Rakuten Pay to support 14 major electronic money brands and Android Pay™ from summer 2017

Rakuten Pay to support 14 major electronic money brands and Android Pay™ from summer 2017

 

Rakuten Edy, Suica, nanaco, QUICpay+, iD and more accepted from Summer 2017

Tokyo, 2017-Feb-07 — /EPR Retail News/ — Rakuten, Inc. today announced that the Rakuten Pay in-store payment system will be expanded to support 14 major electronic money brands and Android Pay™*1 from summer 2017. Among similar payments services in Japan, Rakuten Pay is the first to support the 14 major electronic money brands in the country.

With Rakuten Pay, Rakuten is able to provide affiliated stores with a single payments service that supports a variety of payment methods, including credit cards, electronic money and a smartphone app, allowing them to meet the diverse needs of their customers. Rakuten Pay will accept payments made through Rakuten Edy, the electronic money service provided by Rakuten Group, nine electronic money brands affiliated to transport organizations, including “Suica” and “PASMO”, “nanaco” which can be used at Seven & i Holdings retailers across Japan, “WAON” the electronic money brand provided by the AEON Group (planned service launch in 2018) , as well as  “QUICPay+TM” and “iD*1.” As the system supports “Rakuten Edy”, it is also compatible with Android Pay™. In the future there are plans to make the service compatible with payment services based on the international NFC (Near Field Communication)*2 standard, such as “Visa payWave”*3 ,  “Mastercard® Contactless”*4 and “J/Speedy”*5  making it possible for affiliated stores to process payments made by foreign tourists visiting Japan as well.

In preparation for the beginning of this service expansion, the “Rakuten Card & NFC Reader Elan” (18,800 yen including tax) will also become available for purchase from March 6, 2017*6. This device is equipped with functions that enable payment through both credit cards and electronic money. For participating stores that already carry the older device and stores that wish to accept only major electronic money brands, the “Rakuten NFC Reader Piu” (4,980 yen including tax), an electronic money reader that is equipped with NFC functions, is scheduled to go on sale in the summer of 2017.

Rakuten launched the Rakuten Pay in-store payment system, originally a settlement service for credit cards, in December 2012 with the aim of expanding the Rakuten Ecosystem to brick-and-mortar stores. In October 2016, Rakuten began providing a smartphone app service through Rakuten Pay which utilizes the Rakuten Member ID, further driving innovation and capitalizing on the strengths of its FinTech businesses, such as Rakuten Card and Rakuten Bank. The Rakuten Pay in-store payment system is recognized for its convenience, as well as paying by Rakuten Super Point.

By working to continually expand its payment services offerings and functions, Rakuten aims to further improve satisfaction for participating stores and customers.

Overview

Launch date of service: Summer, 2017

Electronic money brands accepted:
Rakuten Edy, all electronic money brands affiliated with transport organizations (Suica, PASMO, Kitaca, TOICA, manaca, ICOCA, SUGOCA, nimoca, Hayakaken), nanaco, WAON (scheduled to be launched in 2018) , QUICPay+, and iD,

* As the system also supports Rakuten Edy, payment is also accepted through Android Pay™, the digital wallet service provided by Google.

Source: Rakuten Inc.

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Shop Direct announces plans to open London hub in summer 2017

Liverpool,UK, 2016-Nov-17 — /EPR Retail News/ — Shop Direct, the UK’s second largest pureplay online retailer, has announced plans to open a London hub at 111 Buckingham Palace Road, which will host colleagues working across data, eCommerce, IT, product and brand.

The 25,000 sq ft space, which will open in summer 2017, will have capacity for up to 250 colleagues. The workforce will comprise a mix of new hires, existing colleagues, and some who will split their time between London and the company’s head office in Liverpool.

Shop Direct – which operates online department stores including Very.co.uk, Littlewoods.com and VeryExclusive.co.uk – has engaged award-winning interior design specialists, SpaceInvader Design, to help create an environment that embodies the company’s values and ambition to become a world class digital retailer.

The hub will be a digital workplace full of purpose and passion that reflects Shop Direct’s continued focus on m-commerce and personalisation, enabled through cutting edge technology, its unique data asset and collaborative, agile working practices.

The London hub will play an important role in delivering and maximising some of the company’s landmark growth initiatives. These include its investment in advanced analytics, machine learning and artificial intelligence, the continued development of advanced IT capabilities, and the expansion of its brand roster and recently launched own label, V by Very. It will also be the new home of the VeryExclusive.co.uk team, who are currently based in Shop Direct’s Pollen Street showroom.

