECOM) is a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to integrate, manage and optimize their merchandise sales across hundreds of online channels including Amazon, Google, eBay, Walmart, Facebook and more. Through automation, analytics and optimization, ChannelAdvisor customers can leverage a single inventory feed to more efficiently list and advertise products online, and connect with shoppers to increase sales. Billions of dollars in merchandise value are driven through ChannelAdvisor’s platform every year, and thousands of customers use ChannelAdvisor’s solutions to help grow their businesses. For more information, visit www.channeladvisor.com.

Contact:

Caroline Riddle
ChannelAdvisor
caroline.riddle@channeladvisor.com
919.439.8026

Source: ChannelAdvisor

Panera Bread now an industry-leading restaurant e-tailer; surpassed $1 Billion in digital sales

Digital Investments Enable a Personalized and Enhanced Guest Experience

ST. LOUIS, 2017-Jun-19 — /EPR Retail News/ — Digital sales at Panera Bread Company (NASDAQ: PNRA) – those made via mobile, web, or kiosk – have surpassed $1 Billion on an annualized basis and could double in 2019. Since the inception of its Panera 2.0 program in 2014, the company has emerged as an industry-leading restaurant e-tailer. Panera’s end-to-end digital pathways, including Rapid Pickup, Fast Lane Kiosks, Catering and Delivery, enable a better guest experience for people to eat the way they want.

As of the end of Q1 2017, system-wide digital sales were 26 percent of total company sales—the highest rate in the restaurant industry outside of the pizza segment. Approximately 1.2 Million digital orders are placed per week, as Panera continues to seamlessly integrate new services with the digital experience. Panera Delivery, which can only be ordered digitally and is supported by cutting-edge order tracking technology, is the latest way Panera is enhancing the guest experience.

“By building digital into the core aspects of our business, we’ve transformed the customer journey at Panera,” said Ron Shaich, Panera’s Founder, Chairman and CEO. “For us, it’s not just about new technology for technology’s sake—it’s about making the guest experience better.”

Blaine Hurst, Panera’s president, said, “When you couple digital innovation with operational integrity, the result is a significant level of digital adoption at the guest level. Our holistic approach to technology pushes us to find new ways to make a difference in the lives of guests – which translates to the kinds of
sales we’re seeing today.”

The company’s investment in digital has allowed guests a more convenient way to eat how they want, where they want at Panera. Guests can leverage digital platforms to customize food to meet their taste and dietary needs, while enjoying overall faster service and shorter wait times.

Panera’s digital ordering integrates with MyPanera®, the restaurant industry’s largest loyalty program with more than 25 million members. Through MyPanera, guests are able to save their favorites, earn and track rewards, and receive personalized special offers.

Panera’s mobile app can be easily downloaded for iOS and Android, and guests can sign up for MyPanera at www.PaneraBread.com.

About Panera Bread
Thirty years ago, at a time when quick service meant low quality, Panera set out to challenge this expectation. We believed that food that was good and that you could feel good about, served in a warm and welcoming environment by people who cared, could bring out the best in all of us. To us, that is food as it should be and that is why we exist.

So we began with a simple commitment: to bake fresh bread every day in our bakery-cafes. No shortcuts, just bakers with simple ingredients and hot ovens. Each night, any unsold bread and baked goods were shared with neighbors in need.

These traditions carry on today, as we have continued to find ways to be an ally to our guests. That means crafting a menu of soups, salads and sandwiches that we are proud to feed our families. Like poultry and pork raised without antibiotics on our salads and sandwiches. A commitment to transparency and options that empower our guests to eat the way they want. Seasonal flavors and whole grains. And a commitment to removing artificial additives (flavors, sweeteners, preservatives and colors from artificial sources) from the food in our bakery-cafes. Why? Because we think that simpler is better and we believe in serving food as it should be. Because when you don’t have to compromise to
eat well, all that is left is the joy of eating.

We’re also focused on improving quality and convenience. With investments in technology and operations, we now offer new ways to enjoy your Panera favorites – like mobile ordering and Rapid PickUp for to-go orders – all designed to make things easier for our guests. As of March 28, 2017, there were 2,042 bakery-cafes in 46 states and in Ontario, Canada, operating under the Panera Bread®, Saint Louis Bread Co. ® or Paradise Bakery & Cafe® names. For more information, visit panerabread.com or find us on Twitter (@panerabread), Facebook (facebook.com/panerabread) or Instagram (@panerabread).

