Mobile payments are likely to take a giant step forward with Apple’s unveiling of Apple Pay, a new mobile payment platform built into the company’s new iPhone 6 and iPhone 6 Plus. The platform will also work with the new Apple Watch, extending the service to over 200 million owners of iPhone 5, iPhone 5c and iPhone 5s worldwide.
The revelation that IBM and Apple would be working together on a new range of mobile solutions is a huge development in its own right, but the landmark deal also promises to have a wide-ranging impact on the retail industry.
Apple has announced that Angela Ahrendts, CEO of Burberry, will be joining the company as SVP of retail and online stores — a newly created position — and as a member of its executive team. Ahrendts will report to CEO Tim Cook.
Small businesses have long been a core customer group at Sam’s Club, so much so that at one point the retailer’s tag line was, “in business for small business.” It makes sense then that Sam’s would invest in a program that promotes entrepreneurship and for that the nation should be thankful.
Sales of 31.2 million iPhones and 14.6 million iPads during third quarter ended June 29 enabled Apple to generate sales of $35.3 billion, but lower prices led to gross margin contraction and a nearly $2 billion decline in profits.
When JCPenney first announced its “fair and square” pricing strategy back in January with a great deal of hoopla and fanfare -- complete with a NYC media event attended by 700 people -- there was much hope that former Apple executive CEO Ron Johnson and then president Michael Francis, formerly at Target, would be able to bring some of their retail magic to the stagnant retailer.
Toy buyers, manufacturers, retailers and others, simply curious about the latest trends, gathered this week at the massive Javitz Center in New York City to see what would be the hottest products for 2012.