Agilysys Enters Into Definitive Agreement To Sell Its Retail Solutions Group To Clearlake Capital Group

June 13, 2013 Agilysys

Agilysys, Inc., a leading developer and marketer of proprietary enterprise software, services and solutions to the hospitality and retail industries, announced that it has entered into a definitive agreement to sell its Retail Solutions Group ("RSG") to an affiliate of Clearlake Capital Group, L.P. ("Clearlake") for total consideration of $34.55 million in cash, subject to customary closing conditions.

Irisys Thermal Sensors Power Kroger's QueVision Checkout System

June 13, 2013 Irisys

The Wall Street Journal recently highlighted Kroger’s use of infrared cameras as a weapon in its war against long checkout lines. The cameras are part of a high-tech solution called “Intelligent Checkout Management,” developed by Irisys, a global leader in thermal technology.

Wal-Mart Has No US Grocery Delivery Expansion Plans For Now

June 13, 2013 Jessica Wohl, Reuters

Wal-Mart Stores Inc. has no immediate plans to expand its U.S. online grocery delivery beyond a test in California because it is not yet convinced there is sufficient demand, the head of the company's global e-commerce division said on Thursday.

Foodland Turns To Rewards Card, Local Needs To Keep Market Share

Living in the shadow of giants such as Walmart and Kroger that have claimed much of the grocery business, Jim Oppe figures he survives with fresh produce, specially cut meat and customer service. The Foodland chain itself is taking steps to retain or increase market share. This week it unveiled a company-wide rewards card program.

Sobeys To Acquire Canada Safeway

June 13, 2013 Empire Company Limited

Empire Company Limited and its wholly-owned subsidiary, Sobeys Inc., have announced that Sobeys has reached a definitive agreement with Safeway Inc. to acquire substantially all of the assets of Canada Safeway Limited for a cash purchase price of Cdn. $5.8 billion, subject to a working capital adjustment, plus the assumption of certain liabilities.