Matters discussed in this news release and in our public disclosures, whether written or oral, relating to future events, including any discussion, express or implied, regarding digital sales and statements made therein, contain forward-looking statements within the meaning of Section 27Aof the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are often identified by the words “believe,” “could,” “positioned,” “estimate,” “project,” “target,” “plan,” “goal,” “assumption,” “continue,” “intend,” “expect,” “future,” “anticipate,” and other similar expressions, whether in the negative or the affirmative, that are not statements of historical fact. These forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict, and you should not place undue reliance on our forward-looking statements. Our actual results and timing of certain events could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including, but not limited to, those discussed from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10- K for the fiscal year ended December 27, 2016, and our quarterly reports on Form 10-Q. All forward-looking statements and the internal projections and beliefs upon which we base our expectations included in this release are made only as of the date of this release and may change. While we may elect to update forward-looking statements at some point in the future, we expressly disclaim any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

Media Contact:
Jonathan Yohannan
jonathan.yohannan@panerabread.com

Source:  Panera Bread Company

ENJOY A LUNCH TOTE WITH BUILT-IN ODOR ELIMINATION FROM METRIC PRODUCTS

CULVER CITY, CA, USA, 2017-Jun-15 — /EPR Retail News/ — Metric Products, a full-service, family-owned and operated company has just today launched their latest functional and high quality product, a Lunch Tote Bag. Metric Products works hard to design, create and manufacture a range of products that are functional and embody good design, simplicity, and unmatched beauty, and this new Lunch Tote Bag, with a revolutionary odor-eliminating pouch built right into its design, is no exception.

Passionate about developing products that provide simple fixes to life’s everyday struggles, Metric Products designed a tote bag that is portable, eye-catching, and functional with no unwanted food-related odors.

“Everyone knows that bringing lunch into school or work is a much healthier option than eating out at local food establishments,” said Rita Haft, Founder and Owner of Metric Products. “Since lunch bags tend to get smelly, owners throw them away and succumb to the allure of cafeteria food. With our new design, we’re hoping to thwart this desire and promote healthier eating.”

The new lunch tote fits all standard sized lunch boxes with extra space for drinks, while keeping all food and snacks at just the right temperature. At the same time, it eliminates any odors that come from new and used food in the compartments.

The product is designed with a durable zipper to keep all food and beverages secure. It also comes with an inside stash pocket to hold cutlery and other valuable kitchen utensils. Due to its origami design, the bag can be folded flat for incredibly easy storage.

“Most importantly, this is a reusable product that will help everyone mitigate their environmental footprint,” said Rita Haft. “Spread the word on the official launch of our new lunch tote, and head on over to Amazon.com to get a better visual of this on-the-go product solution.”

For more information, visit: https://www.amazon.com/dp/B07176FM86

To check our social media accounts, visit: https://shopmetricusa.com/

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METRIC PRODUCTS RELEASES PREMIUM ANKLE STRAP PRODUCT FOR IMPROVED GYM PERFORMANCE

CULVER CITY, USA, 2017-Jun-15 — /EPR Retail News/ — Metric Products, a full-service, family-owned and operated company has just this week released their latest product, a Premium Ankle Strap. Metric Products works hard to design, create, and manufacture a range of products that are functional and embody good design, simplicity and unmatched beauty. This new Premium Ankle Strap is no exception and provides high quality glute kickback workouts at any type of fitness institution.

Designed specifically to partner with any type of cable machine that is hooked to the user’s ankle for glute-based exercises, the Premium Ankle Strap will come in a package of 2 that won’t require the consumer to remove and replace the straps each time they switch feet.

Most products today come with just 1 singular strap, requiring the user to unstrap and re-strap the product every single time they rotate the exercise,” said Rita Haft, Founder and Owner of Metric Products. “We want people to be able to exercise with comfort and convenience today, which is why our high quality products are optimized for seamless application.”

Each one of the ankle cuff products comes with a coconut shell charcoal odor eliminator that removes odors generated from high intensity fitness activities. The pouches also act as natural air fresheners while the user is completing a workout.

Curated for determined fitness performance, the cuffs come with welded stainless steel loops, adjustable D-Rings and a superior-quality hook-and-loop fastening tape that will not give way or slide out of place in the middle of an exercise.

“Best of all, these are portable products that can be simply folded and stored for on-the-go travel, with a natural air freshener that keeps them smelling good anywhere at any time,” said Rita Haft. “Spread the word on the launch of our new product, and head on over to Amazon.com today to learn more about its dimensions.”

Contact: Katie Smith

For more information, visit: https://www.amazon.com/dp/B0713SM3HC.

To check us on social media, visit: https://shopmetricusa.com/

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Intershop helps QBank develop its integration capabilities with various tools and platforms

Jena, Germany, 2017-Jun-14 — /EPR Retail News/ — QBank continues to develop its integration capabilities with various tools. The company’s latest launch is the integration for the German e-commerce system, Intershop.

Intershop and QBank have been partners for about a year, and now they have taken the next step in offering an integrated solution between their platforms. This enables them to offer their customers a better and easier solution for managing product related images and videos. It will also decrease their time-to-market.

“We continue to meet high demands for integration solutions for various types of platforms and tools. The partnership with Intershop will give us a stronger position within the intense communications segment of e-commerce in Europe,” says Carl Petruson, CEO at QBank.

„Excellent customer experience is mandatory for digital commerce and digital assets are an important building block needed to achieve it. That’s why we are happy that we have now combined Intershop’s integrated web content management and product information management capabilities with best-of-breed digital asset management functionality of QBank,” says Nils Breitmann, Enterprise Architect at Intershop.

For more information about the QBank Connector for Intershop visit https://www.qbankdam.com/en/integration/intershop.

