Walmart Moves Ahead With Sale of Asda Supermarket Chain, Could Get $8.6 Billion

fool | March 16, 2020

Walmart began the second round of bidding today for Asda, a chain of UK supermarkets owned by the U.S.-based retail titan, according to company sources. Three private equity firms are currently in the running to make bids on the brand. These include TDR Capital, Lone Star Funds, and Apollo Global Management, Inc., all three of which participated in the first round of bidding when Adsa first went on the block. Asda controls approximately 15% of the British grocery market. Yet investors are also excited about the fact that Asda owns around 70% of the real estate its stores stand on as "freehold," rather than leasing it or occupying it through other arrangements.

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Our global customer base is seeing a meaningful impact from Oracle Retail Financial, Assortment and Item Planning Optimization: A Brazilian shoe company attained 30% reduction in inventory levels leveraging best practice ¬nancial planning processes.

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Our global customer base is seeing a meaningful impact from Oracle Retail Financial, Assortment and Item Planning Optimization: A Brazilian shoe company attained 30% reduction in inventory levels leveraging best practice ¬nancial planning processes.

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POS HARDWARE

36% of Americans Took On Holiday Debt, Averaging $1,249

LendingTree | January 03, 2022

The holiday season can be a busy time for consumers, from making travel plans to purchasing gifts for loved ones. For some Americans, this can mean spending outside their budget by adding debt to their credit card, using buy now, pay later financing or taking out personal loans. The newest LendingTree survey found that more than a third of consumers (36%) incurred holiday debt this season, averaging $1,249. Key findings More consumers took on debt this holiday season than last, though the average amount dropped year over year for the first time since this survey began in 2015. 36% of Americans took on holiday debt this season, up from 31% in 2020. But borrowers owe an average of $1,249, down 10% from $1,381 last season. Parents with children younger than 18 and millennials were most likely to take on holiday debt, at 54% and 50%, respectively. Both groups borrowed an average of $1,462. Nearly 40% of Americans used buy now, pay later financing for holiday gifts this year. This is up slightly from 37% in 2020. This financing was most common among parents with young children (64%), six-figure earners (61%) and millennials (60%). Most holiday borrowers with debt put it on their credit cards (62%). Personal loans also remained a popular choice at 23%, though this was down from 27% in 2020. 82% of those with holiday debt won't pay it off within a month, but nearly 45% will try to consolidate their debt or open a balance transfer credit card. That could be a helpful solution for the 35% of borrowers paying above-average APRs. "You can't make a meaningful plan to tackle debt unless you know exactly how much money is coming in and going out of your household on a regular basis, Once you know that, you can take stock in your spending and shift things around to match your priorities, including freeing up money to pay down debt." -Matt Schulz, LendingTree's credit card expert. About LendingTree LendingTree (NASDAQ: TREE) is the nation's leading online marketplace that connects consumers with the choices they need to be confident in their financial decisions. LendingTree empowers consumers to shop for financial services the same way they would shop for airline tickets or hotel stays, comparing multiple offers from a nationwide network of over 500 partners in one simple search, and can choose the option that best fits their financial needs. Services include mortgage loans, mortgage refinances, auto loans, personal loans, business loans, student loans, insurance, credit cards and more. Through the LendingTree platform, consumers receive free credit scores, credit monitoring and recommendations to improve credit health. LendingTree proactively compares consumers' credit accounts against offers on our network and notifies consumers when there is an opportunity to save money. In short, LendingTree's purpose is to help simplify financial decisions for life's meaningful moments through choice, education and support. LendingTree, LLC is a subsidiary of LendingTree, Inc.

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Fintech provider DataMesh signs deal with retailer Peregrine

iTWire | September 03, 2020

A statement from DataMesh said Peregrine would use its financial payments products for fuel, retail and convenience businesses — operating as On The Run — which include Krispy Kreme SA, Subway, Oporto and Brumby's. The same DataMesh products will be used by Peregrine's Smokemart & GiftBox stores, the largest local privately-owned retail tobacco offering. DataMesh customers are not tied to any particular hardware and the company's software helps to resolve issues around payments technology and compliance issues for big retailers. DataMesh chief executive Mark Nagy said: “We are thrilled to announce this significant contract with Peregrine Corporation for our payments and analytics technology. Partnering with such a significant retailer is real validation that we, even as an early stage company, have been able to solve pressing business issues faced by large merchants, such as lack of POS integration, hardware of choice, and real-time connectivity to multiple acquirers – something that banks and other payments providers haven’t been able to do.