The announcement follows Shop Direct reporting in September a fourth consecutive year of record sales and underlying pre-tax profit (PBT) in the 53 weeks to 30 June 2016. The group grew underlying PBT by 43.6% to £150.4m and sales by 4.3% to £1.86bn, with 62% of online sales originating from mobile devices during the period (2015: 56%).

Alex Baldock, group CEO at Shop Direct, said: “We need to keep innovating to meet the ever-changing needs of our customer. That’s why we’re opening this fantastic new hub. The new space will reflect everything we stand for and are striving for.

“It’ll help us attract even more of the best people and get even closer to our existing partners, as well as forge important new partnerships. But above all it’ll be a place where our colleagues will have the space and facilities to thrive, delivering new innovation every day to help us continue making good things easily accessible to more people.

“There’s lots of work to do before we open, but I can’t wait to see the collaborative, digital workspace we’ll create.”

ABOUT SHOP DIRECT

Shop Direct is the UK’s second largest pureplay digital retailer, with annual sales of almost £1.9 billion. Our digital department store brands are Very.co.uk, Littlewoods.com, VeryExclusive.co.uk andLittlewoodsIreland.ie. We receive an average of more than 1.2 million website visits every day, with 62% of online sales completed on mobile devices.

We exist to make good things easily accessible to more people. With our department store range of famous brands, market-leading ecommerce and technology capabilities and unique financial services products offering flexible ways to pay, we’re well placed to deliver on that promise.

We sell more than 1,300 famous brands, including big name labels and our own exclusive brands. We have four million customers and deliver 49 million products every year. Our free click and collect service, Collect+, delivers to 5,800 stores across the country, increasing ease and convenience for customers.

For more information on Shop Direct, visit www.shopdirect.com or follow us on Twitter at @ShopDirect.

CONTACT INFORMATION:

Shop Direct
Lauren Young
07919 228 622

Dave Lafferty
07552 283 266

Source: Shop Direct

IKEA progresses on the construction of its future Columbus store due to open at Summer 2017

COLUMBUS, OH, 2016-Aug-13 — /EPR Retail News/ — IKEA, the world’s leading home furnishings retailer, today announced that steel framing has progressed far enough that installation of the iconic blue composite panels has begun on its future Columbus store. Installing the blue panels is a construction milestone keeps the store on track to open Summer 2017 and reflects the unique architectural design for which IKEA stores are known worldwide.

The 354,000-square-foot future IKEA Columbus and its 1,200 parking spaces is being built on 33 acres at the northeastern corner of Interstate-71 and Gemini Place in the Polaris Centers of Commerce development, approximately 15 miles north of downtown Columbus. Until the store opens, local customers can shop at the closest IKEA stores in: West Chester, OH; Pittsburgh, PA; and Canton, MI; or online at IKEA-USA.com.

“With IKEA Columbus taking shape and the blue paneling now going up, we continue to be on track for a grand opening next Summer,” said Lars Petersson, IKEA U.S. president. “We hope to be enclosed before the New Year, and cannot wait to begin transforming the building’s interior to look like an IKEA store as well. We know there are many customers in the area who are excited for us to open, including those who are driving great distances to shop at our other stores as well those who have yet to experience the unique IKEA shopping experience.”IKEA Columbus will feature nearly 10,000 exclusively designed items, 50 inspirational room-settings, three model home interiors, a supervised children’s play area, and a 450-seat restaurant serving Swedish specialties such as meatballs with lingonberries and salmon plates, as well as American dishes. Other family-friendly features include a ‘Children’s IKEA’ area in the Showroom, baby care rooms, play areas throughout the store, and preferred parking. IKEA also will evaluate potential on-site power generation to complement its current U.S. goal of a renewable energy presence at nearly 90% of its U.S. locations.

IKEA Columbus will provide annual sales and property tax revenue for local governments and schools. And – in addition to 500 jobs expected during construction – 300 coworkers will join the IKEA family when the store opens. Opportunities will be available in the spring for candidates interested in working at this employer of choice in home furnishings sales, interior decoration, customer service, safety and security, cashiers, maintenance, goods flow, receiving, warehouse and stock replenishment. Also, setting itself apart, IKEA Columbus will offer nearly 60 food service opportunities in its Restaurant, Swedish Food Market, Exit Bistro and coworker cafeteria.

Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at low prices so the majority of people can afford them. There are currently more than 380 IKEA stores in 48 countries, including 42 in the U.S. IKEA has been included in rankings of “Best Companies to Work For” and, as further investment in its coworkers, has raised its own minimum wage twice in two years. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see IKEA-USA.com, @IKEAUSA, @IKEAUSANews, or IKEAUSA on Facebook, YouTube, Instagram and Pinterest.

Contact:

Joseph Roth
Expansion Public Affairs
(610) 834-0180, x 6500

Source: IKEA