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

NCR and Red Rook Team-up to Provide Omni-Channel Commerce To Specialty Retailers in North America

ATLANTA, GA, 2017-Jun-12 — /EPR Retail News/ — Red Rook announced today (June 6, 2017) an initiative with NCR (NYSE: NCR), a global leader in omni-channel solutions, to provide robust omni-channel solutions to specialty retailers in North America.  Red Rook’s Commerce5 solution leverages the power of NCR Counterpoint, and the Magento ecommerce platform, to deliver a comprehensive retail management solution.

NCR Counterpoint includes robust point-of sale (POS), inventory management software, built-in customer loyalty, automated purchasing, and configurable reporting capabilities. It is built with the specialty retailer in mind, with an open architecture that allows for customizations, mobile and marketing solutions, and real time data at their fingertips.

Commerce5 combines NCR Counterpoint’s strengths with Magento’s online commerce, order management, B2C and B2B capabilities to empower merchants to grow their channels, create demand for their products, while scaling operations simultaneously.

“NCR embraces innovation in developing omni-channel customer engagement at every level,” said Ken Richard, Global Channel and Distribution Leader at NCR. “Red Rook has established themselves as omni-channel experts by bringing together best practices of brick-and-mortar retailers and online-only merchants. Combining our strengths enables us to deliver a unified experience that keeps us at the forefront of retail technology.”

“Red Rook is excited to be a part of NCR’s mission to enhance the omni-channel user experience across all channels.   We’ve been working for years now to bring Counterpoint and omni-channel ecommerce together and believe that there is a huge potential for our combined offering,” said Joseph Duke, CEO of Red Rook.

NCR and Red Rook will continue to innovate and empower NCR Counterpoint merchants, and their channel technology providers, with omni-channel solutions that serve a broad range of specialty markets. This is one of many NCR initiatives to expand omni-channel presence across the retail industry.

About Red Rook
Red Rook is a recognized leader in providing omni-channel solutions for both online and in-store commerce.  We have partnered with the world’s largest technology companies, and some of the most innovative growth companies to achieve success in delivering value to the clients we serve in the retail and e-commerce industries.  We believe in true partnership, continual innovation, and always putting in more than we take out, whether with our team, clients, or the markets we serve.  Today, we manage over 28 Million customers on behalf of our valued clients.  Founded in 2001, the company is headquartered in Atlanta, GA.  To learn more about unique company and culture, please visit us at: www.theredrook.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.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

Source: NCR Corporation

Visa adds 13 new partners to participate in its token service provider (TSP) program

Visa Adds Thirteen New Token Service Providers to Broaden Global Access to Visa Token Service

SAN FRANCISCO & NEW YORK, 2017-Jun-08 — /EPR Retail News/ — Today (June 7, 2017), Visa (NYSE:V) announced it has signed 13 new partners to participate in its token service provider (TSP) program, as the payments industry shifts from plastic to digital and broader access to new standards, such as tokenization, are needed. With demand expected to increase for payments to be embedded into a growing number of devices, services and experiences, Visa has built out a global network of partners to offer secure, digital payment token services and ensure that regardless of form factor, an Internet-of-Things (IoT) device, appliance, wearable or beyond, can become a more secure place for commerce.

The newest Visa partners share a desire to advance digital and device-based payments, and represent all major regions of the globe:

  • Global: FitPay, Infosys, Rambus
  • Asia Pacific/India: Mahindra Comviva, PayCraft
  • Central Europe, Middle East & Africa: Digiseq, FOO, Pri-Num, Seglan
  • Latin America & the Caribbean: HST, Prosa, VeriTran, YellowPepper

“A potential tidal wave of new payment accounts is approaching — conservative estimates expect 21 billion Internet-connected devices in just three more years,* so having both the partner network and the right technology in place are fundamental to driving payments on those devices,” said Jim McCarthy, executive vice president, innovation and strategic partnerships, Visa Inc. “We are proud to welcome so many great new partners to the token service provider program, to help us extend tokenization to new devices and form factors and give consumers more payment experiences that they love.”

Visa first announced its token service provider program in October 2016 with initial partners Giesecke+Devrient (G+D), Gemalto and Inside Secure. Since then, G+D, FitPay, Infosys, Inside Secure, and Pri-Num, have been Visa Ready-qualified and begun integrations of Visa technology with partners. The Visa Ready Program provides structure and clarity to allow partners to quickly introduce devices, software, and solutions that can initiate or accept Visa payments.

“Commerce is quickly spreading from computers, smartphones and tablets to connected endpoints of all shapes and sizes,” said Jordan McKee, principal analyst, 451 Research. “Consumers now expect to be able to purchase goods and services at any given time or place on the device of their choosing. What’s more, they expect the experience to be not only secure, but easy-to-use. To meet these elevated demands, commerce stakeholders must collaborate on approaches such as tokenization to ensure security and usability are maintained at scale.”

Visa’s token service provider program gives technology companies a standards-based approach and access to Visa’s broad network of tools and services, including the Visa Token Service, as well as integration, development and marketing support. The program also helps expand the market for tokenization to other companies as they develop new and secure digital payment services and promotes consistency envisioned in the EMVCo token standards.

Tokenization is a payment security technology that replaces cardholder information, such as account numbers and expiration dates, with a unique digital identifier (a “token”) that can be used for payment without exposing a cardholder’s more sensitive account information.