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POS SOLUTIONS

Square Launches Square Register in Canada, Offering Integrated Point-of-Sale Hardware to Help Larger Sellers Rebuild this Fall

Square | September 13, 2021

Square, the globally trusted software, payments and hardware solution for businesses of all sizes, is raising the bar on customer experience with the launch of its Square Register in Canada. With 80% of Canadians reporting their commitment to buying local is more important now than before the pandemic, Square Register offers Canadian sellers a cashless new way to sell and run their businesses from a COVID-safe distance.The pandemic has thrown Canadian businesses challenge after challenge — and accelerated the demand for new, more flexible omnichannel commerce solutions,” explains Thomas Templeton, General Manager of Hardware at Square. “In addition to its easy-to-use and sophisticated design, Square Register — designed in part by Square’s hardware engineers in Toronto — is the first fully integrated, all-in-one point-of-sale in Canada that offers dedicated seller and buyer-facing screens that can be set up as far as two metres apart, for a safer buying experience. As our sellers have grown and adapted, we’ve evolved with them. Now, with the introduction of Square Register, we’re excited to give bigger and more complex Canadian businesses better options when it comes to choosing an integrated commerce solution.” A newly released Leger survey commissioned by Square shows that 72% of Canadian respondents agree that distanced and cashless buying options help them feel more comfortable when supporting local sellers. According to the survey, 80% of Canadian respondents report it’s more important to them now to support local businesses compared to before the pandemic, with 72% agreeing they are excited to start shopping in-person this Fall. Those sentiments are consistent across the country, with Quebecers reporting the highest allegiance (83%) to local sellers. 71% of Canadians surveyed say they are already, or plan to, spend more locally as Canada recovers from the pandemic — about a quarter of those surveyed estimated they’d spend about $1,750 with local sellers over the next six to twelve months. Canadians expected to spend the most additional money locally were found in Atlantic Canada ($2,492), Alberta ($2,372) and BC ($1,964), while buyers in Quebec and Ontario anticipate their additional local spending over the next six to 12 months at $1,695 and $1,418, respectively. Integrated Commerce Straight Out of the Box Square Register is an in-person, point-of-sale powerhouse that enables integrated, omnichannel commerce within minutes, straight out of the box, and works seamlessly with Square’s growing ecosystem of business tools — from free POS software and data reporting tools to dedicated restaurant, appointments and retail software, invoicing, e-commerce and more. Sellers have access to all the tools they need to run and grow their businesses without the need for additional tablets, apps or add-ons. Square Register allows sellers to manage their in-person and online business from one place, including inventory, point-of-sale, employee management and deliveries, enabling businesses to grow as they open new locations and integrate new revenue streams. “At Square, our growth is directly tied to our customers’ growth — we all succeed together,” explains Alyssa Henry, Executive Vice President, Square, adding that since its launch in the U.S. in 2017, Square Register has been powering businesses across the globe — from multi-location restaurants and hair salons to retail stores and healthcare clinics. “Businesses are ditching clunky payment machines and legacy technology because they want fast, reliable, secure and intuitive hardware that looks professional. At the same time they need to manage growth and adapt easily to changing customer needs and market environments.” So far, iconic Canadian businesses of all sizes have been part of a group of early adopters who have made the switch to Square Register as part of their post-pandemic strategy to welcome back local customers, including: Calgary’s Village Ice Cream, Ontario’s Steel N Ink, Toronto’s Kensington Brewing Company, Montreal’s Les Petits Ziboo and Calgary Sports and Entertainment Corporation’s McMahon Stadium — home of the Calgary Stampeders — and Scotiabank Saddledome — home of the Calgary Flames. Village Ice Cream founder and owner Billy Friley — who first began using Square in 2014 — credits Square for helping his team “pivot easily” to integrate digital payments, online ordering and curbside pick-up of their popular small-batch ice cream treats throughout the pandemic. “Village Ice Cream is all about getting people out and connecting in the urban village,” he explains. “We're really excited about having a fully dedicated POS with Square Register as it’s an all-in-one solution that requires no training for our team and gives our customers more space and privacy when they are making digital payments or tipping.” Before the pandemic, Calgary Sports and Entertainment Corporation was receiving 50-60% of its onsite payments in cash during big games, so deploying a new POS system to enable cashless, distanced payments quickly has been a key priority. “So far, Square Registers have been easy to use for our patrons and staff and have been performing great for us at McMahon Stadium,” says Rachelle Roulston, Manager, Special Projects at Calgary Sports and Entertainment Corporation. “The advancements — not only from a technology standpoint — but the time savings and our ability to get away from handling cash has been a great win. Staff get to go home early, they're a lot happier, and they're not having to deal with the risk of carrying that cash.” Making Selling Easy for Any Business Square is focused on empowering businesses so everyone can participate and thrive in the economy with its innovative, easy-to-use product ecosystem. Since it launched in Canada nine years ago through the end of 2020, Square has introduced a broad set of more than 20 tools to businesses of all types and sizes — and has grown its base of larger, multi-location sellers by an average annual rate of 44% since 2016. During the pandemic, the number of active larger sellers using Square grew by more than 50%. Square Register has been carefully designed to meet the needs of bigger, more complex Canadian businesses. It features a clear and simple pricing structure and retails for $899 (excluding taxes) which can be financed over 12 interest-free instalments of $75 a month. As with all Square products, there are no hidden fees, monthly fees or contracts and it offers business owners extra peace of mind with a 2-year limited warranty and bilingual customer support over email and phone. Businesses can accept all types of payments with Square Register, including Interac Debit. About Square Square, Inc. builds tools to empower businesses and individuals to participate in the economy. Sellers use Square to reach buyers online and in person, manage their business, and access financing. Individuals use Cash App to spend, send, store, and invest money. And TIDAL is a global music and entertainment platform that expands Square’s purpose of economic empowerment to artists. Square, Inc. has offices in the United States, Canada, Japan, Australia, Ireland, Spain, Norway, and the UK.

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