Any organization interested in working with Visa’s global network of token service providers to become a token service requestor can contact Visa directly at Tokenrequester@visa.com.

** Gartner, IoT report, February 2017, http://www.gartner.com/newsroom/id/3598917

About Visa

Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.

SOURCE: Visa Inc.

Visa Inc.
Kryssa Guntrum
415-805-4488
kguntrum@visa.com

ChannelAdvisor co-founder and executive chairman Scot Wingo to present at the Internet Retailer Conference & Exhibition

Amazon & Me Workshop will be chaired by ChannelAdvisor Co-Founder and Executive Chairman, Scot Wingo

Research Triangle Park, NC, 2017-Jun-03 — /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 (June 1, 2017) announced that Scot Wingo, ChannelAdvisor’s co-founder and executive chairman, will chair the Amazon & Me Workshop at the Internet Retailer Conference & Exhibition (IRCE), for the fifth year in a row. The workshop, taking place Tuesday, June 6 at McCormick Place West in Chicago, will feature a day-long agenda packed with presentations about best strategies for competing on Amazon.  The workshop will provide Amazon veterans and newcomers alike with the knowledge, insights and tactics to help drive sales, profit and sustainable growth.

In addition to the session, ChannelAdvisor will exhibit at IRCE at booth 607. To learn more about ChannelAdvisor’s presence at the conference, visit “Gain a Competitive Edge at IRCE 2017 with ChannelAdvisor.”

“The Amazon & Me workshop is a great way to kick off IRCE. This one-day event will give attending brands and retailers both the techniques and strategies they need to help increase Amazon sales. The workshop is packed with sessions for both first-party and third-party sellers who are looking for ways to understand the intricacies of selling on Amazon.” said Wingo. “The content we have for brands this year is second to none. I’ve worked hand in hand with the Amazon & Me speakers over the last year and we’ve assembled some of the best content I’ve seen in the five years I’ve been involved with the workshop.”

The IRCE Amazon & Me Workshop features 11 sessions led by industry experts from companies such as Dorel Juvenile Group, Perrigo, Real Deal Sales, RW Baird & Co., and more. Wingo will introduce the workshop at 8:45 a.m. CT and will present insights into the current landscape of selling on Amazon. He will also lead the Q&A session “Nothing’s Sacred: Bring Your Burning Questions” at 3:45 p.m. CT. Mark Vandegrift, ChannelAdvisor vice president of product management, will co-present “Analyzing Your Amazon Data” with Aaron Conant, senior manager, eCommerce sales & business development at Perrigo.

Amazon & Me Workshop presentations include:

  • Foundation: Amazon’s Catalog – Get Your Listings in Gear
  • Selling on Amazon as a Third Party or First Party – or Both?
  • Fulfillment By Amazon: The How, The When – and The If
  • Play to Win – The Buy Box
  • Analyzing Your Amazon Data
  • Marketing on Amazon for Brands and Retailers
  • Negotiating with Amazon – for the Long Term
  • Mining Amazon for Sourcing and New Product Ideas
  • Amazon 2017 and Beyond

In addition to the workshop, ChannelAdvisor’s vice president of digital marketing strategy, Link Walls will hold one-on-one strategy sessions with select IRCE attendees. To request a 30-minute digital marketing strategy-building session, request your spot here.

About ChannelAdvisor

ChannelAdvisor (NYSE: ECOM) is a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to integrate, manage and optimize their merchandise sales across hundreds of online channels including Amazon, Google, eBay, Walmart, Facebook and more. Through automation, analytics and optimization, ChannelAdvisor customers can leverage a single inventory feed to more efficiently list and advertise products online, and connect with shoppers to increase sales. Billions of dollars in merchandise value are driven through ChannelAdvisor’s platform every year, and thousands of customers use ChannelAdvisor’s solutions to help grow their businesses. For more information, visit www.channeladvisor.com.

Contact:

Caroline Riddle
ChannelAdvisor
caroline.riddle@channeladvisor.com
919.439.8026

Source: ChannelAdvisor

Fraud Detect: First Data launches comprehensive fraud solution for merchants around the world

  • Fraud Detect strengthens line of defense for eCommerce, universal commerce, mobile, in-store, and at the pump fraudulent transactions
  • Leverages artificial intelligence and machine learning for real-time fraud scoring
  • In pilot test, Fraud Detect significantly reduced fraud risk for merchants

NEW YORK, 2017-Jun-02 — /EPR Retail News/ — First Data (NYSE: FDC), a global leader in commerce-enabling technology, today (JUNE 1, 2017) announced the launch of Fraud Detect, a comprehensive fraud solution for merchants around the world. Fraud Detect leverages artificial intelligence and machine learning, fraud scoring, cybersecurity intelligence, and information from the Dark Web to provide merchants with the capability to detect fraudulent in-store, at the pump, online, mobile, and in-app transactions before they occur.

Each year, First Data powers trillions of dollars of transactions around the world, including $2.2 trillion in 2016. Using artificial intelligence, Fraud Detect analyzes those vast datasets to identify fraud and potential chargebacks. In parallel, Fraud Detect incorporates data from the Dark Web, a collection of websites that exist on an encrypted network, to enhance the power of the solution with information that would otherwise only be viewed by cybersecurity experts.

In a recent pilot, Fraud Detect identified and prevented fraud that was undetected by other solutions in the market. Overall, merchants in the pilot saw lower false positive rates and an 80% improvement in identifying fraudulent transactions before they occurred. Fraud Detect also scored and assessed transactions in less than half a second.

Fraud Detect is available for businesses of all sizes and is applicable to a wide variety of industries, including retailers, restaurants, petroleum companies, and service providers.

“With Fraud Detect, our clients have seen an unprecedented reduction in fraud risk, while increasing payment acceptance and creating a better customer experience,” said Steve Petrevski, Senior Vice President, Security and Fraud Solutions at First Data. “First Data is giving clients an unparalleled line of defense across all commerce channels, allowing these businesses to enhance the way they interact with their own customers.”

Fraud Detect includes:

  • Dynamic, real-time machine learning so clients can respond quickly to evolving threats
  • World-class, enhanced, customized solutions for mid-market and enterprise businesses
  • A “turnkey” solution for small businesses to implement enterprise-quality solutions
  • Ability to customize settings to tailor to business needs
  • A reporting and analytics dashboard with near real-time analysis
  • Consultative client support to assist with implementation and training
  • Managed services offerings including fraud analysts and fraud program management

One key area for Fraud Detect is eCommerce. According to Aite Group, eCommerce fraud is expected to reach $5.9 billion by 2020, nearly double what it amounts to today. Consequently, merchants seeking to expand their businesses across online and mobile channels are increasingly vulnerable to eCommerce fraud risk.

“As consumers demand frictionless shopping experiences, clients are increasingly turning to First Data to enhance customer engagement with universal commerce,” said Shane Fitzpatrick, Global Head of eCommerce at First Data. “We are able to help our clients move into new channels and offer unique commerce functions, while helping to mitigate their security and fraud risk.”

“Merchants are expanding into new commerce channels, and they want technology solutions that protect their customers and reduce their exposure to false declines, chargebacks, and fraud,” said Julie Conroy, Research Director at Aite Group. “The technologies behind Fraud Detect and First Data’s ability to identify fraudulent transactions in real time will provide significant value to businesses around the world.”

In recent years, First Data has made significant enhancements and investments to its fraud and security offerings. With its unique internal alignment across the cybersecurity and security and fraud teams, clients benefit from the combined assets and resources of all of the businesses. Fraud Detect adds to First Data’s expansive fraud and security portfolio, which includes TransArmor for tokenization and encryption, EMV point-of-sale devices, including the Clover hardware and software solution suite, and the DefenseEdge product suite for financial institutions.

For more information about Fraud Detect, please visit our website.

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.

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

Source: First Data

First Data becomes the inaugural partner for Rhode Island’s smart government innovation center

Center will develop research tools for state and local governments, leveraging advanced analytics and big data

NEW YORK, 2017-Jun-01 — /EPR Retail News/ — First Data (NYSE: FDC), a global leader in commerce-enabling technology, today (MAY 31, 2017) announced the company will partner with the state of Rhode Island to serve as a founding member of a Providence-based smart government innovation center. The center will be the first such research partnership of its kind for First Data, and will leverage innovative research developed with the state’s leading educational institutions to address evolving needs in the public sector for data-driven policy design.

First Data will be the inaugural partner for the center, and it is expected that more for-profit organizations will join the effort. The center, to be located in Providence’s College Hill neighborhood, is expected to employ approximately 30 staff members, consisting of full time research faculty, graduate fellows, and student interns recruited from the State’s local universities. Talent for the center will be staffed through partnerships with local educational institutions and led by experts in each respective research area.

The center will primarily focus on research that addresses emerging issues in public and fiscal policy research. This will include the development of analytical tools that leverage proprietary and public financial data to assist in revenue estimating, consumer behavior forecasting, budget development, policy design, and innovation in digital commerce.

Among the institutions First Data will work with to develop data-driven innovative policy solutions is the Rhode Island Innovative Policy Lab (RIIPL) at Brown University – a state-of-the-art research lab with more than 30 behavioral economists, data scientists, and policy analysts dedicated to unlocking the power of data and science to improve policy, alleviate poverty, and increase economic opportunity.

“At First Data, we are committed to driving forward the future of commerce. This partnership will give us access to the best and brightest minds from within Rhode Island’s borders, building on years of research and development experience at First Data,” said Frank Bisignano, Chairman and CEO, First Data. “Governor Raimondo’s statewide government innovation and policy research initiatives, combined with Rhode Island’s role as an academic hub in New England, uniquely positions the state as a location for the center.”

“Rhode Island has maintained a long history of regional leadership in finance. Now, Rhode Island is partnering with the industry leader in commerce technology, First Data, to drive the latest solutions for government innovation,” said Governor Gina Raimondo. “We are excited to be a part of this new initiative that pairs some of our best resources with First Data’s expertise.”

The global market for predictive analytics and big data is expected to grow radically in the next three years. Estimates from the International Data Corporation predict the market will grow from US$130.1 billion as of 2016 to a projected $203 billion by 2020. The smart government center will leverage First Data’s expertise within the FinTech industry and its premier data and analytics capabilities to produce research and analytical tools with government applications. The tools developed by the center will be designed for eventual use by other local and state government agencies through pilot programs.

The placement of the center in Providence provides a distinct geographic advantage. Providence serves as a financial hub for the surrounding region, with many companies and banks that maintain a major presence in the city. Rhode Island is also home to Brown University’s Watson Institute for International and Public affairs and the recently-founded Government Innovation League, a government incubator founded under the Raimondo administration. The smart government innovation center would help to develop tools for agencies across all levels of government, with the goal of producing an impact that would be felt at the local and national level.

First Data’s Government Solutions group offers a unique combination of government program experience and technology expertise to help government organizations meet the demand for lower costs, as well as more efficient and effective government service.

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.

Media Contact:
Liidia Liuksila
212-515-0174
Liidia.liuksila@firstdata.com

Source: First Data

7th annual RetailNext Executive Forum, Insight : Ignite, May 31-June 2 at the Silverado Resort and Spa in Napa, CA

7th annual RetailNext Executive Forum, Insight : Ignite, May 31-June 2 at the Silverado Resort and Spa in Napa, CA

 

Smart Store Retail IoT Market Leader Promotes Catalysts for Retail Industry Thought Leadership and Change

SAN JOSE, Calif., 2017-May-31 — /EPR Retail News/ — Today (May 30, 2017), RetailNext Inc., the worldwide leader in retail IoT and smart store analytics for optimizing shopper experience, announced its seventh annual RetailNext Executive Forum, Insight : Ignite, May 31 through June 2 at the Silverado Resort and Spa in Napa, Calif. The annual conference features content and programming facilitated by RetailNext clients, acclaimed retail industry experts and a full roster of strategic partners representing a 360-degree view of today’s complex omnichannel retail enterprises.

“RetailNext is excited and proud to again host retail thought leaders across a variety of disciplines at its annual Executive Forum,” said Bridget Johns, head of marketing and customer experience at RetailNext. “Shoppers continue to dictate change to the retail industry, and the Executive Forum allows a dynamic, multi-directional exchange of ideas between RetailNext’s customers, partners and its employees to inspire and empower retailers to deliver the shopping experiences necessary to meet the values and the ever-rising needs of their customers.”

With over 200 retail professionals from the United States, Canada, United Kingdom, France, Spain, Japan, China, Taiwan, Indonesia, Singapore and Australia in attendance, the RetailNext Executive Forum directly addresses the challenging retail environment and focuses on innovations to better understand shopping behaviors, optimize shopping experiences and engage shoppers in more personalized manners. The Executive Forum and its associated events offer rich agendas featuring keynote addresses, panel discussions, breakout sessions, workshops and networking opportunities.

In addition to keynote presentations by Leslie Ghize, executive vice president of TOBE and senior vice president of The Doneger Group, and Julie Bernard, chief marketing officer of Verve Mobile, and a distinguished roster of customer guest speakers, key members of the RetailNext Ecosystem Partner Program, including Oak Labs, FoyerLive, WorkForce Software, Shift Messenger, ThinkTime, Inkling and by REVEAL will be attending as part of the Solution Showcase, an interactive environment highlighting the growing ecosystem of partners utilizing RetailNext’ SaaS platform to deliver powerful new solutions for retailers.

“Since its inception in 2007, RetailNext has worked with leading retailers, manufacturers and malls to better understand shoppers and their shopping journeys and behaviors,” added Johns. “At the Executive Forum, stakeholders from all over the world of retail will delve into the industry’s immense challenges and opportunities, and emerge with new ideas and strategies driving success in retail’s most complex and competitive era.”

About RetailNext

The first retail vertical IoT platform to bring e-commerce style shopper analytics to brick-and-mortar stores, brands and malls, RetailNext is a pioneer in focusing entirely on optimizing the shopper experience. Through its centralized SaaS platform, RetailNext automatically collects and analyzes shopper behavior data, providing retailers with insight to improve the shopper experience real time.

More than 350 retailers in over 70 countries have adopted RetailNext’s analytics software and retail expertise to better understand the shopper journey in order to increase same-store sales, reduce theft and eliminate unnecessary costs. RetailNext is headquartered in San Jose, Calif. Learn more at www.retailnext.net.

Follow the #inspiringretail, #smartstore and #RNEF17 conversations on Twitter @RetailNext.

Media Contacts:

Ray Hartjen
RetailNext, Inc.
(925) 895-5441
ray.hartjen@retailnext.net

Source: RetailNext Inc.

First Data to acquire all outstanding shares of common stock of CardConnect for $15.00 per share in cash

  • CardConnect’s innovative partner management tools help improve merchant retention
  • Capabilities accelerate First Data’s firm-wide ISV initiative
  • Brings First Data immediate capabilities in ERP-integrated payment solutions
  • All CardConnect tools and capabilities will be made available through First Data’s JVs, acquiring partnerships, and other distribution channels
  • Transaction is modestly accretive to adjusted EPS before expected synergies
  • Modest impact on leverage; medium-term deleveraging objective remains intact

NEW YORK AND KING OF PRUSSIA, PA,, 2017-May-30 — /EPR Retail News/ —First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, and CardConnect Corp. (NASDAQ: CCN), a technology-oriented commerce solutions provider, announced today (29 May 2017) that they have entered into a definitive merger agreement for First Data to acquire all of the outstanding shares of common stock of CardConnect for $15.00 per share in cash. The transaction is expected to be modestly accretive to First Data’s adjusted EPS in the first full year post-closing, before expected synergies.

CardConnect is an innovative provider of payment processing and technology solutions and is one of First Data’s largest distribution partners. It processes approximately $26 billion of volume annually from about 67,000 merchant customers which are served by CardConnect’s large base of distribution partners.

“This transaction is consistent with our strategy of integrating and scaling innovative technologies across our distribution footprint to better serve our partners and customers,” said First Data Chairman and CEO, Frank Bisignano. “CardConnect is a long-standing First Data distribution partner and we are excited to incorporate their state-of-the-art solutions across some of our most important strategic initiatives such as partner-centric distribution, integrated payments, and enterprise payments solutions.”

“We are thrilled with the opportunity for CardConnect to partner with an organization that has the world class capabilities of First Data,” said CardConnect President and CEO, Jeff Shanahan. “This transaction improves our ability to innovate and deliver leading technology-oriented commerce solutions to our combined customer base. In addition, we believe our growth trajectory improves with First Data’s breadth of products and its powerful distribution network.”

Transaction Terms
Under the terms of the definitive merger agreement between the parties, a subsidiary of First Data will commence a tender offer to acquire all of the outstanding CardConnect common stock for a purchase price of $15.00 per share in cash, followed by a merger in which each share of CardConnect common stock not tendered will be converted into the right to receive $15.00 per share in cash. The aggregate transaction value is approximately $750 million, including repayment of CardConnect’s outstanding debt and the redemption of CardConnect’s preferred stock. First Data intends to fund the transaction with a combination of cash on hand and funds available under existing credit facilities.

The merger agreement has been unanimously approved by CardConnect’s Board of Directors. In addition, CardConnect shareholders holding approximately 40% of CardConnect common stock have entered into tender and support agreements agreeing to tender their shares of common stock into the tender offer and support the transaction. The transaction is subject to the tender of a majority of the outstanding shares of CardConnect common stock as well as other customary closing conditions, including expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The parties expect the transaction to close in the third quarter of 2017.

Allen & Company LLC acted as the exclusive financial advisor to First Data and Weil, Gotshal & Manges LLP acted as its legal advisor. Financial Technology Partners LP and FTP Securities LLC (collectively, “FT Partners”), served as exclusive financial and strategic advisor to CardConnect, and Wachtell, Lipton, Rosen & Katz acted as CardConnect’s legal advisor.

Conference Call and Webcast
The companies will host a conference call and webcast to review the transaction on Tuesday, May 30, 2017 at 8 a.m. ET. To listen to the call, dial +1 (844) 826-3033 (U.S.) or +1 (412) 317-5172 (outside the U.S.). The call will also be webcast on the Investor Relations section of the First Data and CardConnect websites at investor.firstdata.com and investors.cardconnect.com, along with a slide presentation to accompany the call.

A replay of the call will be available through July 12, 2017, at +1 (877) 344-7529 (U.S.) or +1 (412) 317-0088 (outside the U.S.); passcode 10108324, and via webcast at investor.firstdata.com and investors.cardconnect.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 CardConnect
CardConnect (NASDAQ: CCN) is an innovative provider of payment processing and technology solutions, helping more than 67,000 organizations – from independent coffee shops to iconic global brands – accept billions of dollars in card transactions each year. Since its inception in 2006, CardConnect has developed advanced payment solutions backed by patented, PCI-certified point-to-point encryption (P2PE) and tokenization. The company’s small-to-midsize business offering, CardPointe, is a comprehensive platform that includes a powerful reporting and transaction management portal which extends to a native mobile app. CoPilot is a centralized business management tool to help distribution partners manage their business. For enterprise-level organizations, CardSecure integrates omni-channel payment acceptance into several ERP systems – such as Oracle, SAP, JD Edwards and Infor M3 – in a way that minimizes PCI compliance requirements and lowers transaction costs.

Additional Information and Where to Find It
The tender offer for the outstanding shares of CardConnect (the “Company”) referenced in this communication has not yet commenced. This announcement is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of the Company, nor is it a substitute for the tender offer materials that First Data Corporation and its acquisition subsidiary will file with the U.S. Securities and Exchange Commission upon commencement of the tender offer. At the time the tender offer is commenced, First Data and its acquisition subsidiary will file tender offer materials on Schedule TO, and the Company will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the tender offer. The tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other tender offer documents) and the Solicitation/Recommendation Statement will contain important information. Holders of shares of the Company are urged to read these documents when they become available because they will contain important information that holders of the Company securities should consider before making any decision regarding tendering their securities. The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, will be made available to all holders of shares of the Company at no expense to them. The tender offer materials and the Solicitation/Recommendation Statement will be made available for free at the SEC’s web site at www.sec.gov. Additional copies may be obtained for free by contacting First Data, 225 Liberty Street, 29th Floor, New York, New York 10281, Attention: Investor Relations.

In addition to the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, First Data and the Company file annual, quarterly and special reports and other information with the SEC. You may read and copy any reports or other information filed by First Data or the Company at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. First Data’s and the Company’s filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at http://www.sec.gov.

Cautionary Statement Regarding Forward-Looking Statements
This communication contains forward-looking information relating to First Data and the proposed acquisition of CardConnect by First Data that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Forward-looking statements in this communication include, among other things, statements about the potential benefits of the proposed acquisition; First Data’s and CardConnect’s plans, objectives, expectations and intentions; the financial condition, results of operations and business of First Data and CardConnect; industry, business strategy, goals and expectations concerning First Data’s and CardConnect’s market position, future operations, future performance and profitability; and the anticipated timing of closing of the acquisition. Risks and uncertainties include, among other things, risks related to the satisfaction of the conditions to closing of the acquisition (including the failure to obtain necessary regulatory approval) in the anticipated timeframe or at all, including uncertainties as to how many CardConnect stockholders will tender their shares in the tender offer and the possibility that the acquisition does not close; the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, including in circumstances which would require First Data or CardConnect to pay a termination fee or other expenses; risks related to the potential impact of the announcement or consummation of the proposed transaction on First Data’s or CardConnect’s important relationships, including with employees, suppliers and customers; disruption from the transaction making it more difficult to maintain business and operational relationships; negative effects of this announcement or the consummation of the proposed acquisition on the market price of First Data’s or CardConnect’s common stock and on First Data’s or CardConnect’s operating results; significant transaction costs; the risk of litigation and/or regulatory actions related to the proposed acquisition; the possibility that competing offers will be made; and risks related to the ability to realize the anticipated benefits of the acquisition, including the possibility that the expected benefits from the proposed acquisition will not be realized or will not be realized within the expected time period. Other factors that may cause actual results to differ materially include those that will be set forth in the Schedule TO, Schedule 14D-9 and other tender offer documents filed by First Data, Merger Sub and CardConnect. Many of these factors are beyond First Data’s and CardConnect’s control. A further description of risks and uncertainties relating to First Data and CardConnect can be found in their Annual Reports on Form 10-K for the fiscal year ended December 31, 2016 and in their subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all of which are filed with the SEC and available at www.sec.gov. Unless otherwise required by applicable law, each of First Data and CardConnect disclaims any intention or obligation to update forward-looking statements contained in this communication as the result of new information or future events or developments.

Contact:

First Data Contacts
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

CardConnect Contacts
Joe Hassett
Gregory FCA Communications
610-228-2110
joeh@gregoryfca.com

Source: First Data Corporation

Newegg Seller Day to be held on June 15, London

Newegg to Host Day-long Event for European E-commerce Companies Interested in Selling Cross-border into North America and Beyond

Los Angeles, CA, 2017-May-29 — /EPR Retail News/ — Newegg, the leading tech-focused e-retailer in North America and a growing force in global e-commerce, today unveiled details of its forthcoming Newegg Seller Day (June 15 from 10 am until 6 pm at The Crystal, One Siemens Brothers Way, Royal Victoria Docks, London, E16 1GB). Newegg will welcome aspiring and seasoned e-commerce sellers to this day-long event to equip them with the knowledge and tools necessary to take their businesses to the North American market and beyond. The event coincides with London Tech Week, which is expected to draw 40,000 attendees from 70+ countries.

“London Tech Week gives us the perfect platform to reach a diverse cross-section of e-commerce sellers from around the world,” said Danny Lee, CEO of Newegg. “Newegg Seller Day is a great opportunity for these businesses to embrace the concept of selling to customers in other parts of the world, and Newegg is the ideal partner to help them cross borders and expand their customer base.”

Newegg’s online retail platform has helped thousands of sellers expand their businesses into North America and other key markets. Newegg Seller Day is a free networking event for e-commerce sellers to learn about current cross-border and exporting opportunities, as well as trends driving the global e-commerce market. More than 200 UK/EU retailers and other brands are expected to attend.

Newegg Seller Day will feature a panel discussion at 3:25 pm, Cross-border eCommerce Opportunities for UK Companies Looking to Maximize International Channels. Moderated by World First, the panel will feature e-commerce experts sharing their experience and perspectives on cross-border e-commerce, offering a multi-faceted view into one of the most dynamic aspects of global e-commerce.

Retailers interested in attending Newegg Seller Day can learn more and register by visiting http://www.newegg.com/newegg-seller-day. Like Newegg on Facebookand follow Newegg on Twitter to stay up to date on the company’s latest news.

About Newegg Inc.
Newegg Inc. is the leading electronics-focused e-retailer in the United States. It owns and operates Newegg.com (http://www.newegg.com) which was founded in 2001 and regularly earns industry-leading customer service ratings. The award-winning website has more than 28 million registered users and offers customers a comprehensive selection of the latest consumer electronics products, detailed product descriptions and images, as well as how-to information and customer reviews. Using the site’s online tech community, customers have the opportunity to interact with other computer, gaming and consumer electronics enthusiasts. Newegg Inc. is headquartered in City of Industry, California. The Newegg Hybrid Centers are located in City of Industry, CA and Richmond Hill, Ontario.

Source: Newegg Inc.